DXYZ vs HASI: Correlation
Destiny Tech100 Inc. (DXYZ) and HA Sustainable Infrastructure Capital, Inc. (HASI) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DXYZ and HASI?
Over the past 3 years, DXYZ and HASI moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.10) than the 3-year average (-0.22). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1594.6 %².
Within DXYZ's tracked universe of 32 assets, HASI comes in at #23 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HASI outperformed by 26.1 percentage points (+24.9% for DXYZ against +51.0% for HASI). One caveat on sizing: DXYZ is 4.2 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.
DXYZ vs HASI: side by side
| DXYZ (Destiny Tech100 Inc.) | HASI (HA Sustainable Infrastructure Capital, Inc.) | |
|---|---|---|
| 1-year return | +24.9% | +51.0% |
| 5-year return | n/a | -13.8% |
| Volatility (ann.) | 201.3% | 48.0% |
| Beta vs S&P 500 | 3.94 | 0.84 |
| Max drawdown (3Y) | -90.3% | -41.4% |
| Market cap | $1.1B | $5.2B |
| P/E (trailing) | 9.8 | 62.0 |
| Dividend yield | 0.00% | 4.22% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DXYZ | HASI |
|---|---|---|
| 2022 | – | -43.0% |
| 2023 | – | +1.5% |
| 2024 | – | +3.0% |
| 2025 | -48.0% | +23.9% |
| 2026 | +15.6% | +31.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DXYZ and HASI good diversifiers for each other?
Yes. With a correlation of -0.22, DXYZ and HASI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DXYZ and HASI?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.10 over the last year and n/a over 5 years.
Is HASI a good diversifier for DXYZ?
Yes. With a correlation of -0.22, DXYZ and HASI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
A reading of -0.22 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/dxyz-vs-hasi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dxyz-vs-hasi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DXYZ correlations · HASI correlations
