CXW vs DXYZ: Correlation
Measured on weekly returns over the past three years, CoreCivic, Inc. (CXW) and Destiny Tech100 Inc. (DXYZ) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CXW and DXYZ?
Over the past 3 years, CXW and DXYZ moved with a correlation of 0.56, which is moderate. Lately the two have drifted apart, with the 1-year correlation at -0.13 versus 0.56 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 6530.7 %².
Few assets follow CXW as closely as DXYZ, which ranks #3 of 12 tracked partners. Correlation aside, the last 12 months split them widely, with CXW ahead by 39.6 points (+64.5% versus +24.9%). Note the risk asymmetry: DXYZ runs 3.8 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.
CXW vs DXYZ: side by side
| CXW (CoreCivic, Inc.) | DXYZ (Destiny Tech100 Inc.) | |
|---|---|---|
| 1-year return | +64.5% | +24.9% |
| 5-year return | +251.2% | n/a |
| Volatility (ann.) | 53.5% | 201.3% |
| Beta vs S&P 500 | 0.94 | 3.94 |
| Max drawdown (3Y) | -32.6% | -90.3% |
| Market cap | $3.3B | $1.1B |
| P/E (trailing) | 27.0 | 9.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CXW | DXYZ |
|---|---|---|
| 2022 | +15.9% | – |
| 2023 | +25.7% | – |
| 2024 | +49.6% | – |
| 2025 | -12.1% | -48.0% |
| 2026 | +76.8% | +15.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CXW and DXYZ good diversifiers for each other?
Only partially. A correlation of 0.56 means CXW and DXYZ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CXW and DXYZ?
As of 2026-08-27, the correlation of weekly returns between CXW and DXYZ is 0.56 over 3 years, -0.13 over 1 year and n/a over 5 years.
Is DXYZ a good diversifier for CXW?
Only partially. A correlation of 0.56 means CXW and DXYZ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 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/cxw-vs-dxyz.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cxw-vs-dxyz/)
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Related comparisons
Hubs: CXW correlations · DXYZ correlations
