CHD vs DCX: Correlation
Measured on weekly returns over the past three years, Church & Dwight (CHD) and Digital Currency X Technology Inc. - Class A (DCX) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHD and DCX?
On 3 years of weekly data the CHD/DCX correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.30) than the 3-year average (-0.19). The 5-year figure is -0.14, and annualized covariance runs at -560.0 %².
Among the 27 assets we track against CHD, DCX ranks #20 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CHD ahead by 111.5 points (+11.5% versus -100.0%). One caveat on sizing: DCX is 9.4 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.
CHD vs DCX: side by side
| CHD (Church & Dwight) | DCX (Digital Currency X Technology Inc. - Class A) | |
|---|---|---|
| 1-year return | +11.5% | -100.0% |
| 5-year return | +30.0% | -100.0% |
| Volatility (ann.) | 17.6% | 165.4% |
| Beta vs S&P 500 | 0.07 | 2.11 |
| Max drawdown (3Y) | -27.3% | -100.0% |
| Market cap | $24.3B | $0.3B |
| P/E (trailing) | 33.0 | 0.0 |
| Dividend yield | 1.17% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | CHD | DCX |
|---|---|---|
| 2022 | -20.4% | – |
| 2023 | +18.7% | -93.3% |
| 2024 | +12.0% | -89.0% |
| 2025 | -18.9% | -99.8% |
| 2026 | +23.2% | -83.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHD and DCX good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CHD and DCX?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.30 over the last year and -0.14 over 5 years.
Is DCX a good diversifier for CHD?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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.
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Related comparisons
Hubs: CHD correlations · DCX correlations
