Crypto correlation matrix
How closely the daily returns of 15 popular coins moved together over the last 30 days, 90 days or year, from Binance daily closes. Free and updated daily.
How closely the daily returns of 15 popular coins moved together, from Binance’s daily closes against USDT. 1 means they moved in step, 0 means no relation and −1 means opposite moves.
Questions about crypto correlation
What does the correlation number mean?
How closely two coins’ daily returns moved together, from −1 to 1. Near 1 they rose and fell on the same days, near 0 there was no relation, and below 0 they tended to move in opposite directions.
How is it calculated here?
The Pearson correlation of daily log returns from Binance daily closes against USDT, over the last 30 days, 90 days or year, using only the days on which both coins have a return.
Why does it matter for a portfolio?
Coins that are highly correlated tend to fall together, so holding several of them spreads risk less than it seems. Correlations change over time, which is why the matrix can be shown for different periods.
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