DCX vs IONS: Correlation
How closely do Digital Currency X Technology Inc. - Class A (DCX) and Ionis Pharmaceuticals, Inc. (IONS) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DCX and IONS?
On 3 years of weekly data the DCX/IONS correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.49 versus -0.28 over 3 years. The 5-year figure is -0.22, and annualized covariance runs at -2093.1 %².
IONS is close to the least connected end of DCX's tracked universe, ranking #19 of 19. The last year tells two different stories: IONS led by 146.0 percentage points, -100.0% for DCX against +46.0% for IONS. Risk is not evenly split, since DCX carries 3.7 times the volatility of the other side.
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.
DCX vs IONS: side by side
| DCX (Digital Currency X Technology Inc. - Class A) | IONS (Ionis Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | -100.0% | +46.0% |
| 5-year return | -100.0% | +59.5% |
| Volatility (ann.) | 165.4% | 44.7% |
| Beta vs S&P 500 | 2.11 | 0.72 |
| Max drawdown (3Y) | -100.0% | -52.4% |
| Market cap | $0.3B | $10.4B |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DCX | IONS |
|---|---|---|
| 2022 | – | +24.1% |
| 2023 | -93.3% | +33.9% |
| 2024 | -89.0% | -30.9% |
| 2025 | -99.8% | +126.3% |
| 2026 | -83.3% | -21.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DCX and IONS good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DCX and IONS?
As of 2026-08-27, the correlation of weekly returns between DCX and IONS is -0.28 over 3 years, -0.49 over 1 year and -0.22 over 5 years.
Is IONS a good diversifier for DCX?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dcx-vs-ions.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dcx-vs-ions/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DCX correlations · IONS correlations
