Grayscale Bitcoin Premium Income ETF (BPI) — Stock Correlations & Overview
Over the past year, BPI has moved most closely with BITX, BTCL, BTC. Explore the stocks most correlated and inversely correlated with BPI below, along with its price, financials, and company profile.
Stocks correlated with BPI
Correlation of daily returns. Higher positive values move with BPI; negative values move opposite it. Informational only, not investment advice.
Most correlated with BPI
| Symbol | Company | Correlation |
|---|---|---|
| BITX | 2x Bitcoin ETF | 0.99 |
| BTCL | T-Rex 2X Long Bitcoin Daily Target ETF | 0.99 |
| BTC | Grayscale Bitcoin Mini Trust ETFCOMMODITY CONTRACTS BROKERS & DEALERS | 0.99 |
| FBTC | Fidelity Wise Origin Bitcoin FundCOMMODITY CONTRACTS BROKERS & DEALERS | 0.99 |
| BITB | Bitwise Bitcoin ETFCOMMODITY CONTRACTS BROKERS & DEALERS | 0.99 |
Frequently asked questions about BPI correlations
- Which stocks are most correlated with BPI?
- Based on one year of daily returns, the stocks most correlated with Grayscale Bitcoin Premium Income ETF (BPI) are BITX (0.99), BTCL (0.99) and BTC (0.99). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with BPI?
- Over the past year, the stocks most inversely correlated with Grayscale Bitcoin Premium Income ETF (BPI) are SBIT (-0.98), BTCZ (-0.98) and BITI (-0.96). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these BPI correlations calculated?
- We compute the correlation of daily returns between BPI and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.