ARKK vs DGXX: Correlation
How closely do ARK Innovation ETF (ARKK) and Digi Power X Inc. - Common Subordinate Voting Shares (DGXX) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKK and DGXX?
Across a 3-year window, the weekly returns of ARKK and DGXX correlate at 0.46, moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. Stretching to 5 years gives 0.49, with an annualized covariance of 2074.1 %².
Within ARKK's tracked universe of 122 assets, DGXX comes in at #86 by 3-year correlation. The last year tells two different stories: DGXX led by 63.4 percentage points, +15.7% for ARKK against +79.1% for DGXX. Risk is not evenly split, since DGXX carries 3.0 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.
ARKK vs DGXX: side by side
| ARKK (ARK Innovation ETF) | DGXX (Digi Power X Inc. - Common Subordinate Voting Shares) | |
|---|---|---|
| 1-year return | +15.7% | +79.1% |
| 5-year return | -27.7% | -21.0% |
| Volatility (ann.) | 38.8% | 116.4% |
| Beta vs S&P 500 | 2.07 | 2.42 |
| Max drawdown (3Y) | -39.6% | -75.9% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | ETF · Thematic | US Listed |
Year-by-year returns
| Year | ARKK | DGXX |
|---|---|---|
| 2022 | -67.0% | -92.2% |
| 2023 | +69.0% | +536.1% |
| 2024 | +8.4% | -34.5% |
| 2025 | +35.5% | +70.0% |
| 2026 | +13.6% | +58.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARKK and DGXX good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ARKK and DGXX?
The ARKK/DGXX correlation stands at 0.46 on a 3-year window (1 year: 0.43, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is DGXX a good diversifier for ARKK?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/arkk-vs-dgxx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/arkk-vs-dgxx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARKK correlations · DGXX correlations
