DCX vs MLYS: Correlation
How closely do Digital Currency X Technology Inc. - Class A (DCX) and Mineralys Therapeutics, Inc. (MLYS) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DCX and MLYS?
On 3 years of weekly data the DCX/MLYS correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.36) than the 3-year average (-0.22). The 5-year figure is n/a, and annualized covariance runs at -3404.5 %².
MLYS is close to the least connected end of DCX's tracked universe, ranking #16 of 19. Their recent paths diverged sharply: over the last 12 months MLYS outperformed by 171.0 percentage points (-100.0% for DCX against +71.0% for MLYS). Note the risk asymmetry: DCX runs 1.7 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.
DCX vs MLYS: side by side
| DCX (Digital Currency X Technology Inc. - Class A) | MLYS (Mineralys Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -100.0% | +71.0% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 165.4% | 95.4% |
| Beta vs S&P 500 | 2.11 | 1.54 |
| Max drawdown (3Y) | -100.0% | -54.0% |
| Market cap | $0.3B | $2.3B |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DCX | MLYS |
|---|---|---|
| 2023 | -93.3% | – |
| 2024 | -89.0% | +43.1% |
| 2025 | -99.8% | +194.8% |
| 2026 | -83.3% | -28.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DCX and MLYS good diversifiers for each other?
Yes. With a correlation of -0.22, DCX and MLYS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DCX and MLYS?
As of 2026-08-27, the correlation of weekly returns between DCX and MLYS is -0.22 over 3 years, -0.36 over 1 year and n/a over 5 years.
Is MLYS a good diversifier for DCX?
Yes. With a correlation of -0.22, DCX and MLYS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dcx-vs-mlys.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dcx-vs-mlys/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DCX correlations · MLYS correlations
