CCG vs DFNS: Correlation
Cheche Group Inc. - Class A (CCG) and T3 Defense Inc. (DFNS) show a very strong relationship: their 3-year correlation of weekly returns is 0.96.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCG and DFNS?
Across a 3-year window, the weekly returns of CCG and DFNS correlate at 0.96, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 1.00 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 9311347.9 %².
DFNS is one of the assets that tracks CCG most closely: it ranks #3 out of the 10 assets we track against CCG. Correlation aside, the last 12 months split them widely, with CCG ahead by 1667.9 points (+1861.4% versus +193.5%). One caveat on sizing: DFNS is 3.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CCG vs DFNS: side by side
| CCG (Cheche Group Inc. - Class A) | DFNS (T3 Defense Inc.) | |
|---|---|---|
| 1-year return | +1861.4% | +193.5% |
| 5-year return | n/a | -77.9% |
| Volatility (ann.) | 1560.5% | 6136.1% |
| Beta vs S&P 500 | -3.24 | -23.33 |
| Max drawdown (3Y) | -99.5% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCG | DFNS |
|---|---|---|
| 2022 | – | +5.0% |
| 2023 | – | -62.5% |
| 2024 | -86.2% | +59.9% |
| 2025 | -6.7% | -89.0% |
| 2026 | +1856.6% | +215.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCG and DFNS good diversifiers for each other?
No. With a correlation of 0.96, CCG and DFNS move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between CCG and DFNS?
As of 2026-08-27, the correlation of weekly returns between CCG and DFNS is 0.96 over 3 years, 1.00 over 1 year and n/a over 5 years.
Is DFNS a good diversifier for CCG?
No. With a correlation of 0.96, CCG and DFNS move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.96 mean?
On the −1 to +1 scale, 0.96 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
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Related comparisons
Hubs: CCG correlations · DFNS correlations
