CRL vs DFDV: Correlation
Measured on weekly returns over the past three years, Charles River Laboratories (CRL) and DeFi Development Corp. (DFDV) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRL and DFDV?
Over the past 3 years, CRL and DFDV moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.16) runs above the 3-year figure (-0.31). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -10287.1 %².
DFDV is close to the least connected end of CRL's tracked universe, ranking #31 of 33. The last year tells two different stories: CRL led by 147.5 percentage points, +82.1% for CRL against -65.4% for DFDV. One caveat on sizing: DFDV is 14.5 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.
CRL vs DFDV: side by side
| CRL (Charles River Laboratories) | DFDV (DeFi Development Corp.) | |
|---|---|---|
| 1-year return | +82.1% | -65.4% |
| 5-year return | -33.3% | n/a |
| Volatility (ann.) | 47.9% | 693.3% |
| Beta vs S&P 500 | 0.92 | 12.24 |
| Max drawdown (3Y) | -63.5% | -94.2% |
| Market cap | $14.3B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | CRL | DFDV |
|---|---|---|
| 2022 | -42.2% | – |
| 2023 | +8.5% | – |
| 2024 | -21.9% | -41.1% |
| 2025 | +8.1% | +628.1% |
| 2026 | +48.6% | +4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRL and DFDV good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CRL and DFDV?
Using weekly returns as of 2026-08-27: -0.31 over 3 years, with 0.16 over the last year and n/a over 5 years.
Is DFDV a good diversifier for CRL?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 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/crl-vs-dfdv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/crl-vs-dfdv/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CRL correlations · DFDV correlations
