DGXX vs RIOT: Correlation
Measured on weekly returns over the past three years, Digi Power X Inc. - Common Subordinate Voting Shares (DGXX) and Riot Platforms, Inc. (RIOT) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DGXX and RIOT?
Over the past 3 years, DGXX and RIOT moved with a correlation of 0.52, which is moderate. The relationship has been stable: the 1-year correlation (0.58) sits close to the 3-year figure. Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 5008.4 %².
In DGXX's tracked universe of 11 assets, RIOT sits right near the top at #2. Correlation aside, the last 12 months split them widely, with DGXX ahead by 25.0 points (+79.1% versus +54.1%).
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 RIOT: side by side
| DGXX (Digi Power X Inc. - Common Subordinate Voting Shares) | RIOT (Riot Platforms, Inc.) | |
|---|---|---|
| 1-year return | +79.1% | +54.1% |
| 5-year return | -21.0% | -44.6% |
| Volatility (ann.) | 116.4% | 82.3% |
| Beta vs S&P 500 | 2.42 | 2.40 |
| Max drawdown (3Y) | -75.9% | -66.2% |
| Market cap | $0.4B | $7.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DGXX | RIOT |
|---|---|---|
| 2022 | -92.2% | -84.8% |
| 2023 | +536.1% | +356.3% |
| 2024 | -34.5% | -34.0% |
| 2025 | +70.0% | +24.1% |
| 2026 | +58.0% | +64.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DGXX and RIOT good diversifiers for each other?
Only partially. A correlation of 0.52 means DGXX and RIOT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between DGXX and RIOT?
As of 2026-08-27, the correlation of weekly returns between DGXX and RIOT is 0.52 over 3 years, 0.58 over 1 year and 0.56 over 5 years.
Is RIOT a good diversifier for DGXX?
Only partially. A correlation of 0.52 means DGXX and RIOT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
A reading of 0.52 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/dgxx-vs-riot.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dgxx-vs-riot/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DGXX correlations · RIOT correlations
