DBGI vs DFNS: Correlation
Measured on weekly returns over the past three years, Digital Brands Group, Inc. (DBGI) and T3 Defense Inc. (DFNS) carry a correlation of 0.95, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DBGI and DFNS?
Over the past 3 years, DBGI and DFNS moved with a correlation of 0.95, which is 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. Over 5 years the correlation is 0.94, and the annualized covariance of weekly returns is 6538823.1 %².
By 3-year correlation, DFNS places #5 of the 28 assets tracked against DBGI. The last year tells two different stories: DFNS led by 222.7 percentage points, -29.2% for DBGI against +193.5% for DFNS. Risk is not evenly split, since DFNS carries 5.4 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.
DBGI vs DFNS: side by side
| DBGI (Digital Brands Group, Inc.) | DFNS (T3 Defense Inc.) | |
|---|---|---|
| 1-year return | -29.2% | +193.5% |
| 5-year return | -100.0% | -77.9% |
| Volatility (ann.) | 1127.2% | 6136.1% |
| Beta vs S&P 500 | -1.93 | -23.33 |
| Max drawdown (3Y) | -100.0% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DBGI | DFNS |
|---|---|---|
| 2022 | -98.2% | +5.0% |
| 2023 | -96.9% | -62.5% |
| 2024 | -98.9% | +59.9% |
| 2025 | +610.8% | -89.0% |
| 2026 | -43.1% | +215.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DBGI and DFNS good diversifiers for each other?
Not really. At 0.95, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between DBGI and DFNS?
As of 2026-08-27, the correlation of weekly returns between DBGI and DFNS is 0.95 over 3 years, 1.00 over 1 year and 0.94 over 5 years.
Is DFNS a good diversifier for DBGI?
Not really. At 0.95, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.95 mean?
On the −1 to +1 scale, 0.95 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
$ curl https://www.pairbook.io/api/v1/pairs/dbgi-vs-dfns.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dbgi-vs-dfns/)
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Related comparisons
Hubs: DBGI correlations · DFNS correlations
