DXYZ vs SMG: Correlation
Measured on weekly returns over the past three years, Destiny Tech100 Inc. (DXYZ) and Scotts Miracle-Gro Company (The) (SMG) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DXYZ and SMG?
Over the past 3 years, DXYZ and SMG moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.00) than the 3-year average (-0.21). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1533.3 %².
By 3-year correlation, SMG places #20 of the 32 assets tracked against DXYZ. Their recent paths diverged sharply: over the last 12 months DXYZ outperformed by 23.1 percentage points (+24.9% for DXYZ against +1.8% for SMG). Note the risk asymmetry: DXYZ runs 5.2 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 SMG: side by side
| DXYZ (Destiny Tech100 Inc.) | SMG (Scotts Miracle-Gro Company (The)) | |
|---|---|---|
| 1-year return | +24.9% | +1.8% |
| 5-year return | n/a | -53.4% |
| Volatility (ann.) | 201.3% | 38.9% |
| Beta vs S&P 500 | 3.94 | 0.76 |
| Max drawdown (3Y) | -90.3% | -47.4% |
| Market cap | $1.1B | $3.5B |
| P/E (trailing) | 9.8 | 23.4 |
| Dividend yield | 0.00% | 4.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DXYZ | SMG |
|---|---|---|
| 2022 | – | -68.8% |
| 2023 | – | +36.9% |
| 2024 | – | +8.3% |
| 2025 | -48.0% | -8.0% |
| 2026 | +15.6% | +7.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DXYZ and SMG good diversifiers for each other?
Yes. With a correlation of -0.21, DXYZ and SMG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DXYZ and SMG?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with 0.00 over the last year and n/a over 5 years.
Is SMG a good diversifier for DXYZ?
Yes. With a correlation of -0.21, DXYZ and SMG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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-smg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dxyz-vs-smg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DXYZ correlations · SMG correlations
