DXYZ vs TE: Correlation
Measured on weekly returns over the past three years, Destiny Tech100 Inc. (DXYZ) and T1 Energy Inc. (TE) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DXYZ and TE?
On 3 years of weekly data the DXYZ/TE correlation comes out at 0.47, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.20 versus 0.47 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 12487.2 %².
Within DXYZ's tracked universe of 32 assets, TE comes in at #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TE outperformed by 189.0 percentage points (+24.9% for DXYZ against +213.9% for TE). Note the risk asymmetry: DXYZ runs 1.6 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 TE: side by side
| DXYZ (Destiny Tech100 Inc.) | TE (T1 Energy Inc.) | |
|---|---|---|
| 1-year return | +24.9% | +213.9% |
| 5-year return | n/a | -44.5% |
| Volatility (ann.) | 201.3% | 127.8% |
| Beta vs S&P 500 | 3.94 | 2.71 |
| Max drawdown (3Y) | -90.3% | -85.5% |
| Market cap | $1.1B | $1.5B |
| P/E (trailing) | 9.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DXYZ | TE |
|---|---|---|
| 2022 | – | -22.4% |
| 2023 | – | -78.5% |
| 2024 | – | +38.0% |
| 2025 | -48.0% | +158.9% |
| 2026 | +15.6% | -25.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DXYZ and TE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DXYZ and TE?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.20 over the last year and n/a over 5 years.
Is TE a good diversifier for DXYZ?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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-te.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dxyz-vs-te/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DXYZ correlations · TE correlations
