DXYZ vs INOD: Correlation
How closely do Destiny Tech100 Inc. (DXYZ) and Innodata Inc. (INOD) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DXYZ and INOD?
Over the past 3 years, DXYZ and INOD moved with a correlation of 0.51, which is moderate. The past 12 months show a weaker link (0.40) than the 3-year average (0.51). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 13126.9 %².
Within DXYZ's tracked universe of 32 assets, INOD comes in at #4 by 3-year correlation. The last year tells two different stories: INOD led by 26.7 percentage points, +24.9% for DXYZ against +51.6% for INOD. Risk is not evenly split, since DXYZ carries 1.6 times the volatility of the other side.
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 INOD: side by side
| DXYZ (Destiny Tech100 Inc.) | INOD (Innodata Inc.) | |
|---|---|---|
| 1-year return | +24.9% | +51.6% |
| 5-year return | n/a | +620.6% |
| Volatility (ann.) | 201.3% | 122.9% |
| Beta vs S&P 500 | 3.94 | 3.71 |
| Max drawdown (3Y) | -90.3% | -63.0% |
| Market cap | $1.1B | $2.0B |
| P/E (trailing) | 9.8 | 43.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DXYZ | INOD |
|---|---|---|
| 2022 | – | -49.8% |
| 2023 | – | +174.1% |
| 2024 | – | +385.5% |
| 2025 | -48.0% | +28.9% |
| 2026 | +15.6% | +16.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DXYZ and INOD good diversifiers for each other?
Only partially. A correlation of 0.51 means DXYZ and INOD 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 DXYZ and INOD?
The DXYZ/INOD correlation stands at 0.51 on a 3-year window (1 year: 0.40, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is INOD a good diversifier for DXYZ?
Only partially. A correlation of 0.51 means DXYZ and INOD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dxyz-vs-inod.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dxyz-vs-inod/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DXYZ correlations · INOD correlations
