DXYZ vs TNGX: Correlation
Measured on weekly returns over the past three years, Destiny Tech100 Inc. (DXYZ) and Tango Therapeutics, Inc. (TNGX) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DXYZ and TNGX?
Across a 3-year window, the weekly returns of DXYZ and TNGX correlate at -0.24, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.18) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -5602.7 %².
Among the 32 assets we track against DXYZ, TNGX ranks #25 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TNGX ahead by 241.5 points (+24.9% versus +266.4%). One caveat on sizing: DXYZ is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 TNGX: side by side
| DXYZ (Destiny Tech100 Inc.) | TNGX (Tango Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +24.9% | +266.4% |
| 5-year return | n/a | +112.1% |
| Volatility (ann.) | 201.3% | 109.5% |
| Beta vs S&P 500 | 3.94 | 1.01 |
| Max drawdown (3Y) | -90.3% | -91.5% |
| Market cap | $1.1B | $4.3B |
| P/E (trailing) | 9.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DXYZ | TNGX |
|---|---|---|
| 2022 | – | -33.7% |
| 2023 | – | +36.6% |
| 2024 | – | -68.8% |
| 2025 | -48.0% | +186.7% |
| 2026 | +15.6% | +185.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DXYZ and TNGX good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DXYZ and TNGX?
As of 2026-08-27, the correlation of weekly returns between DXYZ and TNGX is -0.24 over 3 years, -0.18 over 1 year and n/a over 5 years.
Is TNGX a good diversifier for DXYZ?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 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-tngx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dxyz-vs-tngx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DXYZ correlations · TNGX correlations
