Crypto Correlation Matrix
How closely do top crypto assets move together? 1.0 = identical movement, 0 = unrelated, -1 = opposite.
Based on 30-day daily returns. Use this to avoid over-concentrated portfolios — coins above 0.85 correlation offer little diversification.
Period:
• 2026 estimates based on historical Pearson correlation
🔴 High correlation (>0.80)
Near-identical movement. Holding both offers minimal diversification.
🟡 Medium (0.50-0.80)
Some shared movement. Useful for portfolio diversification within crypto.
🟢 Low (<0.50)
True diversification. Stablecoins, gold tokens and some DeFi tokens here.
Key insights
- BTC-ETH correlation historically 0.88-0.94 — they move almost identically
- Layer-1 alts (SOL, AVAX, NEAR) cluster at 0.75-0.88 with BTC
- DeFi tokens (UNI, AAVE) often 0.65-0.80 — slightly more independent
- Gold tokens (XAUT, PAXG) are the best crypto hedge: 0.1-0.3 vs BTC
- Stablecoins are 0.0 by design — pure diversification from volatility