DXYZ vs MAX: Correlation
Measured on weekly returns over the past three years, Destiny Tech100 Inc. (DXYZ) and MediaAlpha, Inc. (MAX) 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 MAX?
On 3 years of weekly data the DXYZ/MAX correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.02 versus -0.27 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -3167.1 %².
MAX is close to the least connected end of DXYZ's tracked universe, ranking #29 of 32. Neither side won the trailing year by much: +24.9% against +21.2%. 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.
DXYZ vs MAX: side by side
| DXYZ (Destiny Tech100 Inc.) | MAX (MediaAlpha, Inc.) | |
|---|---|---|
| 1-year return | +24.9% | +21.2% |
| 5-year return | n/a | -44.3% |
| Volatility (ann.) | 201.3% | 58.2% |
| Beta vs S&P 500 | 3.94 | 0.96 |
| Max drawdown (3Y) | -90.3% | -67.7% |
| Market cap | $1.1B | $0.7B |
| P/E (trailing) | 9.8 | 7.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DXYZ | MAX |
|---|---|---|
| 2022 | – | -35.6% |
| 2023 | – | +12.1% |
| 2024 | – | +1.3% |
| 2025 | -48.0% | +14.7% |
| 2026 | +15.6% | -2.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DXYZ and MAX good diversifiers for each other?
Yes. With a correlation of -0.27, DXYZ and MAX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DXYZ and MAX?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with 0.02 over the last year and n/a over 5 years.
Is MAX a good diversifier for DXYZ?
Yes. With a correlation of -0.27, DXYZ and MAX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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
$ curl https://www.pairbook.io/api/v1/pairs/dxyz-vs-max.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dxyz-vs-max/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DXYZ correlations · MAX correlations
