BNL vs DFDV: Correlation
Bro (BNL) and DeFi Development Corp. (DFDV) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNL and DFDV?
Across a 3-year window, the weekly returns of BNL and DFDV correlate at -0.20, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.06) than the 3-year average (-0.20). Stretching to 5 years gives n/a, with an annualized covariance of -2917.9 %².
DFDV is close to the least connected end of BNL's tracked universe, ranking #11 of 13. The last year tells two different stories: BNL led by 87.8 percentage points, +22.4% for BNL against -65.4% for DFDV. Note the risk asymmetry: DFDV runs 33.0 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.
BNL vs DFDV: side by side
| BNL (Bro) | DFDV (DeFi Development Corp.) | |
|---|---|---|
| 1-year return | +22.4% | -65.4% |
| 5-year return | +7.7% | n/a |
| Volatility (ann.) | 21.0% | 693.3% |
| Beta vs S&P 500 | 0.31 | 12.24 |
| Max drawdown (3Y) | -19.5% | -94.2% |
| Market cap | $4.5B | $0.2B |
| P/E (trailing) | 28.2 | – |
| Dividend yield | 5.47% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BNL | DFDV |
|---|---|---|
| 2022 | -30.8% | – |
| 2023 | +14.0% | – |
| 2024 | -1.1% | -41.1% |
| 2025 | +17.3% | +628.1% |
| 2026 | +25.3% | +4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNL and DFDV good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between BNL and DFDV?
As of 2026-08-27, the correlation of weekly returns between BNL and DFDV is -0.20 over 3 years, 0.06 over 1 year and n/a over 5 years.
Is DFDV a good diversifier for BNL?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 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/bnl-vs-dfdv.json
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[](https://www.pairbook.io/pair/bnl-vs-dfdv/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BNL correlations · DFDV correlations
