DFDV vs RSF: Correlation
Measured on weekly returns over the past three years, DeFi Development Corp. (DFDV) and RiverNorth Capital and Income Fund (RSF) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFDV and RSF?
On 3 years of weekly data the DFDV/RSF correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.32) than the 3-year average (-0.27). The 5-year figure is n/a, and annualized covariance runs at -1009.4 %².
By 3-year correlation, RSF places #32 of the 60 assets tracked against DFDV. Correlation aside, the last 12 months split them widely, with RSF ahead by 75.5 points (-65.4% versus +10.1%). Note the risk asymmetry: DFDV runs 128.4 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 RSF: side by side
| DFDV (DeFi Development Corp.) | RSF (RiverNorth Capital and Income Fund) | |
|---|---|---|
| 1-year return | -65.4% | +10.1% |
| 5-year return | n/a | +30.6% |
| Volatility (ann.) | 693.3% | 5.4% |
| Beta vs S&P 500 | 12.24 | 0.06 |
| Max drawdown (3Y) | -94.2% | -5.0% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | – | 13.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFDV | RSF |
|---|---|---|
| 2022 | – | -1.6% |
| 2023 | – | +3.8% |
| 2024 | -41.1% | +10.6% |
| 2025 | +628.1% | +4.6% |
| 2026 | +4.6% | +8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFDV and RSF good diversifiers for each other?
Yes. With a correlation of -0.27, DFDV and RSF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DFDV and RSF?
The DFDV/RSF correlation stands at -0.27 on a 3-year window (1 year: 0.32, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is RSF a good diversifier for DFDV?
Yes. With a correlation of -0.27, DFDV and RSF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Hubs: DFDV correlations · RSF correlations
