DFDV vs LOAN: Correlation
How closely do DeFi Development Corp. (DFDV) and Manhattan Bridge Capital, Inc (LOAN) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFDV and LOAN?
On 3 years of weekly data the DFDV/LOAN correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.21) than the 3-year average (-0.27). The 5-year figure is n/a, and annualized covariance runs at -4220.7 %².
Within DFDV's tracked universe of 60 assets, LOAN comes in at #27 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months LOAN outperformed by 48.4 percentage points (-65.4% for DFDV against -17.0% for LOAN). Note the risk asymmetry: DFDV runs 30.4 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 LOAN: side by side
| DFDV (DeFi Development Corp.) | LOAN (Manhattan Bridge Capital, Inc) | |
|---|---|---|
| 1-year return | -65.4% | -17.0% |
| 5-year return | n/a | -1.5% |
| Volatility (ann.) | 693.3% | 22.8% |
| Beta vs S&P 500 | 12.24 | 0.07 |
| Max drawdown (3Y) | -94.2% | -24.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | 9.7 |
| Dividend yield | 0.00% | 11.17% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFDV | LOAN |
|---|---|---|
| 2022 | – | +5.7% |
| 2023 | – | +2.2% |
| 2024 | -41.1% | +22.5% |
| 2025 | +628.1% | -9.4% |
| 2026 | +4.6% | -8.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFDV and LOAN good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DFDV and LOAN?
As of 2026-08-27, the correlation of weekly returns between DFDV and LOAN is -0.27 over 3 years, 0.21 over 1 year and n/a over 5 years.
Is LOAN a good diversifier for DFDV?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
A reading of -0.27 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-loan.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dfdv-vs-loan/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DFDV correlations · LOAN correlations
