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Crypto Correlation Matrix

Interactive correlation heatmap for top cryptocurrencies. Find diversification opportunities and understand how crypto assets move together.

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Click assets to highlight their correlations

Correlation Heatmap

BTCETHSOLBNBXRPADAAVAXDOTMATICLINK
BTC
1.00
0.87
0.78
0.82
0.65
0.72
0.75
0.70
0.68
0.74
ETH
0.87
1.00
0.82
0.79
0.62
0.75
0.80
0.74
0.76
0.81
SOL
0.78
0.82
1.00
0.71
0.58
0.68
0.76
0.65
0.63
0.72
BNB
0.82
0.79
0.71
1.00
0.67
0.69
0.72
0.66
0.64
0.70
XRP
0.65
0.62
0.58
0.67
1.00
0.71
0.60
0.63
0.55
0.58
ADA
0.72
0.75
0.68
0.69
0.71
1.00
0.73
0.78
0.70
0.69
AVAX
0.75
0.80
0.76
0.72
0.60
0.73
1.00
0.77
0.72
0.76
DOT
0.70
0.74
0.65
0.66
0.63
0.78
0.77
1.00
0.74
0.73
MATIC
0.68
0.76
0.63
0.64
0.55
0.70
0.72
0.74
1.00
0.71
LINK
0.74
0.81
0.72
0.70
0.58
0.69
0.76
0.73
0.71
1.00
Legend:
Low
Moderate
High
Very high

Best Diversification Pairs

Lowest correlations — holding these together reduces portfolio risk.

XRP / MATIC
0.55
SOL / XRP
0.58
XRP / LINK
0.58
XRP / AVAX
0.60
ETH / XRP
0.62

Most Correlated Pairs

Highest correlations — these tend to move together.

BTC / ETH
0.87
BTC / BNB
0.82
ETH / SOL
0.82
ETH / LINK
0.81
ETH / AVAX
0.80

How to Read the Correlation Matrix

RangeMeaningPortfolio Impact
0.80 – 1.00Very high positiveMove together — limited diversification benefit
0.60 – 0.80High positiveSimilar trends — some diversification
0.30 – 0.60Moderate positiveGood for diversification
0.00 – 0.30Low/no correlationExcellent diversification pair
-1.00 – 0.00Negative correlationMove in opposite directions — hedging potential

Recommended next steps

1

Portfolio Allocation

Design a target allocation using correlation insights

2

Portfolio Rebalancer

Calculate trades needed to rebalance your portfolio

3

Crash Simulator

See how correlated assets amplify crash losses

Limitations

  • •Correlation values are based on historical daily returns and change over time
  • •During market crashes, correlations between crypto assets tend to increase significantly
  • •Past correlations do not guarantee future relationships
  • •Does not include correlations with traditional assets (stocks, bonds, gold)
  • •Timeframe of measurement affects correlation values — 30-day vs 1-year correlations differ
  • •Small-cap tokens may have unreliable correlation data due to low liquidity

This tool provides educational information only. It is not financial, tax, or legal advice. Always consult qualified professionals for decisions about your specific situation. Results are based on general patterns and may not reflect your circumstances.

What Is Crypto Correlation?

Correlation measures how closely two assets move together. A correlation of 1.0 means two assets move in perfect lockstep. A correlation of 0 means no relationship, and -1.0 means they move in opposite directions. Most crypto assets are positively correlated because the entire market tends to move together.

Why Correlation Matters for Your Portfolio

If all your holdings are highly correlated, your portfolio has concentrated risk — when one asset drops, they all drop. Combining assets with lower correlations can reduce overall portfolio volatility. Use our portfolio allocation tool to design a diversified allocation.

Crypto Correlation Trends

  • BTC-ETH: Typically 0.85-0.90 — the two largest assets move very similarly
  • BTC-XRP: Often lower (0.60-0.70) — XRP has more independent price drivers
  • During crashes: All correlations spike toward 1.0 as the market sells everything
  • Stablecoins: Near-zero correlation with volatile assets — the simplest diversifier

Building a Diversified Crypto Portfolio

To diversify effectively, combine assets from different correlation groups. For example, holding BTC + XRP provides more diversification than BTC + ETH. Consider also diversifying outside crypto — stocks, bonds, and commodities have historically lower correlations with crypto assets. Start with our portfolio rebalancer to put your strategy into action, and buy your assets on a trusted crypto exchange.