DFDV vs FLD: Correlation
DeFi Development Corp. (DFDV) and Fold Holdings, Inc. (FLD) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFDV and FLD?
Across a 3-year window, the weekly returns of DFDV and FLD correlate at -0.25, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.38) runs above the 3-year figure (-0.25). Stretching to 5 years gives n/a, with an annualized covariance of -13716.3 %².
Within DFDV's tracked universe of 60 assets, FLD comes in at #19 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DFDV ahead by 18.2 points (-65.4% versus -83.6%). Risk is not evenly split, since DFDV carries 8.8 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 FLD: side by side
| DFDV (DeFi Development Corp.) | FLD (Fold Holdings, Inc.) | |
|---|---|---|
| 1-year return | -65.4% | -83.6% |
| 5-year return | n/a | -93.7% |
| Volatility (ann.) | 693.3% | 78.8% |
| Beta vs S&P 500 | 12.24 | 0.49 |
| Max drawdown (3Y) | -94.2% | -96.7% |
| 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 | FLD |
|---|---|---|
| 2023 | – | +5.3% |
| 2024 | -41.1% | +5.2% |
| 2025 | +628.1% | -76.5% |
| 2026 | +4.6% | -76.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFDV and FLD good diversifiers for each other?
Yes. With a correlation of -0.25, DFDV and FLD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DFDV and FLD?
The DFDV/FLD correlation stands at -0.25 on a 3-year window (1 year: 0.38, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is FLD a good diversifier for DFDV?
Yes. With a correlation of -0.25, DFDV and FLD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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-fld.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dfdv-vs-fld/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DFDV correlations · FLD correlations
