DFDV vs KTF: Correlation
DeFi Development Corp. (DFDV) and DWS Municipal Income Trust (KTF) show a negative relationship: their 3-year correlation of weekly returns is -0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFDV and KTF?
On 3 years of weekly data the DFDV/KTF correlation comes out at -0.34, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.10) runs above the 3-year figure (-0.34). The 5-year figure is n/a, and annualized covariance runs at -2772.4 %².
Among the 60 assets we track against DFDV, KTF ranks #55 by 3-year correlation. The last year tells two different stories: KTF led by 75.2 percentage points, -65.4% for DFDV against +9.8% for KTF. Note the risk asymmetry: DFDV runs 59.3 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 KTF: side by side
| DFDV (DeFi Development Corp.) | KTF (DWS Municipal Income Trust) | |
|---|---|---|
| 1-year return | -65.4% | +9.8% |
| 5-year return | n/a | -3.3% |
| Volatility (ann.) | 693.3% | 11.7% |
| Beta vs S&P 500 | 12.24 | 0.19 |
| Max drawdown (3Y) | -94.2% | -11.3% |
| Market cap | $0.2B | $0.3B |
| P/E (trailing) | – | 10.1 |
| Dividend yield | 0.00% | 8.35% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFDV | KTF |
|---|---|---|
| 2022 | – | -23.7% |
| 2023 | – | +7.1% |
| 2024 | -41.1% | +13.8% |
| 2025 | +628.1% | +4.6% |
| 2026 | +4.6% | +2.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFDV and KTF good diversifiers for each other?
Yes. With a correlation of -0.34, DFDV and KTF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DFDV and KTF?
Using weekly returns as of 2026-08-27: -0.34 over 3 years, with 0.10 over the last year and n/a over 5 years.
Is KTF a good diversifier for DFDV?
Yes. With a correlation of -0.34, DFDV and KTF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.34 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-ktf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dfdv-vs-ktf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DFDV correlations · KTF correlations
