DFDV vs SBI: Correlation
Measured on weekly returns over the past three years, DeFi Development Corp. (DFDV) and Western Asset Intermediate Muni Fund Inc (SBI) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFDV and SBI?
Across a 3-year window, the weekly returns of DFDV and SBI correlate at -0.31, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.21 versus -0.31 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -1702.6 %².
Within DFDV's tracked universe of 60 assets, SBI comes in at #49 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SBI outperformed by 71.7 percentage points (-65.4% for DFDV against +6.3% for SBI). Risk is not evenly split, since DFDV carries 87.8 times the volatility of the other side.
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 SBI: side by side
| DFDV (DeFi Development Corp.) | SBI (Western Asset Intermediate Muni Fund Inc) | |
|---|---|---|
| 1-year return | -65.4% | +6.3% |
| 5-year return | n/a | +0.9% |
| Volatility (ann.) | 693.3% | 7.9% |
| Beta vs S&P 500 | 12.24 | 0.19 |
| Max drawdown (3Y) | -94.2% | -7.9% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | – | 12.5 |
| Dividend yield | 0.00% | 3.31% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFDV | SBI |
|---|---|---|
| 2022 | – | -18.4% |
| 2023 | – | +5.4% |
| 2024 | -41.1% | +6.8% |
| 2025 | +628.1% | +5.9% |
| 2026 | +4.6% | +3.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFDV and SBI good diversifiers for each other?
Yes. With a correlation of -0.31, DFDV and SBI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DFDV and SBI?
Using weekly returns as of 2026-08-27: -0.31 over 3 years, with 0.21 over the last year and n/a over 5 years.
Is SBI a good diversifier for DFDV?
Yes. With a correlation of -0.31, DFDV and SBI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.31 mean?
A reading of -0.31 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: DFDV correlations · SBI correlations
