Kind of...

I know they use 5 different types of mining or something like that.
Still, each one of those algorithms is just a separate lottery... although I say that without actually knowing much about Groestl, Skein, and Qubit mining. Had to look them up just to reference the names.

Digibyte seems like a good project and the tech they make is used by other chains (Digishield).
Wish I had more but I'm not really willing to "diversify" at this stage of the game.