DXR vs RAND: Correlation
Measured on weekly returns over the past three years, Daxor Corporation - Closed End Fund (DXR) and Rand Capital Corporation - Closed End Fund (RAND) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DXR and RAND?
On 3 years of weekly data the DXR/RAND correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.26 over 1 year against -0.21 over 3. The 5-year figure is -0.12, and annualized covariance runs at -328.2 %².
Out of 10 assets tracked against DXR, RAND lands near the bottom at #8. On 12-month performance DXR holds a 7.0-point edge, -14.7% against -21.7%.
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.
DXR vs RAND: side by side
| DXR (Daxor Corporation - Closed End Fund) | RAND (Rand Capital Corporation - Closed End Fund) | |
|---|---|---|
| 1-year return | -14.7% | -21.7% |
| 5-year return | +1.8% | +9.9% |
| Volatility (ann.) | 39.6% | 38.7% |
| Beta vs S&P 500 | 0.48 | -0.01 |
| Max drawdown (3Y) | -39.9% | -60.1% |
| Market cap | $0.1B | – |
| P/E (trailing) | 6.1 | – |
| Dividend yield | 0.00% | 10.33% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DXR | RAND |
|---|---|---|
| 2022 | -18.9% | -17.0% |
| 2023 | +4.8% | +7.5% |
| 2024 | -19.9% | +91.4% |
| 2025 | +91.8% | -34.8% |
| 2026 | -34.4% | +2.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DXR and RAND good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between DXR and RAND?
The DXR/RAND correlation stands at -0.21 on a 3-year window (1 year: -0.26, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is RAND a good diversifier for DXR?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
A reading of -0.21 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/dxr-vs-rand.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dxr-vs-rand/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DXR correlations · RAND correlations
