ASTC vs DGZ: Correlation
How closely do Astrotech Corporation (ASTC) and DB Gold Short ETN due February 15, 2038 (DGZ) trade together? Their weekly returns over three years give a correlation of 0.24, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASTC and DGZ?
Across a 3-year window, the weekly returns of ASTC and DGZ correlate at 0.24, weak. The relationship has been stable: the 1-year correlation (0.29) sits close to the 3-year figure. Stretching to 5 years gives 0.22, with an annualized covariance of 8257.2 %².
Within ASTC's tracked universe of 47 assets, DGZ comes in at #21 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ASTC ahead by 64.1 points (+37.5% versus -26.6%). Risk is not evenly split, since ASTC carries 42.6 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.
ASTC vs DGZ: side by side
| ASTC (Astrotech Corporation) | DGZ (DB Gold Short ETN due February 15, 2038) | |
|---|---|---|
| 1-year return | +37.5% | -26.6% |
| 5-year return | -78.4% | -50.3% |
| Volatility (ann.) | 1206.9% | 28.3% |
| Beta vs S&P 500 | 4.81 | -0.18 |
| Max drawdown (3Y) | -87.5% | -59.5% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASTC | DGZ |
|---|---|---|
| 2022 | -51.0% | +4.9% |
| 2023 | -15.0% | -4.7% |
| 2024 | -20.8% | -16.5% |
| 2025 | -48.5% | -32.5% |
| 2026 | +105.8% | -10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASTC and DGZ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ASTC and DGZ?
Using weekly returns as of 2026-08-27: 0.24 over 3 years, with 0.29 over the last year and 0.22 over 5 years.
Is DGZ a good diversifier for ASTC?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.24 mean?
A reading of 0.24 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/astc-vs-dgz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/astc-vs-dgz/)
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Related comparisons
Hubs: ASTC correlations · DGZ correlations
