DFDV vs DMB: Correlation
DeFi Development Corp. (DFDV) and BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) show a negative relationship: their 3-year correlation of weekly returns is -0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFDV and DMB?
On 3 years of weekly data the DFDV/DMB correlation comes out at -0.39, 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 (-0.39). The 5-year figure is n/a, and annualized covariance runs at -3364.6 %².
Among the 60 assets we track against DFDV, DMB sits near the bottom by co-movement, at rank #59. The last year tells two different stories: DMB led by 76.4 percentage points, -65.4% for DFDV against +11.0% for DMB. Note the risk asymmetry: DFDV runs 55.9 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.
DFDV vs DMB: side by side
| DFDV (DeFi Development Corp.) | DMB (BNY Mellon Municipal Bond Infrastructure Fund, Inc.) | |
|---|---|---|
| 1-year return | -65.4% | +11.0% |
| 5-year return | n/a | -15.7% |
| Volatility (ann.) | 693.3% | 12.4% |
| Beta vs S&P 500 | 12.24 | 0.26 |
| Max drawdown (3Y) | -94.2% | -14.7% |
| Market cap | $0.2B | $0.2B |
| P/E (trailing) | – | 34.1 |
| Dividend yield | 0.00% | 4.32% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFDV | DMB |
|---|---|---|
| 2022 | – | -23.5% |
| 2023 | – | +2.4% |
| 2024 | -41.1% | +3.9% |
| 2025 | +628.1% | +10.7% |
| 2026 | +4.6% | -0.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFDV and DMB good diversifiers for each other?
Yes: at -0.39, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DFDV and DMB?
Using weekly returns as of 2026-08-27: -0.39 over 3 years, with 0.16 over the last year and n/a over 5 years.
Is DMB a good diversifier for DFDV?
Yes: at -0.39, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.39 mean?
On the −1 to +1 scale, -0.39 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/dfdv-vs-dmb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dfdv-vs-dmb/)
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Related comparisons
Hubs: DFDV correlations · DMB correlations
