DXYZ vs SPY: Correlation
Destiny Tech100 Inc. (DXYZ) and SPDR S&P 500 ETF Trust (SPY) show a weak relationship: their 3-year correlation of weekly returns is 0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DXYZ and SPY?
Across a 3-year window, the weekly returns of DXYZ and SPY correlate at 0.27, weak. Recent behaviour matches the longer record: 0.26 over 1 year against 0.27 over 3. Stretching to 5 years gives n/a, with an annualized covariance of 823.1 %².
Within DXYZ's tracked universe of 32 assets, SPY comes in at #18 by 3-year correlation. Twelve-month performance is nearly a tie, at +24.9% for DXYZ and +20.6% for SPY. Risk is not evenly split, since DXYZ carries 13.9 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 SPY: side by side
| DXYZ (Destiny Tech100 Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +24.9% | +20.6% |
| 5-year return | n/a | +82.4% |
| Volatility (ann.) | 201.3% | 14.5% |
| Beta vs S&P 500 | 3.94 | 1.00 |
| Max drawdown (3Y) | -90.3% | -18.8% |
| Market cap | $1.1B | – |
| P/E (trailing) | 9.8 | – |
| Dividend yield | 0.00% | 1.01% |
| Expense ratio | – | 0.09% |
| Assets under management | – | $795.3B |
| Sector / category | US Listed | ETF · US Large Cap |
SPY is a Large Blend fund from State Street Investment Management: $795.3B under management, 504 holdings, a 0.09% expense ratio, a 1.01% trailing dividend yield.
Year-by-year returns
| Year | DXYZ | SPY |
|---|---|---|
| 2022 | – | -18.2% |
| 2023 | – | +26.2% |
| 2024 | – | +24.9% |
| 2025 | -48.0% | +17.7% |
| 2026 | +15.6% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DXYZ and SPY good diversifiers for each other?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DXYZ and SPY?
As of 2026-08-27, the correlation of weekly returns between DXYZ and SPY is 0.27 over 3 years, 0.26 over 1 year and n/a over 5 years.
Is SPY a good diversifier for DXYZ?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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.
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Related comparisons
Hubs: DXYZ correlations · SPY correlations
