DFDV vs MUA: Correlation
How closely do DeFi Development Corp. (DFDV) and Blackrock MuniAssets Fund, Inc (MUA) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFDV and MUA?
Across a 3-year window, the weekly returns of DFDV and MUA correlate at -0.22, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.19 versus -0.22 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -2270.5 %².
Within DFDV's tracked universe of 60 assets, MUA comes in at #15 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MUA outperformed by 65.7 percentage points (-65.4% for DFDV against +0.3% for MUA). Risk is not evenly split, since DFDV carries 46.5 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 MUA: side by side
| DFDV (DeFi Development Corp.) | MUA (Blackrock MuniAssets Fund, Inc) | |
|---|---|---|
| 1-year return | -65.4% | +0.3% |
| 5-year return | n/a | -17.1% |
| Volatility (ann.) | 693.3% | 14.9% |
| Beta vs S&P 500 | 12.24 | 0.36 |
| Max drawdown (3Y) | -94.2% | -20.0% |
| Market cap | $0.2B | $0.7B |
| P/E (trailing) | – | 32.2 |
| Dividend yield | 0.00% | 6.67% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFDV | MUA |
|---|---|---|
| 2022 | – | -22.4% |
| 2023 | – | +3.0% |
| 2024 | -41.1% | +10.5% |
| 2025 | +628.1% | +3.3% |
| 2026 | +4.6% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFDV and MUA good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DFDV and MUA?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with 0.19 over the last year and n/a over 5 years.
Is MUA a good diversifier for DFDV?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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-mua.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dfdv-vs-mua/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DFDV correlations · MUA correlations
