DFDV vs SAFE: Correlation
How closely do DeFi Development Corp. (DFDV) and Safehold Inc. New (SAFE) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFDV and SAFE?
On 3 years of weekly data the DFDV/SAFE correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.16) than the 3-year average (-0.28). The 5-year figure is n/a, and annualized covariance runs at -7073.8 %².
Among the 60 assets we track against DFDV, SAFE ranks #35 by 3-year correlation. The last year tells two different stories: SAFE led by 65.3 percentage points, -65.4% for DFDV against -0.1% for SAFE. One caveat on sizing: DFDV is 18.8 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 SAFE: side by side
| DFDV (DeFi Development Corp.) | SAFE (Safehold Inc. New) | |
|---|---|---|
| 1-year return | -65.4% | -0.1% |
| 5-year return | n/a | -85.5% |
| Volatility (ann.) | 693.3% | 36.8% |
| Beta vs S&P 500 | 12.24 | 0.66 |
| Max drawdown (3Y) | -94.2% | -51.9% |
| Market cap | $0.2B | $1.1B |
| P/E (trailing) | – | 9.5 |
| Dividend yield | 0.00% | 4.61% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFDV | SAFE |
|---|---|---|
| 2022 | – | -61.0% |
| 2023 | – | -48.4% |
| 2024 | -41.1% | -18.2% |
| 2025 | +628.1% | -22.5% |
| 2026 | +4.6% | +14.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFDV and SAFE good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between DFDV and SAFE?
The DFDV/SAFE correlation stands at -0.28 on a 3-year window (1 year: 0.16, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SAFE a good diversifier for DFDV?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 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-safe.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dfdv-vs-safe/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DFDV correlations · SAFE correlations
