DCX vs SPY: Correlation
Measured on weekly returns over the past three years, Digital Currency X Technology Inc. - Class A (DCX) and SPDR S&P 500 ETF Trust (SPY) carry a correlation of 0.18, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DCX and SPY?
Across a 3-year window, the weekly returns of DCX and SPY correlate at 0.18, weak. The relationship has been stable: the 1-year correlation (0.21) sits close to the 3-year figure. Stretching to 5 years gives 0.11, with an annualized covariance of 439.8 %².
Among the 19 assets we track against DCX, SPY ranks #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 120.6 percentage points (-100.0% for DCX against +20.6% for SPY). One caveat on sizing: DCX is 11.4 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.
DCX vs SPY: side by side
| DCX (Digital Currency X Technology Inc. - Class A) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -100.0% | +20.6% |
| 5-year return | -100.0% | +82.4% |
| Volatility (ann.) | 165.4% | 14.5% |
| Beta vs S&P 500 | 2.11 | 1.00 |
| Max drawdown (3Y) | -100.0% | -18.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 1.01% |
| Expense ratio | – | 0.09% |
| Assets under management | – | $795.3B |
| Sector / category | US Listed | ETF · US Large Cap |
SPY is a Large Blend fund from State Street Investment Management: $795.3B under management, 504 holdings, a 0.09% expense ratio, a 1.01% trailing dividend yield.
Year-by-year returns
| Year | DCX | SPY |
|---|---|---|
| 2022 | – | -18.2% |
| 2023 | -93.3% | +26.2% |
| 2024 | -89.0% | +24.9% |
| 2025 | -99.8% | +17.7% |
| 2026 | -83.3% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DCX and SPY good diversifiers for each other?
By historical standards, yes. A correlation of 0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between DCX and SPY?
The DCX/SPY correlation stands at 0.18 on a 3-year window (1 year: 0.21, 5 years: 0.11), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for DCX?
By historical standards, yes. A correlation of 0.18 means the two rarely move for the same reasons.
What does a correlation of 0.18 mean?
On the −1 to +1 scale, 0.18 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: DCX correlations · SPY correlations
