DFDV vs MFA: Correlation
Measured on weekly returns over the past three years, DeFi Development Corp. (DFDV) and MFA Financial, Inc. (MFA) carry a correlation of -0.30, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFDV and MFA?
Over the past 3 years, DFDV and MFA moved with a correlation of -0.30, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.10 versus -0.30 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -5349.0 %².
Among the 60 assets we track against DFDV, MFA ranks #42 by 3-year correlation. The last year tells two different stories: MFA led by 68.2 percentage points, -65.4% for DFDV against +2.8% for MFA. Note the risk asymmetry: DFDV runs 27.1 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 MFA: side by side
| DFDV (DeFi Development Corp.) | MFA (MFA Financial, Inc.) | |
|---|---|---|
| 1-year return | -65.4% | +2.8% |
| 5-year return | n/a | -8.1% |
| Volatility (ann.) | 693.3% | 25.6% |
| Beta vs S&P 500 | 12.24 | 0.64 |
| Max drawdown (3Y) | -94.2% | -31.6% |
| Market cap | $0.2B | $0.9B |
| P/E (trailing) | – | 8.8 |
| Dividend yield | 0.00% | 16.36% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFDV | MFA |
|---|---|---|
| 2022 | – | -37.2% |
| 2023 | – | +30.7% |
| 2024 | -41.1% | +2.6% |
| 2025 | +628.1% | +6.1% |
| 2026 | +4.6% | +2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFDV and MFA good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between DFDV and MFA?
As of 2026-08-27, the correlation of weekly returns between DFDV and MFA is -0.30 over 3 years, 0.10 over 1 year and n/a over 5 years.
Is MFA a good diversifier for DFDV?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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.
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Hubs: DFDV correlations · MFA correlations
