DXYZ vs. SPY
DXYZ (Destiny Tech100 Inc) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past year, DXYZ returned -32.82% vs 23.59% for SPY. At a 0.42 correlation, their price movements are largely independent.
Performance
DXYZ vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, DXYZ achieves a -13.52% return, which is significantly lower than SPY's 8.15% return.
DXYZ
- 1D
- -1.41%
- 1M
- -60.25%
- YTD
- -13.52%
- 6M
- -16.85%
- 1Y
- -32.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPY
- 1D
- -1.45%
- 1M
- -1.36%
- YTD
- 8.15%
- 6M
- 7.20%
- 1Y
- 23.59%
- 3Y*
- 20.68%
- 5Y*
- 13.05%
- 10Y*
- 15.53%
DXYZ vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DXYZ Destiny Tech100 Inc | -13.52% | -47.96% | 613.45% |
SPY State Street SPDR S&P 500 ETF | 8.15% | 17.72% | 13.85% |
Correlation
The correlation between DXYZ and SPY is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2024 | 0.42 |
The correlation between DXYZ and SPY shifts across timeframes, from 0.26 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DXYZ vs. SPY — Risk / Return Rank
DXYZ
SPY
DXYZ vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Destiny Tech100 Inc (DXYZ) and State Street SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DXYZ | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.22 | ||
| Sortino ratioReturn per unit of downside risk | -2.42 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.34 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 2.67 | -3.19 |
| Martin ratioReturn relative to average drawdown | -1.04 | 11.92 | -12.96 |
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Drawdowns
DXYZ vs. SPY - Drawdown Comparison
The maximum DXYZ drawdown since its inception was -90.35%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DXYZ and SPY.
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Drawdown Indicators
| DXYZ | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.35% | -55.19% | -35.16% |
Max Drawdown (1Y)Largest decline over 1 year | -62.82% | -8.88% | -53.94% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.76% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -73.45% | -3.17% | -70.28% |
Average DrawdownAverage peak-to-trough decline | -68.41% | -9.04% | -59.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.55% | 1.98% | +29.57% |
Volatility
DXYZ vs. SPY - Volatility Comparison
Destiny Tech100 Inc (DXYZ) has a higher volatility of 39.57% compared to State Street SPDR S&P 500 ETF (SPY) at 4.87%. This indicates that DXYZ's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXYZ | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 39.57% | 4.87% | +34.70% |
Volatility (6M)Calculated over the trailing 6-month period | 82.88% | 9.85% | +73.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 101.51% | 12.50% | +89.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 164.63% | 17.15% | +147.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 164.63% | 17.95% | +146.68% |
Dividends
DXYZ vs. SPY - Dividend Comparison
DXYZ has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.03%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXYZ Destiny Tech100 Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.03% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Frequently Asked Questions
DXYZ and SPY have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DXYZ has higher volatility (39.57%) compared to SPY (4.87%). In terms of maximum drawdown, DXYZ dropped -90.35% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.90 vs -0.33), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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