BENF vs DFLI: Correlation
Measured on weekly returns over the past three years, Beneficient (BENF) and Dragonfly Energy Holdings Corp (DFLI) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BENF and DFLI?
Across a 3-year window, the weekly returns of BENF and DFLI correlate at 0.39, moderate. The past 12 months show a tighter link (0.69) than the 3-year average (0.39). Stretching to 5 years gives 0.35, with an annualized covariance of 14209.8 %².
In BENF's tracked universe of 12 assets, DFLI sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months BENF outperformed by 41.9 percentage points (-22.9% for BENF against -64.8% for DFLI).
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.
BENF vs DFLI: side by side
| BENF (Beneficient) | DFLI (Dragonfly Energy Holdings Corp) | |
|---|---|---|
| 1-year return | -22.9% | -64.8% |
| 5-year return | -100.0% | -99.9% |
| Volatility (ann.) | 176.6% | 208.7% |
| Beta vs S&P 500 | 1.25 | 1.72 |
| Max drawdown (3Y) | -99.9% | -99.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BENF | DFLI |
|---|---|---|
| 2022 | +3.7% | +19.4% |
| 2023 | -95.3% | -95.4% |
| 2024 | -98.1% | -43.0% |
| 2025 | +18.0% | -89.0% |
| 2026 | -69.3% | -62.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BENF and DFLI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BENF and DFLI?
The BENF/DFLI correlation stands at 0.39 on a 3-year window (1 year: 0.69, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is DFLI a good diversifier for BENF?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/benf-vs-dfli.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/benf-vs-dfli/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BENF correlations · DFLI correlations
