DFDV vs NUTX: Correlation
Measured on weekly returns over the past three years, DeFi Development Corp. (DFDV) and Nutex Health Inc. (NUTX) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFDV and NUTX?
On 3 years of weekly data the DFDV/NUTX correlation comes out at 0.40, moderate. The link has loosened recently: the 1-year correlation (0.16) runs below the 3-year figure (0.40). The 5-year figure is n/a, and annualized covariance runs at 33615.0 %².
In DFDV's tracked universe of 60 assets, NUTX sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months NUTX outperformed by 181.4 percentage points (-65.4% for DFDV against +116.0% for NUTX). One caveat on sizing: DFDV is 5.7 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 NUTX: side by side
| DFDV (DeFi Development Corp.) | NUTX (Nutex Health Inc.) | |
|---|---|---|
| 1-year return | -65.4% | +116.0% |
| 5-year return | n/a | -96.8% |
| Volatility (ann.) | 693.3% | 120.6% |
| Beta vs S&P 500 | 12.24 | 2.13 |
| Max drawdown (3Y) | -94.2% | -90.7% |
| Market cap | $0.2B | $1.3B |
| P/E (trailing) | – | 7.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFDV | NUTX |
|---|---|---|
| 2023 | – | -90.5% |
| 2024 | -41.1% | +17.4% |
| 2025 | +628.1% | +419.5% |
| 2026 | +4.6% | +17.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFDV and NUTX good diversifiers for each other?
Reasonably. At 0.40, DFDV and NUTX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DFDV and NUTX?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.16 over the last year and n/a over 5 years.
Is NUTX a good diversifier for DFDV?
Reasonably. At 0.40, DFDV and NUTX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 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-nutx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dfdv-vs-nutx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DFDV correlations · NUTX correlations
