DFDV vs NTIC: Correlation
How closely do DeFi Development Corp. (DFDV) and Northern Technologies International Corporation (NTIC) trade together? Their weekly returns over three years give a correlation of -0.37, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFDV and NTIC?
Across a 3-year window, the weekly returns of DFDV and NTIC correlate at -0.37, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.11) runs above the 3-year figure (-0.37). Stretching to 5 years gives n/a, with an annualized covariance of -9069.2 %².
Among the 60 assets we track against DFDV, NTIC sits near the bottom by co-movement, at rank #57. Their recent paths diverged sharply: over the last 12 months NTIC outperformed by 74.0 percentage points (-65.4% for DFDV against +8.6% for NTIC). One caveat on sizing: DFDV is 19.5 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 NTIC: side by side
| DFDV (DeFi Development Corp.) | NTIC (Northern Technologies International Corporation) | |
|---|---|---|
| 1-year return | -65.4% | +8.6% |
| 5-year return | n/a | -46.9% |
| Volatility (ann.) | 693.3% | 35.6% |
| Beta vs S&P 500 | 12.24 | 0.01 |
| Max drawdown (3Y) | -94.2% | -63.3% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.37% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFDV | NTIC |
|---|---|---|
| 2022 | – | -10.9% |
| 2023 | – | -9.4% |
| 2024 | -41.1% | +16.7% |
| 2025 | +628.1% | -41.4% |
| 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 NTIC good diversifiers for each other?
Yes. With a correlation of -0.37, DFDV and NTIC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DFDV and NTIC?
The DFDV/NTIC correlation stands at -0.37 on a 3-year window (1 year: 0.11, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is NTIC a good diversifier for DFDV?
Yes. With a correlation of -0.37, DFDV and NTIC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.37 mean?
A reading of -0.37 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
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Hubs: DFDV correlations · NTIC correlations
