Bitcoin Correlation Calculator
See how Bitcoin moves relative to the S&P 500, Gold, Nasdaq, and the US Dollar across multiple time periods.
Correlation measures how closely Bitcoin moves with another asset on a scale from -1 to +1. This tool computes rolling correlation between BTC and the S&P 500, Nasdaq, gold and the dollar index from daily returns, so you can judge how much real diversification Bitcoin adds to your portfolio.
Multi-asset correlation
Correlation Matrix
Pearson correlation coefficient (−1 to +1) between daily log-returns
BTC ↔ S&P 500 correlation
Weak relationship
Correlation with Bitcoin
- S&P 500Weak
- r = -0.04
- GoldWeak
- r = -0.12
- NasdaqWeak
- r = -0.07
- US Dollar (DXY)Weak
- r = +0.07
| Bitcoin | S&P 500 | Gold | Nasdaq | DXY | |
|---|---|---|---|---|---|
| Bitcoin |
1.00
|
-0.04
|
-0.12
|
-0.07
|
0.07
|
| S&P 500 |
-0.04
|
1.00
|
0.58
|
0.95
|
-0.77
|
| Gold |
-0.12
|
0.58
|
1.00
|
0.74
|
-0.84
|
| Nasdaq |
-0.07
|
0.95
|
0.74
|
1.00
|
-0.81
|
| DXY |
0.07
|
-0.77
|
-0.84
|
-0.81
|
1.00
|
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Rolling 30-Day Correlation vs Bitcoin
How Bitcoin's correlation with each asset changes over time
Return Scatter Plot
Daily returns: Bitcoin vs S&P 500
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Asset Correlation & Macro Decoupling
Track how Bitcoin moves in relation to the Nasdaq, Gold, and the US Dollar (DXY).
| Asset Group | Bull Market Correlation | Bear Market Correlation |
|---|---|---|
| Nasdaq 100 / Tech | High (0.7 - 0.9) | Extreme (0.9+) |
| Gold (Store of Value) | Low (0.1 - 0.3) | Moderate (0.4 - 0.5) |
| US Dollar (DXY) | Inverse (-0.6) | High Inverse (-0.8) |
Bitcoin Correlation Calculator
-
01
Choose a Time Period
Choose a 30-day, 90-day, 1-year, or 3-year window to compare how asset relationships shift across different market cycles and see updated results immediately.
-
02
Read the Correlation Matrix
Scan each cell of the heatmap to read the Pearson coefficient between two assets, where +1 means they move together, −1 means they move opposite, and 0 means no linear relationship.
-
03
Track Rolling Correlation
Follow the line showing how Bitcoin's correlation with each selected asset has evolved over the chosen period, and spot periods where the market regime shifted.
-
04
Explore the Scatter Plot
Look at how the dots are arranged: a tight upward cluster signals strong positive correlation, while a scattered cloud shape shows low correlation, useful for diversification planning.
Frequently Asked Questions
Read Article
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Disclaimer
Bitcoin prices are fetched live from CoinGecko. Traditional asset benchmarks (S&P 500, Gold, Nasdaq, DXY) use approximate monthly return data interpolated to daily granularity — results are directionally accurate but may differ from institutional-grade tick data. Correlation does not imply causation. This is not financial advice.