S&P500 vs Bitcoin Correlation
Upgrade to the Professional plan to view this metric
Compare all plan features here
Upgrade to ProfessionalZoom in with touchscreen: Touch and hold with ONE finger then drag.
Zoom in on desktop: Left click and drag.
Reset: Double click.
S&P500 vs Bitcoin Correlation
Correlation over time between Bitcoin and S&P500.
- Periods of positive correlation are highlighted by green bars.
- Periods of negative correlation are highlighted by red bars.
While some see Bitcoin as a store of value, others see it as an investment. For that reason, there are periods of time where Bitcoin is correlated to the S&P 500. The extent that will remain true over time as Bitcoin grows remains to be seen, which is why this is a valuable metric to monitor.
Correlation is a statistical measure that measures the strength of the relationship between two assets. It ranges from -1 to 1. A coefficient of 1 would mean the assets are moving together, a coefficient of -1 would mean they are moving in opposite directions. A correlation coefficient of zero means that there is no relationship between the two variables.
Any information on this site is not to be considered as financial advice. Please review the Disclaimer section for more information.