DFDV vs FKWL: Correlation
How closely do DeFi Development Corp. (DFDV) and Franklin Wireless Corp. (FKWL) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFDV and FKWL?
Across a 3-year window, the weekly returns of DFDV and FKWL correlate at -0.29, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.01) runs above the 3-year figure (-0.29). Stretching to 5 years gives n/a, with an annualized covariance of -6716.6 %².
By 3-year correlation, FKWL places #39 of the 60 assets tracked against DFDV. The last year tells two different stories: FKWL led by 24.0 percentage points, -65.4% for DFDV against -41.4% for FKWL. Note the risk asymmetry: DFDV runs 20.5 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 FKWL: side by side
| DFDV (DeFi Development Corp.) | FKWL (Franklin Wireless Corp.) | |
|---|---|---|
| 1-year return | -65.4% | -41.4% |
| 5-year return | n/a | -69.6% |
| Volatility (ann.) | 693.3% | 33.9% |
| Beta vs S&P 500 | 12.24 | 0.02 |
| Max drawdown (3Y) | -94.2% | -67.3% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFDV | FKWL |
|---|---|---|
| 2022 | – | +2.1% |
| 2023 | – | -24.0% |
| 2024 | -41.1% | +44.5% |
| 2025 | +628.1% | -10.1% |
| 2026 | +4.6% | -43.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFDV and FKWL 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 FKWL?
As of 2026-08-27, the correlation of weekly returns between DFDV and FKWL is -0.29 over 3 years, 0.01 over 1 year and n/a over 5 years.
Is FKWL 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?
On the −1 to +1 scale, -0.29 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-fkwl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dfdv-vs-fkwl/)
No key needed, free to use. Full endpoint list in the API documentation.
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Hubs: DFDV correlations · FKWL correlations
