DXYZ vs MDIA: Correlation
How closely do Destiny Tech100 Inc. (DXYZ) and Mediaco Holding Inc. (MDIA) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DXYZ and MDIA?
On 3 years of weekly data the DXYZ/MDIA correlation comes out at 0.43, moderate. The past 12 months show a weaker link (0.08) than the 3-year average (0.43). The 5-year figure is n/a, and annualized covariance runs at 37577.6 %².
Among the 32 assets we track against DXYZ, MDIA ranks #10 by 3-year correlation. The last year tells two different stories: DXYZ led by 45.5 percentage points, +24.9% for DXYZ against -20.6% for MDIA. Note the risk asymmetry: MDIA runs 1.9 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 MDIA: side by side
| DXYZ (Destiny Tech100 Inc.) | MDIA (Mediaco Holding Inc.) | |
|---|---|---|
| 1-year return | +24.9% | -20.6% |
| 5-year return | n/a | -89.6% |
| Volatility (ann.) | 201.3% | 389.4% |
| Beta vs S&P 500 | 3.94 | -0.94 |
| Max drawdown (3Y) | -90.3% | -90.2% |
| Market cap | $1.1B | $0.1B |
| P/E (trailing) | 9.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DXYZ | MDIA |
|---|---|---|
| 2022 | – | -78.5% |
| 2023 | – | -62.6% |
| 2024 | – | +165.1% |
| 2025 | -48.0% | -49.1% |
| 2026 | +15.6% | +79.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DXYZ and MDIA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DXYZ and MDIA?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.08 over the last year and n/a over 5 years.
Is MDIA a good diversifier for DXYZ?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: DXYZ correlations · MDIA correlations
