DFDV vs MITT: Correlation
How closely do DeFi Development Corp. (DFDV) and TPG Mortgage Investment Trust, Inc. (MITT) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFDV and MITT?
Over the past 3 years, DFDV and MITT moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.01) runs above the 3-year figure (-0.25). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -4920.5 %².
Among the 60 assets we track against DFDV, MITT ranks #20 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MITT outperformed by 65.7 percentage points (-65.4% for DFDV against +0.3% for MITT). Risk is not evenly split, since DFDV carries 24.1 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 MITT: side by side
| DFDV (DeFi Development Corp.) | MITT (TPG Mortgage Investment Trust, Inc.) | |
|---|---|---|
| 1-year return | -65.4% | +0.3% |
| 5-year return | n/a | +11.0% |
| Volatility (ann.) | 693.3% | 28.8% |
| Beta vs S&P 500 | 12.24 | 0.75 |
| Max drawdown (3Y) | -94.2% | -26.9% |
| Market cap | $0.2B | $0.2B |
| P/E (trailing) | – | 8.9 |
| Dividend yield | 0.00% | 13.86% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFDV | MITT |
|---|---|---|
| 2022 | – | -41.0% |
| 2023 | – | +35.8% |
| 2024 | -41.1% | +17.1% |
| 2025 | +628.1% | +42.8% |
| 2026 | +4.6% | -16.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFDV and MITT good diversifiers for each other?
Yes. With a correlation of -0.25, DFDV and MITT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DFDV and MITT?
The DFDV/MITT correlation stands at -0.25 on a 3-year window (1 year: 0.01, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MITT a good diversifier for DFDV?
Yes. With a correlation of -0.25, DFDV and MITT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dfdv-vs-mitt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dfdv-vs-mitt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DFDV correlations · MITT correlations
