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Robinhood Markets, Inc. Class A Common Stock (HOOD) vs Grayscale Bitcoin Trust ETF (GBTC)
Correlation
of % moves
+48%
In sync
of periods
67%
History
daysdays · through 2026-05-28
1,102
These move in the same direction about 67% of the time
Their swing sizes loosely line up (~23% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
Advanced
Statistics
In sync(i)
67.3%
Headline metric
Movement correlation(i)
+48%
Based on % moves
95% CI
+43% → +52%
Likely range of correlation
Pipeline
Pipeline Summary
1,102 paired data points survived the daily window.
Raw input
1,213
1,102
Normalized
1,213
1,102
Prepared
1,213
1,102
Aligned
1,102
1,102
Invalid removed
R²(i)
22.8%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
1,102
Deep
Time-Shifted Correlation
See how correlation changes when one series is offset in time. A taller bar at a non-zero shift means the two move together better when one leads the other — that's a potential lead/lag signal.
Correlation by shift
Click a bar to inspect. Range: -6 to 6 days.
Selected shift
No shift
Correlation at this shift
+48%
No shift — both series at their actual dates.
1,101 overlapping points at this shift
Baseline
+48%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+48%
A non-zero peak suggests one series lines up better when shifted against the other.
Stability
How the correlation evolves over time. A stable line means the relationship is reliable; large swings signal regime-dependent behavior.
Do They Crash Together?
How these series behave when markets are rising, falling, or diverging. A correlation that holds in drawdowns is very different from one that only works in rallies.
Both Rising
+39%
69 periods · Return correlation when both series rose
Both Falling
+47%
66 periods · Return correlation when both series fell
Diverging
-34%
37 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
111
A: 111 / B: 0
Series A
Robinhood Markets, Inc. Class A Common Stock (HOOD)
HOOD
Stock · 1,213 raw → 1,213 prepared
Series B
Grayscale Bitcoin Trust ETF (GBTC)
GBTC
Stock · 1,102 raw → 1,102 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
19
Estimated crossover points between normalized spreads.
Slope
0.4289
Linear regression slope.
Intercept
-0.0001
Linear regression intercept.
Saved 3 weeks ago · ID: stock-gbtc_stock-hood_daily_5y