DFDV vs MQY: Correlation
DeFi Development Corp. (DFDV) and Blackrock MuniYield Quality Fund, Inc. (MQY) show a negative relationship: their 3-year correlation of weekly returns is -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFDV and MQY?
On 3 years of weekly data the DFDV/MQY correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.24) runs above the 3-year figure (-0.29). The 5-year figure is n/a, and annualized covariance runs at -2537.3 %².
Among the 60 assets we track against DFDV, MQY ranks #41 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MQY outperformed by 73.4 percentage points (-65.4% for DFDV against +8.0% for MQY). Note the risk asymmetry: DFDV runs 54.2 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 MQY: side by side
| DFDV (DeFi Development Corp.) | MQY (Blackrock MuniYield Quality Fund, Inc.) | |
|---|---|---|
| 1-year return | -65.4% | +8.0% |
| 5-year return | n/a | -13.1% |
| Volatility (ann.) | 693.3% | 12.8% |
| Beta vs S&P 500 | 12.24 | 0.33 |
| Max drawdown (3Y) | -94.2% | -17.0% |
| Market cap | $0.2B | $0.8B |
| P/E (trailing) | – | 35.8 |
| Dividend yield | 0.00% | 6.25% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFDV | MQY |
|---|---|---|
| 2022 | – | -24.2% |
| 2023 | – | +10.2% |
| 2024 | -41.1% | -0.1% |
| 2025 | +628.1% | +4.3% |
| 2026 | +4.6% | +2.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFDV and MQY good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between DFDV and MQY?
The DFDV/MQY correlation stands at -0.29 on a 3-year window (1 year: 0.24, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MQY a good diversifier for DFDV?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dfdv-vs-mqy.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dfdv-vs-mqy/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DFDV correlations · MQY correlations
