30-day rolling Pearson correlation of daily returns between BTC/ETH and major TradFi asset classes. Red = positive correlation — assets move together. Blue = negative correlation — assets move in opposite directions. Arrows show direction vs the 90-day baseline: ↑ rising, ↓ falling.
| S&P 500 | Gold | DXY | Oil | VIX | |
|---|---|---|---|---|---|
| BTC | 0.64 | 0.12 | -0.19 | 0.00 | -0.55 |
| ETH | 0.62 | 0.18 | -0.24 | -0.01 | -0.51 |
Updated daily — 2026-03-28 — Data: yfinance (S&P 500, Gold, DXY, Oil, VIX) + Hyperliquid API (BTC, ETH). Correlations are calculated on daily log returns over a rolling 30-day window.
How to read this: A correlation near +1.0 means the two assets have moved closely together over the past 30 days. Near 0 means little relationship. Near −1.0 means they have tended to move in opposite directions. A rising correlation between BTC and the S&P 500 typically signals that crypto is trading as a risk asset — reducing its diversification value in a traditional portfolio.