| BTC | ETH | BNB | ADA | XRP | LTC | XMR | DOGE | SOL | DOT | AVAX | GOLD | SP500 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BTC | 1 | ||||||||||||
| ETH | 0.89 | 1 | |||||||||||
| BNB | 0.79 | 0.81 | 1 | ||||||||||
| ADA | 0.77 | 0.81 | 0.78 | 1 | |||||||||
| XRP | 0.59 | 0.63 | 0.59 | 0.71 | 1 | ||||||||
| LTC | 0.75 | 0.78 | 0.75 | 0.75 | 0.58 | 1 | |||||||
| XMR | 0.7 | 0.68 | 0.64 | 0.61 | 0.46 | 0.6 | 1 | ||||||
| DOGE | 0.65 | 0.69 | 0.68 | 0.65 | 0.52 | 0.64 | 0.53 | 1 | |||||
| SOL | 0.76 | 0.79 | 0.75 | 0.79 | 0.63 | 0.7 | 0.58 | 0.63 | 1 | ||||
| DOT | 0.78 | 0.81 | 0.8 | 0.85 | 0.64 | 0.77 | 0.63 | 0.66 | 0.77 | 1 | |||
| AVAX | 0.79 | 0.84 | 0.82 | 0.81 | 0.64 | 0.74 | 0.63 | 0.68 | 0.82 | 0.84 | 1 | ||
| GOLD | 0.21 | 0.2 | 0.21 | 0.18 | 0.09 | 0.19 | 0.19 | 0.11 | 0.16 | 0.15 | 0.17 | 1 | |
| SP500 | 0.53 | 0.53 | 0.47 | 0.51 | 0.38 | 0.46 | 0.41 | 0.38 | 0.42 | 0.51 | 0.48 | 0.19 | 1 |
This is an interactive tool. You can click on the values in the table to see the trend or change the timeframe above the table.
Correlation over time: SP500 vs. BTC (Rolling 365 days)
Is Bitcoin An “Uncorrelated Asset”?
- We investigated the correlation between the returns of some Cryptocurrencies, gold and big stock indices (S&P 500 and Dow Jones).
- The Pearson correlation coefficient shows the extend to which two data sets (in this case: daily returns) are related.
- It takes values between -1 and 1:
1 positive correlation (if one goes up, the other one goes up as well) 0 not correlated -1 negative correlation (if one goes up, the other one goes down)
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