DBX vs DTSS: Correlation
Dropbox, Inc. (DBX) and Datasea Intelligent Technology Ltd. - Class A (DTSS) show a negative relationship: their 3-year correlation of weekly returns is -0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DBX and DTSS?
Over the past 3 years, DBX and DTSS moved with a correlation of -0.34, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.07) runs above the 3-year figure (-0.34). Over 5 years the correlation is -0.23, and the annualized covariance of weekly returns is -2302.7 %².
Out of 18 assets tracked against DBX, DTSS lands near the bottom at #16. The last year tells two different stories: DBX led by 91.0 percentage points, +24.5% for DBX against -66.5% for DTSS. One caveat on sizing: DTSS is 6.3 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.
DBX vs DTSS: side by side
| DBX (Dropbox, Inc.) | DTSS (Datasea Intelligent Technology Ltd. - Class A) | |
|---|---|---|
| 1-year return | +24.5% | -66.5% |
| 5-year return | +14.9% | -97.7% |
| Volatility (ann.) | 32.7% | 206.7% |
| Beta vs S&P 500 | 0.86 | 1.21 |
| Max drawdown (3Y) | -37.4% | -93.3% |
| Market cap | $7.8B | – |
| P/E (trailing) | 19.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DBX | DTSS |
|---|---|---|
| 2022 | -8.8% | -3.8% |
| 2023 | +31.7% | -84.3% |
| 2024 | +1.9% | -35.0% |
| 2025 | -7.5% | -71.4% |
| 2026 | +29.1% | +10.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DBX and DTSS good diversifiers for each other?
Yes. With a correlation of -0.34, DBX and DTSS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DBX and DTSS?
Using weekly returns as of 2026-08-27: -0.34 over 3 years, with 0.07 over the last year and -0.23 over 5 years.
Is DTSS a good diversifier for DBX?
Yes. With a correlation of -0.34, DBX and DTSS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.34 mean?
On the −1 to +1 scale, -0.34 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: DBX correlations · DTSS correlations
