What this page shows
A 30-day correlation matrix showing how daily price returns of leading cryptocurrencies relate to one another.
How to read it
Values range from +1.00 (moving identically in the same direction) to -1.00 (moving in opposite directions), with 0 indicating no linear relationship.
Why traders care
Understanding correlation helps traders diversify portfolios and avoid holding multiple assets that carry identical risk exposure.
Common mistakes
- Assuming historical 30-day correlations will remain constant during sudden market shocks.
- Treating low correlation as complete downside protection.
Frequently asked questions
How do I read a correlation score between +1.00 and -1.00?
A score near +1.00 ( above +0.75) means the two coins move up and down together almost identically. A score near 0 means they move independently, and a negative score means they move in opposite directions.
How does correlation affect my trading risk and position size?
If you risk 1% on a Bitcoin long and 1% on an Ethereum long when their correlation is +0.90, you are effectively risking 2% on the exact same directional bet.
Why use a rolling 30-day correlation window?
Crypto narratives rotate rapidly; a 30-day window captures current market regime relationships better than multi-year historical averages.
This data can be delayed and is not a trading signal or financial advice. See our disclaimer.