DFDV vs DSM: Correlation
DeFi Development Corp. (DFDV) and BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) show a negative relationship: their 3-year correlation of weekly returns is -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFDV and DSM?
Over the past 3 years, DFDV and DSM moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.15) runs above the 3-year figure (-0.29). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -2482.3 %².
Among the 60 assets we track against DFDV, DSM ranks #38 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DSM outperformed by 74.0 percentage points (-65.4% for DFDV against +8.6% for DSM). Risk is not evenly split, since DFDV carries 55.9 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.
DFDV vs DSM: side by side
| DFDV (DeFi Development Corp.) | DSM (BNY Mellon Strategic Municipal Bond Fund, Inc.) | |
|---|---|---|
| 1-year return | -65.4% | +8.6% |
| 5-year return | n/a | -13.5% |
| Volatility (ann.) | 693.3% | 12.4% |
| Beta vs S&P 500 | 12.24 | 0.29 |
| Max drawdown (3Y) | -94.2% | -13.4% |
| Market cap | $0.2B | $0.3B |
| P/E (trailing) | – | 9.2 |
| Dividend yield | 0.00% | 4.94% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFDV | DSM |
|---|---|---|
| 2022 | – | -27.0% |
| 2023 | – | +3.2% |
| 2024 | -41.1% | +5.5% |
| 2025 | +628.1% | +10.9% |
| 2026 | +4.6% | -2.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFDV and DSM good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between DFDV and DSM?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with 0.15 over the last year and n/a over 5 years.
Is DSM a good diversifier for DFDV?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 mean?
A reading of -0.29 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
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Hubs: DFDV correlations · DSM correlations
