BAOS vs DFNS: Correlation
Baosheng Media Group Holdings Limited (BAOS) and T3 Defense Inc. (DFNS) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAOS and DFNS?
On 3 years of weekly data the BAOS/DFNS correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.51 versus -0.26 over 3 years. The 5-year figure is -0.15, and annualized covariance runs at -180322.0 %².
Out of 12 assets tracked against BAOS, DFNS lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months DFNS outperformed by 278.0 percentage points (-84.5% for BAOS against +193.5% for DFNS). Risk is not evenly split, since DFNS carries 54.0 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.
BAOS vs DFNS: side by side
| BAOS (Baosheng Media Group Holdings Limited) | DFNS (T3 Defense Inc.) | |
|---|---|---|
| 1-year return | -84.5% | +193.5% |
| 5-year return | -96.8% | -77.9% |
| Volatility (ann.) | 113.6% | 6136.1% |
| Beta vs S&P 500 | 2.15 | -23.33 |
| Max drawdown (3Y) | -94.0% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BAOS | DFNS |
|---|---|---|
| 2022 | -3.9% | +5.0% |
| 2023 | -30.0% | -62.5% |
| 2024 | -29.1% | +59.9% |
| 2025 | +6.6% | -89.0% |
| 2026 | -84.3% | +215.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAOS and DFNS good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BAOS and DFNS?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.51 over the last year and -0.15 over 5 years.
Is DFNS a good diversifier for BAOS?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/baos-vs-dfns.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/baos-vs-dfns/)
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Related comparisons
Hubs: BAOS correlations · DFNS correlations
