We report a systematic ab initio and density functional theory (DFT) study of the electric properties of the X3CC≡CC≡CH (X = H, F, Cl, Br, and I) sequence of substituted diacetylenes. We rely on finite‐field Møller–Plesset perturbation theory and coupled‐cluster calculations with large, flexible basis sets. Our best values at the second‐order Møller–Plesset perturbation theory level for the mean dipole polarizability and second hyperpolarizability are $\overline {{\alpha} } $/e2aE = 64.46 (CH3), 65.59 (CF3), 110.11 (CCl3), 138.90 (CBr3), 184.98 (CI3) and $\overline {{\gamma} } $/e4aE = 21020 (CH3), 13469 (CF3), 32708 (CCl3), 57599 (CBr3), and 105251 (CI3). For comparison, the analogous MP2 values for diacetylene [P.Karamanis and G.Maroulis, Chem. Phys. Lett. 2003, 376, 403.] are $\overline {{\alpha} } $/e2aE = 49.17, and $\overline {{\gamma} } $/e4aE = 16227. For the mean first hyperpolarizability we report $\overline {{\beta} } $/e3aE = −205.8 (CH3), −55.7 (CF3), 120.8 (CCl3), 443.8 (CBr3), and 725.4 (CI3). Copyright © 2010 John Wiley & Sons, Ltd.