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

BTC · ETH0.89
XRP · DOGE0.88
BTC · XRP0.87
BNB · DOGE0.83

Least correlated

BNB · DOT0.58
BNB · AVAX0.59
SOL · DOT0.60
AVAX · LINK0.60

Show the full 90-day correlation matrix

10×10 heatmap · n=90 days · updated 9/7/2026

	BTC	ETH	SOL	BNB	XRP	ADA	AVAX	LINK	DOGE	DOT
BTC	—	0.89	0.79	0.76	0.87	0.75	0.64	0.77	0.80	0.67
ETH	0.89	—	0.79	0.67	0.79	0.67	0.62	0.82	0.74	0.62
SOL	0.79	0.79	—	0.68	0.72	0.65	0.67	0.76	0.70	0.60
BNB	0.76	0.67	0.68	—	0.76	0.70	0.59	0.67	0.83	0.58
XRP	0.87	0.79	0.72	0.76	—	0.77	0.67	0.72	0.88	0.73
ADA	0.75	0.67	0.65	0.70	0.77	—	0.62	0.69	0.80	0.70
AVAX	0.64	0.62	0.67	0.59	0.67	0.62	—	0.60	0.69	0.68
LINK	0.77	0.82	0.76	0.67	0.72	0.69	0.60	—	0.79	0.69
DOGE	0.80	0.74	0.70	0.83	0.88	0.80	0.69	0.79	—	0.75
DOT	0.67	0.62	0.60	0.58	0.73	0.70	0.68	0.69	0.75	—

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