DXYZ vs NEOV: Correlation
Destiny Tech100 Inc. (DXYZ) and NeoVolta Inc. (NEOV) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DXYZ and NEOV?
Over the past 3 years, DXYZ and NEOV moved with a correlation of 0.35, which is moderate. The past 12 months show a weaker link (0.16) than the 3-year average (0.35). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 8291.1 %².
Within DXYZ's tracked universe of 32 assets, NEOV comes in at #14 by 3-year correlation. The last year tells two different stories: DXYZ led by 23.5 percentage points, +24.9% for DXYZ against +1.4% for NEOV. Risk is not evenly split, since DXYZ carries 1.8 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 NEOV: side by side
| DXYZ (Destiny Tech100 Inc.) | NEOV (NeoVolta Inc.) | |
|---|---|---|
| 1-year return | +24.9% | +1.4% |
| 5-year return | n/a | -45.4% |
| Volatility (ann.) | 201.3% | 111.0% |
| Beta vs S&P 500 | 3.94 | 1.32 |
| Max drawdown (3Y) | -90.3% | -79.4% |
| Market cap | $1.1B | $0.2B |
| P/E (trailing) | 9.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DXYZ | NEOV |
|---|---|---|
| 2022 | – | -60.2% |
| 2023 | – | -42.7% |
| 2024 | – | +225.6% |
| 2025 | -48.0% | -41.7% |
| 2026 | +15.6% | +16.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DXYZ and NEOV good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DXYZ and NEOV?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.16 over the last year and n/a over 5 years.
Is NEOV a good diversifier for DXYZ?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dxyz-vs-neov.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dxyz-vs-neov/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DXYZ correlations · NEOV correlations
