DFDV vs PML: Correlation
Measured on weekly returns over the past three years, DeFi Development Corp. (DFDV) and Pimco Municipal Income Fund II (PML) carry a correlation of -0.32, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFDV and PML?
On 3 years of weekly data the DFDV/PML correlation comes out at -0.32, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.20 versus -0.32 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -3262.3 %².
Among the 60 assets we track against DFDV, PML ranks #50 by 3-year correlation. The last year tells two different stories: PML led by 74.1 percentage points, -65.4% for DFDV against +8.7% for PML. One caveat on sizing: DFDV is 47.8 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 PML: side by side
| DFDV (DeFi Development Corp.) | PML (Pimco Municipal Income Fund II) | |
|---|---|---|
| 1-year return | -65.4% | +8.7% |
| 5-year return | n/a | -34.6% |
| Volatility (ann.) | 693.3% | 14.5% |
| Beta vs S&P 500 | 12.24 | 0.30 |
| Max drawdown (3Y) | -94.2% | -21.5% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | 735.0 |
| Dividend yield | 0.00% | 6.48% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFDV | PML |
|---|---|---|
| 2022 | – | -34.1% |
| 2023 | – | -3.0% |
| 2024 | -41.1% | +3.0% |
| 2025 | +628.1% | -0.8% |
| 2026 | +4.6% | +1.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFDV and PML good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between DFDV and PML?
As of 2026-08-27, the correlation of weekly returns between DFDV and PML is -0.32 over 3 years, 0.20 over 1 year and n/a over 5 years.
Is PML a good diversifier for DFDV?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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Related comparisons
Hubs: DFDV correlations · PML correlations
