AVNW vs DXYZ: Correlation
Aviat Networks, Inc. (AVNW) and Destiny Tech100 Inc. (DXYZ) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVNW and DXYZ?
On 3 years of weekly data the AVNW/DXYZ correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.24 over 1 year against -0.28 over 3. The 5-year figure is n/a, and annualized covariance runs at -2898.7 %².
Among the 13 assets we track against AVNW, DXYZ sits near the bottom by co-movement, at rank #13. Correlation aside, the last 12 months split them widely, with DXYZ ahead by 31.5 points (-6.6% versus +24.9%). Risk is not evenly split, since DXYZ carries 4.0 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.
AVNW vs DXYZ: side by side
| AVNW (Aviat Networks, Inc.) | DXYZ (Destiny Tech100 Inc.) | |
|---|---|---|
| 1-year return | -6.6% | +24.9% |
| 5-year return | -39.7% | n/a |
| Volatility (ann.) | 50.7% | 201.3% |
| Beta vs S&P 500 | 0.79 | 3.94 |
| Max drawdown (3Y) | -64.3% | -90.3% |
| Market cap | $0.3B | $1.1B |
| P/E (trailing) | 31.1 | 9.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVNW | DXYZ |
|---|---|---|
| 2022 | -2.8% | – |
| 2023 | +4.7% | – |
| 2024 | -44.5% | – |
| 2025 | +18.1% | -48.0% |
| 2026 | +0.3% | +15.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVNW and DXYZ good diversifiers for each other?
Yes. With a correlation of -0.28, AVNW and DXYZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AVNW and DXYZ?
The AVNW/DXYZ correlation stands at -0.28 on a 3-year window (1 year: -0.24, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is DXYZ a good diversifier for AVNW?
Yes. With a correlation of -0.28, AVNW and DXYZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
A reading of -0.28 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AVNW correlations · DXYZ correlations
