Bitcoin & Gold Correlation Dashboard
How do the two "sound money" assets correlate with stocks, bonds, and each other? Interactive charts powered by J.P. Morgan 2026 capital market assumptions.
Bitcoin & Gold: Correlation with Every Asset Class
Sorted by Bitcoin correlation (ascending). Lower = better diversifier. Source: J.P. Morgan 2026 LTCMA.
Rolling Bitcoin–Gold Correlation
Pearson correlation of weekly returns over a rolling window.
The diversification case for both
Bitcoin correlates with global equities at +0.32, while Gold correlates with aggregate bonds at +0.38. But their mutual correlation is just +0.13 — making them effective diversifiers of each other. A portfolio holding both captures two distinct return streams: Bitcoin's growth premium and Gold's flight-to-safety behaviour, with minimal overlap.
Methodology & Sources
Correlation matrix: J.P. Morgan 2026 Long-Term Capital Market Assumptions (30th edition), pages 82-83. Bitcoin correlations estimated from BITO/IBIT data (2021-2025).
Rolling correlation: Pearson correlation of weekly returns over the selected window. BTC prices from CoinGecko; Gold prices from Frankfurter/LBMA.
Correlations are not constant — they shift during crises and macro regime changes. The bar chart shows long-term strategic estimates; the rolling chart shows real-time dynamics.
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Portfolio Lab optimizes across 27 asset classes using this correlation matrix — finding the allocation that maximizes your risk-adjusted returns.
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