DFDV vs MFM: Correlation
Measured on weekly returns over the past three years, DeFi Development Corp. (DFDV) and Aberdeen Municipal Income Fund (MFM) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFDV and MFM?
On 3 years of weekly data the DFDV/MFM correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.23) runs above the 3-year figure (-0.27). The 5-year figure is n/a, and annualized covariance runs at -2382.7 %².
Among the 60 assets we track against DFDV, MFM ranks #28 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MFM outperformed by 76.6 percentage points (-65.4% for DFDV against +11.2% for MFM). Risk is not evenly split, since DFDV carries 54.2 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 MFM: side by side
| DFDV (DeFi Development Corp.) | MFM (Aberdeen Municipal Income Fund) | |
|---|---|---|
| 1-year return | -65.4% | +11.2% |
| 5-year return | n/a | -4.9% |
| Volatility (ann.) | 693.3% | 12.8% |
| Beta vs S&P 500 | 12.24 | 0.28 |
| Max drawdown (3Y) | -94.2% | -11.7% |
| Market cap | $0.2B | $0.2B |
| P/E (trailing) | – | 13.1 |
| Dividend yield | 0.00% | 5.25% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFDV | MFM |
|---|---|---|
| 2022 | – | -22.6% |
| 2023 | – | +4.2% |
| 2024 | -41.1% | +8.5% |
| 2025 | +628.1% | +7.0% |
| 2026 | +4.6% | +3.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFDV and MFM good diversifiers for each other?
Yes. With a correlation of -0.27, DFDV and MFM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DFDV and MFM?
The DFDV/MFM correlation stands at -0.27 on a 3-year window (1 year: 0.23, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MFM a good diversifier for DFDV?
Yes. With a correlation of -0.27, DFDV and MFM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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-mfm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dfdv-vs-mfm/)
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Related comparisons
Hubs: DFDV correlations · MFM correlations
