ATO vs DCX: Correlation
How closely do Atmos Energy (ATO) and Digital Currency X Technology Inc. - Class A (DCX) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATO and DCX?
Over the past 3 years, ATO and DCX moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.39) runs below the 3-year figure (-0.21). Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -546.7 %².
By 3-year correlation, DCX places #24 of the 32 assets tracked against ATO. Correlation aside, the last 12 months split them widely, with ATO ahead by 102.9 points (+2.9% versus -100.0%). One caveat on sizing: DCX is 10.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ATO vs DCX: side by side
| ATO (Atmos Energy) | DCX (Digital Currency X Technology Inc. - Class A) | |
|---|---|---|
| 1-year return | +2.9% | -100.0% |
| 5-year return | +94.1% | -100.0% |
| Volatility (ann.) | 15.9% | 165.4% |
| Beta vs S&P 500 | 0.15 | 2.11 |
| Max drawdown (3Y) | -12.7% | -100.0% |
| Market cap | $28.3B | $0.3B |
| P/E (trailing) | 19.9 | 0.0 |
| Dividend yield | 2.28% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | ATO | DCX |
|---|---|---|
| 2022 | +9.6% | – |
| 2023 | +6.2% | -93.3% |
| 2024 | +23.4% | -89.0% |
| 2025 | +23.1% | -99.8% |
| 2026 | +1.5% | -83.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATO and DCX good diversifiers for each other?
Yes. With a correlation of -0.21, ATO and DCX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ATO and DCX?
As of 2026-08-27, the correlation of weekly returns between ATO and DCX is -0.21 over 3 years, -0.39 over 1 year and -0.14 over 5 years.
Is DCX a good diversifier for ATO?
Yes. With a correlation of -0.21, ATO and DCX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: ATO correlations · DCX correlations
