DFDV vs PTN: Correlation
Measured on weekly returns over the past three years, DeFi Development Corp. (DFDV) and Palatin Technologies, Inc. (PTN) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFDV and PTN?
On 3 years of weekly data the DFDV/PTN correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.11) than the 3-year average (-0.26). The 5-year figure is n/a, and annualized covariance runs at -26040.6 %².
Among the 60 assets we track against DFDV, PTN ranks #24 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PTN ahead by 64.4 points (-65.4% versus -1.0%). One caveat on sizing: DFDV is 4.8 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 PTN: side by side
| DFDV (DeFi Development Corp.) | PTN (Palatin Technologies, Inc.) | |
|---|---|---|
| 1-year return | -65.4% | -1.0% |
| 5-year return | n/a | -98.3% |
| Volatility (ann.) | 693.3% | 145.6% |
| Beta vs S&P 500 | 12.24 | 0.13 |
| Max drawdown (3Y) | -94.2% | -98.5% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | 95.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFDV | PTN |
|---|---|---|
| 2022 | – | -79.9% |
| 2023 | – | +55.5% |
| 2024 | -41.1% | -72.1% |
| 2025 | +628.1% | -72.3% |
| 2026 | +4.6% | -31.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFDV and PTN good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DFDV and PTN?
The DFDV/PTN correlation stands at -0.26 on a 3-year window (1 year: -0.11, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PTN a good diversifier for DFDV?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 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
$ curl https://www.pairbook.io/api/v1/pairs/dfdv-vs-ptn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dfdv-vs-ptn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DFDV correlations · PTN correlations
