Coin Correlation Calculator
How closely do two coins move together?
How to read a correlation coefficient
Correlation ranges from -1 to +1. A value near +1 means the two coins tend to rise and fall together; a value near -1 means they tend to move in opposite directions; a value near 0 means their price movements appear largely unrelated. Most altcoins show a fairly high positive correlation to Bitcoin, especially over longer periods.
Frequently Asked Questions
What does a correlation of 0.8 mean?
It means the two coins' daily returns have moved in the same direction most of the time over the chosen period - a strong positive relationship, though not a perfect one.
Why are most altcoins correlated with Bitcoin?
Overall crypto market sentiment tends to move many coins together, so most altcoins show at least a moderate positive correlation with Bitcoin, especially during broad market rallies or sell-offs.
Is a low correlation coin a good diversifier?
Lower correlation can reduce how much two assets move together, which is one factor in diversification, but it doesn't by itself reduce each asset's individual risk or volatility.
Is the coin correlation calculator free?
Yes, this tool is free to use and calculates a live correlation coefficient using real historical price data, with no signup required.
Can I check if Bitcoin and altcoins are correlated?
Yes. Choose Bitcoin as Coin A and any altcoin as Coin B to see exactly how closely their price movements have tracked each other over your chosen period.