BLZE vs DFTX: Correlation
How closely do Backblaze, Inc. (BLZE) and Definium Therapeutics, Inc. (DFTX) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLZE and DFTX?
On 3 years of weekly data the BLZE/DFTX correlation comes out at 0.47, moderate. The link has tightened recently: the 1-year correlation (0.60) runs above the 3-year figure (0.47). The 5-year figure is 0.42, and annualized covariance runs at 3938.0 %².
In BLZE's tracked universe of 20 assets, DFTX sits right near the top at #2. The last year tells two different stories: DFTX led by 259.0 percentage points, +85.9% for BLZE against +344.9% for DFTX.
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.
BLZE vs DFTX: side by side
| BLZE (Backblaze, Inc.) | DFTX (Definium Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +85.9% | +344.9% |
| 5-year return | -23.4% | +4.7% |
| Volatility (ann.) | 92.9% | 90.9% |
| Beta vs S&P 500 | 1.92 | 1.35 |
| Max drawdown (3Y) | -72.0% | -58.4% |
| Market cap | $0.9B | $5.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BLZE | DFTX |
|---|---|---|
| 2022 | -63.6% | -89.4% |
| 2023 | +23.4% | +66.4% |
| 2024 | -20.7% | +90.2% |
| 2025 | -22.6% | +92.4% |
| 2026 | +227.0% | +227.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLZE and DFTX good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BLZE and DFTX?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.60 over the last year and 0.42 over 5 years.
Is DFTX a good diversifier for BLZE?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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/blze-vs-dftx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/blze-vs-dftx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BLZE correlations · DFTX correlations
