APP vs DXYZ: Correlation
Measured on weekly returns over the past three years, AppLovin (APP) and Destiny Tech100 Inc. (DXYZ) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APP and DXYZ?
Across a 3-year window, the weekly returns of APP and DXYZ correlate at 0.50, moderate. Lately the two have drifted apart, with the 1-year correlation at -0.00 versus 0.50 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 8967.0 %².
Among the 44 assets we track against APP, DXYZ ranks #20 by 3-year correlation. The last year tells two different stories: DXYZ led by 57.4 percentage points, -32.5% for APP against +24.9% for DXYZ. Risk is not evenly split, since DXYZ carries 2.4 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
APP vs DXYZ: side by side
| APP (AppLovin) | DXYZ (Destiny Tech100 Inc.) | |
|---|---|---|
| 1-year return | -32.5% | +24.9% |
| 5-year return | +326.5% | n/a |
| Volatility (ann.) | 84.3% | 201.3% |
| Beta vs S&P 500 | 3.10 | 3.94 |
| Max drawdown (3Y) | -59.3% | -90.3% |
| Market cap | $105.0B | $1.1B |
| P/E (trailing) | 23.7 | 9.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | APP | DXYZ |
|---|---|---|
| 2022 | -88.8% | – |
| 2023 | +278.4% | – |
| 2024 | +712.6% | – |
| 2025 | +108.1% | -48.0% |
| 2026 | -53.6% | +15.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APP and DXYZ good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between APP and DXYZ?
As of 2026-08-27, the correlation of weekly returns between APP and DXYZ is 0.50 over 3 years, -0.00 over 1 year and n/a over 5 years.
Is DXYZ a good diversifier for APP?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 mean?
A reading of 0.50 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/app-vs-dxyz.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/app-vs-dxyz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: APP correlations · DXYZ correlations
