Correlation

A “diversified” 10-coin portfolio is usually one bet on BTC dressed up as ten bets.

When BTC dumps, almost everything dumps with it, often harder. The matrix below shows the realized 90-day correlation between log-returns of our 10-coin universe, computed from real Binance candles. Spend ten seconds on it.

Most correlated

AVAX · LINK0.93
SOL · LINK0.93
ADA · AVAX0.92
XRP · LINK0.91

Least correlated

BNB · DOT0.53
BTC · DOT0.58
ETH · DOT0.66
BNB · DOGE0.67

Show the full 90-day correlation matrix

10×10 heatmap · n=90 days · updated 6/9/2026

	BTC	ETH	SOL	BNB	XRP	ADA	AVAX	LINK	DOGE	DOT
BTC	—	0.91	0.88	0.75	0.87	0.78	0.82	0.85	0.77	0.58
ETH	0.91	—	0.87	0.71	0.88	0.83	0.88	0.89	0.81	0.66
SOL	0.88	0.87	—	0.76	0.90	0.89	0.90	0.93	0.80	0.73
BNB	0.75	0.71	0.76	—	0.73	0.72	0.73	0.77	0.67	0.53
XRP	0.87	0.88	0.90	0.73	—	0.87	0.86	0.91	0.83	0.79
ADA	0.78	0.83	0.89	0.72	0.87	—	0.92	0.90	0.82	0.79
AVAX	0.82	0.88	0.90	0.73	0.86	0.92	—	0.93	0.83	0.77
LINK	0.85	0.89	0.93	0.77	0.91	0.90	0.93	—	0.83	0.76
DOGE	0.77	0.81	0.80	0.67	0.83	0.82	0.83	0.83	—	0.71
DOT	0.58	0.66	0.73	0.53	0.79	0.79	0.77	0.76	0.71	—

Color scale:≥ 0.85 high0.70 - 0.850.50 - 0.700.30 - 0.50< 0.30 low

How we computed it: methodology. See it informing live trades:

Live proof →Calibration