CIIT vs DFNS: Correlation
Tianci International, Inc. (CIIT) and T3 Defense Inc. (DFNS) show a very strong relationship: their 3-year correlation of weekly returns is 0.95.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CIIT and DFNS?
Over the past 3 years, CIIT and DFNS moved with a correlation of 0.95, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.99 over 1 year against 0.95 over 3. Over 5 years the correlation is 0.91, and the annualized covariance of weekly returns is 3906521.8 %².
Among the 27 assets we track against CIIT, DFNS ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DFNS ahead by 228.0 points (-34.5% versus +193.5%). Risk is not evenly split, since DFNS carries 9.1 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.
CIIT vs DFNS: side by side
| CIIT (Tianci International, Inc.) | DFNS (T3 Defense Inc.) | |
|---|---|---|
| 1-year return | -34.5% | +193.5% |
| 5-year return | -77.6% | -77.9% |
| Volatility (ann.) | 673.6% | 6136.1% |
| Beta vs S&P 500 | -2.24 | -23.33 |
| Max drawdown (3Y) | -99.2% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CIIT | DFNS |
|---|---|---|
| 2022 | +36.4% | +5.0% |
| 2023 | -44.8% | -62.5% |
| 2024 | +383.1% | +59.9% |
| 2025 | -91.7% | -89.0% |
| 2026 | +41.6% | +215.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIIT and DFNS good diversifiers for each other?
No. With a correlation of 0.95, CIIT and DFNS move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between CIIT and DFNS?
As of 2026-08-27, the correlation of weekly returns between CIIT and DFNS is 0.95 over 3 years, 0.99 over 1 year and 0.91 over 5 years.
Is DFNS a good diversifier for CIIT?
No. With a correlation of 0.95, CIIT and DFNS move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.95 mean?
A reading of 0.95 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/ciit-vs-dfns.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ciit-vs-dfns/)
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Related comparisons
Hubs: CIIT correlations · DFNS correlations
