DXYZ vs EVH: Correlation
Measured on weekly returns over the past three years, Destiny Tech100 Inc. (DXYZ) and Evolent Health, Inc (EVH) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DXYZ and EVH?
Over the past 3 years, DXYZ and EVH moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.16 versus -0.27 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -4305.4 %².
Among the 32 assets we track against DXYZ, EVH sits near the bottom by co-movement, at rank #28. Their recent paths diverged sharply: over the last 12 months DXYZ outperformed by 77.2 percentage points (+24.9% for DXYZ against -52.3% for EVH). Note the risk asymmetry: DXYZ runs 2.8 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.
DXYZ vs EVH: side by side
| DXYZ (Destiny Tech100 Inc.) | EVH (Evolent Health, Inc) | |
|---|---|---|
| 1-year return | +24.9% | -52.3% |
| 5-year return | n/a | -81.3% |
| Volatility (ann.) | 201.3% | 72.4% |
| Beta vs S&P 500 | 3.94 | 0.65 |
| Max drawdown (3Y) | -90.3% | -93.8% |
| Market cap | $1.1B | $0.5B |
| P/E (trailing) | 9.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DXYZ | EVH |
|---|---|---|
| 2022 | – | +1.5% |
| 2023 | – | +17.6% |
| 2024 | – | -65.9% |
| 2025 | -48.0% | -64.4% |
| 2026 | +15.6% | +14.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DXYZ and EVH good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DXYZ and EVH?
The DXYZ/EVH correlation stands at -0.27 on a 3-year window (1 year: 0.16, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is EVH a good diversifier for DXYZ?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
A reading of -0.27 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
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Related comparisons
Hubs: DXYZ correlations · EVH correlations
