BMY vs DFDV: Correlation
Bristol Myers Squibb (BMY) and DeFi Development Corp. (DFDV) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BMY and DFDV?
Across a 3-year window, the weekly returns of BMY and DFDV correlate at -0.18, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.13 over 1 year against -0.18 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -3376.3 %².
Out of 31 assets tracked against BMY, DFDV lands near the bottom at #30. Their recent paths diverged sharply: over the last 12 months BMY outperformed by 112.7 percentage points (+47.3% for BMY against -65.4% for DFDV). Note the risk asymmetry: DFDV runs 24.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BMY vs DFDV: side by side
| BMY (Bristol Myers Squibb) | DFDV (DeFi Development Corp.) | |
|---|---|---|
| 1-year return | +47.3% | -65.4% |
| 5-year return | +22.3% | n/a |
| Volatility (ann.) | 27.8% | 693.3% |
| Beta vs S&P 500 | 0.20 | 12.24 |
| Max drawdown (3Y) | -34.1% | -94.2% |
| Market cap | $136.8B | $0.2B |
| P/E (trailing) | 14.9 | – |
| Dividend yield | 3.71% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | BMY | DFDV |
|---|---|---|
| 2022 | +19.0% | – |
| 2023 | -26.1% | – |
| 2024 | +15.8% | -41.1% |
| 2025 | +0.1% | +628.1% |
| 2026 | +28.3% | +4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMY and DFDV good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between BMY and DFDV?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with -0.13 over the last year and n/a over 5 years.
Is DFDV a good diversifier for BMY?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
A reading of -0.18 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bmy-vs-dfdv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bmy-vs-dfdv/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BMY correlations · DFDV correlations
