DFDV vs IEF: Correlation
DeFi Development Corp. (DFDV) and iShares 7-10 Year Treasury Bond ETF (IEF) 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 IEF?
On 3 years of weekly data the DFDV/IEF correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.06 versus -0.29 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -1315.7 %².
Within DFDV's tracked universe of 60 assets, IEF comes in at #40 by 3-year correlation. The last year tells two different stories: IEF led by 66.3 percentage points, -65.4% for DFDV against +0.9% for IEF. Risk is not evenly split, since DFDV carries 106.7 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 IEF: side by side
| DFDV (DeFi Development Corp.) | IEF (iShares 7-10 Year Treasury Bond ETF) | |
|---|---|---|
| 1-year return | -65.4% | +0.9% |
| 5-year return | n/a | -7.9% |
| Volatility (ann.) | 693.3% | 6.5% |
| Beta vs S&P 500 | 12.24 | 0.04 |
| Max drawdown (3Y) | -94.2% | -6.9% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 3.96% |
| Expense ratio | – | 0.15% |
| Assets under management | – | $47.2B |
| Sector / category | US Listed | ETF · Bonds |
On the fund side, IEF sits in the Long Government category at iShares, with $47.2B under management, a 0.15% expense ratio, a 3.96% trailing dividend yield.
Year-by-year returns
| Year | DFDV | IEF |
|---|---|---|
| 2022 | – | -15.2% |
| 2023 | – | +3.6% |
| 2024 | -41.1% | -0.6% |
| 2025 | +628.1% | +8.0% |
| 2026 | +4.6% | -0.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFDV and IEF 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 IEF?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with 0.06 over the last year and n/a over 5 years.
Is IEF 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
$ curl https://www.pairbook.io/api/v1/pairs/dfdv-vs-ief.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dfdv-vs-ief/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DFDV correlations · IEF correlations
