CIFR vs DGXX: Correlation
Measured on weekly returns over the past three years, Cipher Digital Inc. (CIFR) and Digi Power X Inc. - Common Subordinate Voting Shares (DGXX) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CIFR and DGXX?
Over the past 3 years, CIFR and DGXX moved with a correlation of 0.47, which is moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 6299.5 %².
Within CIFR's tracked universe of 18 assets, DGXX comes in at #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CIFR outperformed by 60.8 percentage points (+139.9% for CIFR against +79.1% for DGXX).
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.
CIFR vs DGXX: side by side
| CIFR (Cipher Digital Inc.) | DGXX (Digi Power X Inc. - Common Subordinate Voting Shares) | |
|---|---|---|
| 1-year return | +139.9% | +79.1% |
| 5-year return | +63.3% | -21.0% |
| Volatility (ann.) | 114.3% | 116.4% |
| Beta vs S&P 500 | 2.86 | 2.42 |
| Max drawdown (3Y) | -71.7% | -75.9% |
| Market cap | $7.0B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CIFR | DGXX |
|---|---|---|
| 2022 | -87.9% | -92.2% |
| 2023 | +637.5% | +536.1% |
| 2024 | +12.3% | -34.5% |
| 2025 | +218.1% | +70.0% |
| 2026 | +13.6% | +58.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIFR and DGXX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CIFR and DGXX?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.48 over the last year and 0.54 over 5 years.
Is DGXX a good diversifier for CIFR?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 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/cifr-vs-dgxx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cifr-vs-dgxx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CIFR correlations · DGXX correlations
