WisdomTree Bitcoin Fund (BTCW) — Stock Correlations & Overview
Over the past year, BTCW has moved most closely with BTCO, BRRR, EZBC. Explore the stocks most correlated and inversely correlated with BTCW below, along with its price, financials, and company profile.
Stocks correlated with BTCW
Correlation of daily returns. Higher positive values move with BTCW; negative values move opposite it. Informational only, not investment advice.
Most correlated with BTCW
| Symbol | Company | Correlation |
|---|---|---|
| BTCO | Invesco Galaxy Bitcoin ETFCOMMODITY CONTRACTS BROKERS & DEALERS | 1.00 |
| BRRR | Coinshares Bitcoin ETF Common Shares of Beneficial InterestCOMMODITY CONTRACTS BROKERS & DEALERS | 1.00 |
| EZBC | Franklin Bitcoin ETFCOMMODITY CONTRACTS BROKERS & DEALERS | 1.00 |
| FBTC | Fidelity Wise Origin Bitcoin FundCOMMODITY CONTRACTS BROKERS & DEALERS | 1.00 |
| ARKB | ARK 21Shares Bitcoin ETFCOMMODITY CONTRACTS BROKERS & DEALERS | 1.00 |
Frequently asked questions about BTCW correlations
- Which stocks are most correlated with BTCW?
- Based on one year of daily returns, the stocks most correlated with WisdomTree Bitcoin Fund (BTCW) are BTCO (1.00), BRRR (1.00) and EZBC (1.00). 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 BTCW?
- Over the past year, the stocks most inversely correlated with WisdomTree Bitcoin Fund (BTCW) are SBIT (-1.00), BTCZ (-1.00) and BITI (-0.98). 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 BTCW correlations calculated?
- We compute the correlation of daily returns between BTCW 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.
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