DFDV vs MYI: Correlation
DeFi Development Corp. (DFDV) and Blackrock MuniYield Quality Fund III, Inc (MYI) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFDV and MYI?
Over the past 3 years, DFDV and MYI moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.24) than the 3-year average (-0.26). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -2084.0 %².
Among the 60 assets we track against DFDV, MYI ranks #23 by 3-year correlation. The last year tells two different stories: MYI led by 74.1 percentage points, -65.4% for DFDV against +8.7% for MYI. Note the risk asymmetry: DFDV runs 58.8 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 MYI: side by side
| DFDV (DeFi Development Corp.) | MYI (Blackrock MuniYield Quality Fund III, Inc) | |
|---|---|---|
| 1-year return | -65.4% | +8.7% |
| 5-year return | n/a | -5.8% |
| Volatility (ann.) | 693.3% | 11.8% |
| Beta vs S&P 500 | 12.24 | 0.30 |
| Max drawdown (3Y) | -94.2% | -11.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | 28.3 |
| Dividend yield | 0.00% | 6.20% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFDV | MYI |
|---|---|---|
| 2022 | – | -20.5% |
| 2023 | – | +8.8% |
| 2024 | -41.1% | +0.6% |
| 2025 | +628.1% | +4.8% |
| 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 MYI good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between DFDV and MYI?
As of 2026-08-27, the correlation of weekly returns between DFDV and MYI is -0.26 over 3 years, 0.24 over 1 year and n/a over 5 years.
Is MYI a good diversifier for DFDV?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
A reading of -0.26 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-myi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dfdv-vs-myi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DFDV correlations · MYI correlations
