bitcoin vs nasdaq correlation
the Nasdaq 100 · bitcoin — 1-year correlation swings -0.28 to +0.59
- +0.20normally
- -0.03in crashes
- -0.28 ~ +0.591-year range
- 1.4positions if held 50/50
The sign flips with the era
The one-year correlation swings from -0.28 to +0.59. Green is the stretches they moved together, red the stretches they moved apart.
So a single long-run average describes this pair badly. Which regime you are in right now matters more than the average.
It holds up in the crash too
+0.20 normally, and still -0.03 over the 5% of weeks when the Nasdaq 100 fell hardest. That is the rare kind that is still there when it is needed.
Try it on your own portfolio
Opens with these two already entered. Add what you hold and the vs the rest and New columns answer whether to add one more.
Open with the Nasdaq 100 · bitcoinWeekly returns, 611 weeks since 2015, every price converted to USD. “Crashes” means the 5% of weeks the Nasdaq 100 fell hardest. One sample, one window — not a promise about the future.