DXYZ vs XRAY: Correlation
Destiny Tech100 Inc. (DXYZ) and DENTSPLY SIRONA Inc. (XRAY) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DXYZ and XRAY?
Over the past 3 years, DXYZ and XRAY moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.03 versus -0.21 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1782.3 %².
Among the 32 assets we track against DXYZ, XRAY ranks #21 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DXYZ outperformed by 45.7 percentage points (+24.9% for DXYZ against -20.8% for XRAY). Risk is not evenly split, since DXYZ carries 5.1 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 XRAY: side by side
| DXYZ (Destiny Tech100 Inc.) | XRAY (DENTSPLY SIRONA Inc.) | |
|---|---|---|
| 1-year return | +24.9% | -20.8% |
| 5-year return | n/a | -80.0% |
| Volatility (ann.) | 201.3% | 39.4% |
| Beta vs S&P 500 | 3.94 | 0.54 |
| Max drawdown (3Y) | -90.3% | -72.3% |
| Market cap | $1.1B | $2.2B |
| P/E (trailing) | 9.8 | – |
| Dividend yield | 0.00% | 2.93% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DXYZ | XRAY |
|---|---|---|
| 2022 | – | -42.1% |
| 2023 | – | +13.5% |
| 2024 | – | -45.3% |
| 2025 | -48.0% | -36.8% |
| 2026 | +15.6% | -3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DXYZ and XRAY good diversifiers for each other?
Yes. With a correlation of -0.21, DXYZ and XRAY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DXYZ and XRAY?
As of 2026-08-27, the correlation of weekly returns between DXYZ and XRAY is -0.21 over 3 years, 0.03 over 1 year and n/a over 5 years.
Is XRAY a good diversifier for DXYZ?
Yes. With a correlation of -0.21, DXYZ and XRAY 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-xray.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dxyz-vs-xray/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DXYZ correlations · XRAY correlations
