DHC vs DXYZ: Correlation
Diversified Healthcare Trust (DHC) and Destiny Tech100 Inc. (DXYZ) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DHC and DXYZ?
Across a 3-year window, the weekly returns of DHC and DXYZ correlate at -0.21, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.03) runs above the 3-year figure (-0.21). Stretching to 5 years gives n/a, with an annualized covariance of -2101.3 %².
Out of 11 assets tracked against DHC, DXYZ lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months DHC outperformed by 83.0 percentage points (+107.9% for DHC against +24.9% for DXYZ). One caveat on sizing: DXYZ is 3.5 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.
DHC vs DXYZ: side by side
| DHC (Diversified Healthcare Trust) | DXYZ (Destiny Tech100 Inc.) | |
|---|---|---|
| 1-year return | +107.9% | +24.9% |
| 5-year return | +129.1% | n/a |
| Volatility (ann.) | 57.3% | 201.3% |
| Beta vs S&P 500 | 0.54 | 3.94 |
| Max drawdown (3Y) | -51.2% | -90.3% |
| Market cap | $1.9B | $1.1B |
| P/E (trailing) | – | 9.8 |
| Dividend yield | 0.50% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DHC | DXYZ |
|---|---|---|
| 2022 | -78.5% | – |
| 2023 | +494.7% | – |
| 2024 | -37.6% | – |
| 2025 | +113.9% | -48.0% |
| 2026 | +62.5% | +15.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DHC and DXYZ good diversifiers for each other?
Yes. With a correlation of -0.21, DHC and DXYZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DHC and DXYZ?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.03 over the last year and n/a over 5 years.
Is DXYZ a good diversifier for DHC?
Yes. With a correlation of -0.21, DHC and DXYZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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: DHC correlations · DXYZ correlations
