Корреляция активов

Как основные рынки движутся относительно друг друга — крипта, фондовые индексы, сырьевые товары и валюты на одной сетке, рассчитанной по дневным изменениям цен.

Обновлено 26 авг. 2026 г.

Pearson correlation of daily returns · 90 trading days

	BTC	ETH	S&P 500	Nasdaq	Gold	Silver	WTI Oil	EUR/USD	GBP/USD	USD/JPY	DXY
BTC	1	0.87	0.28	0.29	0.42	0.40	-0.13	0.40	0.29	-0.17	-0.37
ETH	0.87	1	0.28	0.28	0.42	0.38	-0.09	0.51	0.36	-0.22	-0.48
S&P 500	0.28	0.28	1	0.97	0.41	0.50	-0.52	0.40	0.29	-0.33	-0.41
Nasdaq	0.29	0.28	0.97	1	0.39	0.52	-0.44	0.41	0.30	-0.30	-0.41
Gold	0.42	0.42	0.41	0.39	1	0.84	-0.25	0.40	0.36	-0.28	-0.41
Silver	0.40	0.38	0.50	0.52	0.84	1	-0.29	0.40	0.31	-0.22	-0.39
WTI Oil	-0.13	-0.09	-0.52	-0.44	-0.25	-0.29	1	-0.10	-0.07	0.19	0.13
EUR/USD	0.40	0.51	0.40	0.41	0.40	0.40	-0.10	1	0.87	-0.48	-0.98
GBP/USD	0.29	0.36	0.29	0.30	0.36	0.31	-0.07	0.87	1	-0.46	-0.90
USD/JPY	-0.17	-0.22	-0.33	-0.30	-0.28	-0.22	0.19	-0.48	-0.46	1	0.64
DXY	-0.37	-0.48	-0.41	-0.41	-0.41	-0.39	0.13	-0.98	-0.90	0.64	1

Move apart

Move together

CryptoIndicesCommoditiesForex

📖 Как читать таблицу

Каждая ячейка — это коэффициент корреляции от −1 до +1. Зелёный означает, что два актива обычно движутся вместе; красный — что они движутся в противоположных направлениях.
Значения около 0 означают слабую связь или её отсутствие. Чем насыщеннее цвет, тем сильнее связь за выбранный период.
Корреляция — не причинно-следственная связь, и она меняется во времени: переключайте периоды 30 / 90 / 180 дней, чтобы увидеть, как связи усиливаются или ослабевают.
Рынки закрываются в разное время суток, поэтому дневные движения не совпадают идеально. Значения между разными классами активов (например, крипта vs акции) отражают направление и примерную силу связи, а не точную цифру.

🧭 Почему эти активы движутся вместе

Структурные причины за цифрами — связи, которые стоит знать перед тем, как читать таблицу.

The Dollar Index vs EUR/USD — a mirror image

The Dollar Index (DXY) measures the dollar against a basket of currencies that is almost 58% euro, so DXY and EUR/USD are nearly perfect opposites — when the euro rises against the dollar, the index falls, and vice-versa. This is the closest thing to a mechanical −1 relationship on the whole grid. If you trade EUR/USD, you are effectively trading the dollar index upside down.

A strong dollar is a headwind for gold

Gold is priced in dollars, so a stronger dollar (a rising DXY) makes gold more expensive for the rest of the world and tends to push its price down; a weaker dollar lifts it. The link is real but not rigid — during fear-driven rallies investors buy gold AND the dollar at once as safe havens, and the usual inverse relationship can break down for a while.

Bitcoin vs Nasdaq — a risk-on pair

Since 2020 Bitcoin has traded increasingly like a high-beta tech stock: when investors take on risk, both crypto and the Nasdaq rally; when liquidity tightens, both sell off. The correlation rises in stress and fades in calm, quiet markets — so watch it change rather than assuming it is fixed.

Gold vs Silver — strongly positive

Both are precious metals driven by the same macro forces — real yields, the dollar and safe-haven demand — so they usually move together. Silver is the more volatile of the two and has a larger industrial demand component, so it often amplifies gold's moves in both directions.

S&P 500 vs Nasdaq — almost the same trade

The two big US equity indices overlap heavily — the largest technology companies dominate both — so their correlation is very high. The Nasdaq tilts more toward growth and technology, so it tends to move further on the same news, especially when interest rates shift.

Bitcoin vs Gold — 'digital gold' or not?

Bitcoin is often called 'digital gold', but in practice the two rarely move together day to day. Gold behaves like a defensive safe haven, while Bitcoin still trades like a risk asset most of the time. Their correlation is usually weak and unstable — occasionally aligning when both react to the dollar or inflation, but just as often drifting apart.

Oil vs Stocks — it depends on the shock

When the economy is growing, oil and stocks can rise together — both feed off strong demand. But when oil spikes because of a supply shock, expensive energy squeezes company margins and consumers, and stocks can fall while oil climbs. That is why this pair flips between positive and negative depending on what is driving the move.

EUR/USD vs GBP/USD — the dollar's two sides

Both pairs have the US dollar on one side, so a broad dollar move pushes them in the same direction — they usually rise and fall together. The euro and the pound are also closely tied through European trade and policy. They diverge mainly when something specific hits just the UK or just the euro area.