DFDV vs FXHO: Correlation
Measured on weekly returns over the past three years, DeFi Development Corp. (DFDV) and UTime Limited - Class A (FXHO) carry a correlation of 0.28, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFDV and FXHO?
Across a 3-year window, the weekly returns of DFDV and FXHO correlate at 0.28, weak. The past 12 months show a weaker link (0.00) than the 3-year average (0.28). Stretching to 5 years gives n/a, with an annualized covariance of 33727.9 %².
By 3-year correlation, FXHO places #6 of the 60 assets tracked against DFDV. Correlation aside, the last 12 months split them widely, with DFDV ahead by 34.4 points (-65.4% versus -99.8%). Note the risk asymmetry: DFDV runs 3.9 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 FXHO: side by side
| DFDV (DeFi Development Corp.) | FXHO (UTime Limited - Class A) | |
|---|---|---|
| 1-year return | -65.4% | -99.8% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 693.3% | 175.7% |
| Beta vs S&P 500 | 12.24 | 1.88 |
| Max drawdown (3Y) | -94.2% | -100.0% |
| Market cap | $0.2B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFDV | FXHO |
|---|---|---|
| 2022 | – | -66.6% |
| 2023 | – | -69.2% |
| 2024 | -41.1% | -95.4% |
| 2025 | +628.1% | -99.7% |
| 2026 | +4.6% | -80.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFDV and FXHO good diversifiers for each other?
Reasonably. At 0.28, DFDV and FXHO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DFDV and FXHO?
As of 2026-08-27, the correlation of weekly returns between DFDV and FXHO is 0.28 over 3 years, 0.00 over 1 year and n/a over 5 years.
Is FXHO a good diversifier for DFDV?
Reasonably. At 0.28, DFDV and FXHO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.28 mean?
A reading of 0.28 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
$ curl https://www.pairbook.io/api/v1/pairs/dfdv-vs-fxho.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dfdv-vs-fxho/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DFDV correlations · FXHO correlations
