DFDV vs MMU: Correlation
Measured on weekly returns over the past three years, DeFi Development Corp. (DFDV) and Western Asset Managed Municipals Fund, Inc. (MMU) 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 MMU?
Across a 3-year window, the weekly returns of DFDV and MMU correlate at -0.27, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.20 versus -0.27 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -2132.1 %².
By 3-year correlation, MMU places #29 of the 60 assets tracked against DFDV. Correlation aside, the last 12 months split them widely, with MMU ahead by 74.6 points (-65.4% versus +9.2%). One caveat on sizing: DFDV is 61.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 MMU: side by side
| DFDV (DeFi Development Corp.) | MMU (Western Asset Managed Municipals Fund, Inc.) | |
|---|---|---|
| 1-year return | -65.4% | +9.2% |
| 5-year return | n/a | -2.0% |
| Volatility (ann.) | 693.3% | 11.3% |
| Beta vs S&P 500 | 12.24 | 0.27 |
| Max drawdown (3Y) | -94.2% | -9.5% |
| Market cap | $0.2B | $0.6B |
| P/E (trailing) | – | 10.7 |
| Dividend yield | 0.00% | 6.45% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFDV | MMU |
|---|---|---|
| 2022 | – | -19.6% |
| 2023 | – | +5.7% |
| 2024 | -41.1% | +6.6% |
| 2025 | +628.1% | +9.3% |
| 2026 | +4.6% | +1.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFDV and MMU good diversifiers for each other?
Yes. With a correlation of -0.27, DFDV and MMU have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DFDV and MMU?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with 0.20 over the last year and n/a over 5 years.
Is MMU a good diversifier for DFDV?
Yes. With a correlation of -0.27, DFDV and MMU 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-mmu.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dfdv-vs-mmu/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DFDV correlations · MMU correlations
