BITC Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF

together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture

BITC vs IBIT

Both indexed to 100 at 2026-05-11.

BITC IBIT · range 72–105 · 2026-05-11 → 2026-11-06

Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").

IBIT iShares Bitcoin Trust ETF Shares

ρ +0.61beyond mkt +0.55holdout +0.66stable 100%robust

BTGD Tidal Trust II STKd 100% Bitcoin & 100% Gold ETF

ρ +0.54beyond mkt +0.50holdout +0.58stable 100%robust

No day-to-day relationship, but 5- or 10-day returns move together.

LXU LSB INDUSTRIES INC

horizon 10dρ +0.36holdout +0.40stable 38%moderate

Biggest shifts in same-day correlation over the last 63 trading days versus the year before.

CRMT America's Car-Mart Inc Common Stock

Δ -0.51recent -0.31prior +0.20beyond mkt -0.01

ZSQR Z Squared Inc. Common Stock

Δ -0.44recent -0.35prior +0.08beyond mkt -0.05

VRSN VeriSign, Inc. Common Stock

Δ +0.43recent +0.37prior -0.06beyond mkt -0.05

FNV Franco-Nevada Corporation

Δ +0.43recent +0.44prior +0.02beyond mkt -0.07

BGLD FT Vest Gold Strategy Quarterly Buffer ETF

Δ +0.42recent +0.46prior +0.05beyond mkt -0.00

RGLD Royal Gold, Inc. Common Stock

Δ +0.41recent +0.42prior +0.01beyond mkt -0.11

Strong beyond-the-market co-movement with few shared neighbours.

Symbol	beyond mkt	raw ρ	shared	isolation
IBIT iShares Bitcoin Trust ETF Shares	+0.55	+0.61	25
BTGD Tidal Trust II STKd 100% Bitcoin & 100% Gold ETF	+0.50	+0.54	25