DGXX vs GIFT: Correlation
Digi Power X Inc. - Common Subordinate Voting Shares (DGXX) and Giftify, Inc. (GIFT) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DGXX and GIFT?
Over the past 3 years, DGXX and GIFT moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.09) runs above the 3-year figure (-0.20). Over 5 years the correlation is -0.07, and the annualized covariance of weekly returns is -1635.4 %².
GIFT is close to the least connected end of DGXX's tracked universe, ranking #10 of 11. The last year tells two different stories: DGXX led by 99.1 percentage points, +79.1% for DGXX against -20.0% for GIFT. Note the risk asymmetry: DGXX 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.
DGXX vs GIFT: side by side
| DGXX (Digi Power X Inc. - Common Subordinate Voting Shares) | GIFT (Giftify, Inc.) | |
|---|---|---|
| 1-year return | +79.1% | -20.0% |
| 5-year return | -21.0% | -65.3% |
| Volatility (ann.) | 116.4% | 70.2% |
| Beta vs S&P 500 | 2.42 | 0.42 |
| Max drawdown (3Y) | -75.9% | -83.5% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DGXX | GIFT |
|---|---|---|
| 2022 | -92.2% | +135.8% |
| 2023 | +536.1% | +182.7% |
| 2024 | -34.5% | -72.7% |
| 2025 | +70.0% | +0.9% |
| 2026 | +58.0% | -25.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DGXX and GIFT good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DGXX and GIFT?
As of 2026-08-27, the correlation of weekly returns between DGXX and GIFT is -0.20 over 3 years, -0.09 over 1 year and -0.07 over 5 years.
Is GIFT a good diversifier for DGXX?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 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.
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Related comparisons
Hubs: DGXX correlations · GIFT correlations
