Crypto Correlation Matrix — Top 20 Coins

Pearson correlation of daily log returns over the last 30 days. Values range from -1 (perfect inverse) to +1 (perfect co-movement). Computed Apr 10, 04:44 PM.

+1 perfect co-movement

0 uncorrelated

-1 perfect inverse

Coin	btc	eth	usdt	xrp	bnb	usdc	sol	trx	figr_heloc	doge	usds	wbt	hype	ada	leo	bch	link	xmr	zec	usde
Bitcoin	1.00	0.94	0.01	0.89	0.87	0.00	0.92	-0.02	0.24	0.89	0.40	0.95	0.35	0.83	0.08	0.45	0.93	0.50	0.72	0.25
Ethereum	0.94	1.00	0.05	0.96	0.83	0.03	0.88	-0.10	0.30	0.93	0.48	0.93	0.44	0.89	0.06	0.49	0.96	0.50	0.78	0.32
Tether	0.01	0.05	1.00	0.06	-0.08	0.16	-0.08	0.31	-0.26	-0.03	-0.29	-0.00	-0.05	0.11	-0.14	-0.13	0.11	0.01	-0.05	-0.07
XRP	0.89	0.96	0.06	1.00	0.80	0.02	0.90	-0.06	0.28	0.93	0.49	0.89	0.41	0.91	-0.03	0.53	0.93	0.51	0.78	0.33
BNB	0.87	0.83	-0.08	0.80	1.00	-0.04	0.88	0.05	0.02	0.81	0.25	0.88	0.34	0.79	0.04	0.49	0.86	0.50	0.62	0.11
USDC	0.00	0.03	0.16	0.02	-0.04	1.00	0.03	0.13	0.05	0.12	0.05	0.02	0.04	0.10	-0.26	-0.33	-0.02	0.11	-0.04	0.18
Solana	0.92	0.88	-0.08	0.90	0.88	0.03	1.00	-0.03	0.21	0.91	0.38	0.90	0.31	0.88	-0.05	0.54	0.91	0.45	0.69	0.22
TRON	-0.02	-0.10	0.31	-0.06	0.05	0.13	-0.03	1.00	-0.46	-0.05	-0.56	-0.02	0.10	0.02	-0.33	-0.16	-0.03	0.09	-0.21	-0.01
Figure Heloc	0.24	0.30	-0.26	0.28	0.02	0.05	0.21	-0.46	1.00	0.28	0.44	0.22	0.09	0.20	0.38	0.13	0.19	0.13	0.44	0.19
Dogecoin	0.89	0.93	-0.03	0.93	0.81	0.12	0.91	-0.05	0.28	1.00	0.50	0.85	0.46	0.93	0.00	0.56	0.93	0.53	0.73	0.45
USDS	0.40	0.48	-0.29	0.49	0.25	0.05	0.38	-0.56	0.44	0.50	1.00	0.39	0.18	0.30	0.26	0.24	0.38	0.09	0.40	0.25
WhiteBIT Coin	0.95	0.93	-0.00	0.89	0.88	0.02	0.90	-0.02	0.22	0.85	0.39	1.00	0.41	0.84	0.05	0.48	0.91	0.48	0.72	0.18
Hyperliquid	0.35	0.44	-0.05	0.41	0.34	0.04	0.31	0.10	0.09	0.46	0.18	0.41	1.00	0.50	-0.39	0.31	0.39	0.31	0.52	0.39
Cardano	0.83	0.89	0.11	0.91	0.79	0.10	0.88	0.02	0.20	0.93	0.30	0.84	0.50	1.00	-0.14	0.49	0.93	0.46	0.71	0.42
LEO Token	0.08	0.06	-0.14	-0.03	0.04	-0.26	-0.05	-0.33	0.38	0.00	0.26	0.05	-0.39	-0.14	1.00	0.14	0.05	0.08	0.05	-0.07
Bitcoin Cash	0.45	0.49	-0.13	0.53	0.49	-0.33	0.54	-0.16	0.13	0.56	0.24	0.48	0.31	0.49	0.14	1.00	0.52	0.45	0.49	0.15
Chainlink	0.93	0.96	0.11	0.93	0.86	-0.02	0.91	-0.03	0.19	0.93	0.38	0.91	0.39	0.93	0.05	0.52	1.00	0.46	0.73	0.29
Monero	0.50	0.50	0.01	0.51	0.50	0.11	0.45	0.09	0.13	0.53	0.09	0.48	0.31	0.46	0.08	0.45	0.46	1.00	0.59	0.47
Zcash	0.72	0.78	-0.05	0.78	0.62	-0.04	0.69	-0.21	0.44	0.73	0.40	0.72	0.52	0.71	0.05	0.49	0.73	0.59	1.00	0.36
Ethena USDe	0.25	0.32	-0.07	0.33	0.11	0.18	0.22	-0.01	0.19	0.45	0.25	0.18	0.39	0.42	-0.07	0.15	0.29	0.47	0.36	1.00

Diversification Ranking

Coins with the lowest average correlation to the rest of the top 20 — these are the best diversifiers for a crypto-only portfolio.

How to read this matrix

Each cell shows the Pearson correlation between the daily logarithmic returns of two coins. +1 means they move in lockstep (when one gains 5%, so does the other); -1 means they move inversely; 0 means their movements are statistically independent. In practice, crypto correlations are high — the whole market tends to follow Bitcoin's lead during strong moves — so values in the 0.7 to 0.95 range are common.

Why it matters for your portfolio: holding two coins with +0.95 correlation is almost the same as holding one of them twice. For real diversification, look for pairs where the correlation drops below 0.5 — those are the coins that can cushion a drawdown in your main position.

Data is sampled from CoinGecko's daily close prices over the past 30 days. The matrix refreshes every 6 hours.