BND vs DFDV: Correlation
Vanguard Total Bond Market ETF (BND) and DeFi Development Corp. (DFDV) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BND and DFDV?
On 3 years of weekly data the BND/DFDV correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.11) than the 3-year average (-0.28). The 5-year figure is n/a, and annualized covariance runs at -1011.2 %².
Among the 33 assets we track against BND, DFDV sits near the bottom by co-movement, at rank #31. The last year tells two different stories: BND led by 67.7 percentage points, +2.3% for BND against -65.4% for DFDV. Risk is not evenly split, since DFDV carries 133.3 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.
BND vs DFDV: side by side
| BND (Vanguard Total Bond Market ETF) | DFDV (DeFi Development Corp.) | |
|---|---|---|
| 1-year return | +2.3% | -65.4% |
| 5-year return | -1.3% | n/a |
| Volatility (ann.) | 5.2% | 693.3% |
| Beta vs S&P 500 | 0.06 | 12.24 |
| Max drawdown (3Y) | -4.7% | -94.2% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | ETF · Bonds | US Listed |
Year-by-year returns
| Year | BND | DFDV |
|---|---|---|
| 2022 | -13.1% | – |
| 2023 | +5.7% | – |
| 2024 | +1.4% | -41.1% |
| 2025 | +7.1% | +628.1% |
| 2026 | +0.2% | +4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BND and DFDV good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between BND and DFDV?
As of 2026-08-27, the correlation of weekly returns between BND and DFDV is -0.28 over 3 years, 0.11 over 1 year and n/a over 5 years.
Is DFDV a good diversifier for BND?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
A reading of -0.28 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/bnd-vs-dfdv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bnd-vs-dfdv/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BND correlations · DFDV correlations
