DFDV vs RMMZ: Correlation
Measured on weekly returns over the past three years, DeFi Development Corp. (DFDV) and RiverNorth Managed Duration Municipal Income Fund II, Inc. (RMMZ) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFDV and RMMZ?
Across a 3-year window, the weekly returns of DFDV and RMMZ correlate at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.16) than the 3-year average (-0.22). Stretching to 5 years gives n/a, with an annualized covariance of -2032.5 %².
By 3-year correlation, RMMZ places #16 of the 60 assets tracked against DFDV. The last year tells two different stories: RMMZ led by 75.0 percentage points, -65.4% for DFDV against +9.6% for RMMZ. Note the risk asymmetry: DFDV runs 52.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 RMMZ: side by side
| DFDV (DeFi Development Corp.) | RMMZ (RiverNorth Managed Duration Municipal Income Fund II, Inc.) | |
|---|---|---|
| 1-year return | -65.4% | +9.6% |
| 5-year return | n/a | +12.2% |
| Volatility (ann.) | 693.3% | 13.3% |
| Beta vs S&P 500 | 12.24 | 0.29 |
| Max drawdown (3Y) | -94.2% | -15.3% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | – | 185.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFDV | RMMZ |
|---|---|---|
| 2023 | – | +11.2% |
| 2024 | -41.1% | +2.7% |
| 2025 | +628.1% | +5.0% |
| 2026 | +4.6% | +7.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFDV and RMMZ good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DFDV and RMMZ?
As of 2026-08-27, the correlation of weekly returns between DFDV and RMMZ is -0.22 over 3 years, 0.16 over 1 year and n/a over 5 years.
Is RMMZ a good diversifier for DFDV?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
A reading of -0.22 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-rmmz.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dfdv-vs-rmmz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DFDV correlations · RMMZ correlations
