CE vs DXYZ: Correlation
How closely do Celanese Corporation (CE) and Destiny Tech100 Inc. (DXYZ) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CE and DXYZ?
Across a 3-year window, the weekly returns of CE and DXYZ correlate at -0.27, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.13 versus -0.27 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -2889.8 %².
DXYZ is close to the least connected end of CE's tracked universe, ranking #12 of 14. Their recent paths diverged sharply: over the last 12 months DXYZ outperformed by 29.5 percentage points (-4.6% for CE against +24.9% for DXYZ). Note the risk asymmetry: DXYZ runs 4.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CE vs DXYZ: side by side
| CE (Celanese Corporation) | DXYZ (Destiny Tech100 Inc.) | |
|---|---|---|
| 1-year return | -4.6% | +24.9% |
| 5-year return | -69.7% | n/a |
| Volatility (ann.) | 49.7% | 201.3% |
| Beta vs S&P 500 | 0.79 | 3.94 |
| Max drawdown (3Y) | -79.0% | -90.3% |
| Market cap | $4.9B | $1.1B |
| P/E (trailing) | – | 9.8 |
| Dividend yield | 0.27% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CE | DXYZ |
|---|---|---|
| 2022 | -37.8% | – |
| 2023 | +55.7% | – |
| 2024 | -54.6% | – |
| 2025 | -38.8% | -48.0% |
| 2026 | +6.3% | +15.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CE and DXYZ good diversifiers for each other?
Yes. With a correlation of -0.27, CE and DXYZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CE and DXYZ?
The CE/DXYZ correlation stands at -0.27 on a 3-year window (1 year: -0.13, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is DXYZ a good diversifier for CE?
Yes. With a correlation of -0.27, CE and DXYZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ce-vs-dxyz.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: CE correlations · DXYZ correlations
