DFDV vs EIM: Correlation
Measured on weekly returns over the past three years, DeFi Development Corp. (DFDV) and Eaton Vance Municipal Bond Fund (EIM) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFDV and EIM?
On 3 years of weekly data the DFDV/EIM correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.21) than the 3-year average (-0.25). The 5-year figure is n/a, and annualized covariance runs at -1846.9 %².
Within DFDV's tracked universe of 60 assets, EIM comes in at #18 by 3-year correlation. Correlation aside, the last 12 months split them widely, with EIM ahead by 70.3 points (-65.4% versus +4.9%). One caveat on sizing: DFDV is 64.2 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.
DFDV vs EIM: side by side
| DFDV (DeFi Development Corp.) | EIM (Eaton Vance Municipal Bond Fund) | |
|---|---|---|
| 1-year return | -65.4% | +4.9% |
| 5-year return | n/a | -9.2% |
| Volatility (ann.) | 693.3% | 10.8% |
| Beta vs S&P 500 | 12.24 | 0.25 |
| Max drawdown (3Y) | -94.2% | -11.6% |
| Market cap | $0.2B | $0.5B |
| P/E (trailing) | – | 42.0 |
| Dividend yield | 0.00% | 6.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFDV | EIM |
|---|---|---|
| 2022 | – | -19.8% |
| 2023 | – | +1.6% |
| 2024 | -41.1% | +8.2% |
| 2025 | +628.1% | -0.1% |
| 2026 | +4.6% | +3.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFDV and EIM good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DFDV and EIM?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with 0.21 over the last year and n/a over 5 years.
Is EIM a good diversifier for DFDV?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 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/dfdv-vs-eim.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dfdv-vs-eim/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DFDV correlations · EIM correlations
