DFDV vs MYN: Correlation
Measured on weekly returns over the past three years, DeFi Development Corp. (DFDV) and Blackrock MuniYield New York Quality Fund, Inc. (MYN) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFDV and MYN?
On 3 years of weekly data the DFDV/MYN correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.34 versus -0.24 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -1802.6 %².
By 3-year correlation, MYN places #17 of the 60 assets tracked against DFDV. Their recent paths diverged sharply: over the last 12 months MYN outperformed by 77.0 percentage points (-65.4% for DFDV against +11.6% for MYN). Risk is not evenly split, since DFDV carries 64.8 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 MYN: side by side
| DFDV (DeFi Development Corp.) | MYN (Blackrock MuniYield New York Quality Fund, Inc.) | |
|---|---|---|
| 1-year return | -65.4% | +11.6% |
| 5-year return | n/a | -12.0% |
| Volatility (ann.) | 693.3% | 10.7% |
| Beta vs S&P 500 | 12.24 | 0.24 |
| Max drawdown (3Y) | -94.2% | -11.2% |
| Market cap | $0.2B | $0.4B |
| P/E (trailing) | – | 60.9 |
| Dividend yield | 0.00% | 6.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFDV | MYN |
|---|---|---|
| 2022 | – | -27.0% |
| 2023 | – | +9.9% |
| 2024 | -41.1% | +2.8% |
| 2025 | +628.1% | +4.6% |
| 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 MYN good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DFDV and MYN?
As of 2026-08-27, the correlation of weekly returns between DFDV and MYN is -0.24 over 3 years, 0.34 over 1 year and n/a over 5 years.
Is MYN a good diversifier for DFDV?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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-myn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dfdv-vs-myn/)
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Related comparisons
Hubs: DFDV correlations · MYN correlations
