DFDV vs SDGR: Correlation
How closely do DeFi Development Corp. (DFDV) and Schrodinger, Inc. (SDGR) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFDV and SDGR?
Across a 3-year window, the weekly returns of DFDV and SDGR correlate at 0.37, moderate. The relationship has been stable: the 1-year correlation (0.31) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 14753.6 %².
Within DFDV's tracked universe of 60 assets, SDGR comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SDGR ahead by 68.5 points (-65.4% versus +3.1%). Note the risk asymmetry: DFDV runs 12.0 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 SDGR: side by side
| DFDV (DeFi Development Corp.) | SDGR (Schrodinger, Inc.) | |
|---|---|---|
| 1-year return | -65.4% | +3.1% |
| 5-year return | n/a | -65.2% |
| Volatility (ann.) | 693.3% | 57.7% |
| Beta vs S&P 500 | 12.24 | 1.91 |
| Max drawdown (3Y) | -94.2% | -70.2% |
| Market cap | $0.2B | $1.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFDV | SDGR |
|---|---|---|
| 2022 | – | -46.3% |
| 2023 | – | +91.5% |
| 2024 | -41.1% | -46.1% |
| 2025 | +628.1% | -7.3% |
| 2026 | +4.6% | +14.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFDV and SDGR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DFDV and SDGR?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.31 over the last year and n/a over 5 years.
Is SDGR a good diversifier for DFDV?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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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Related comparisons
Hubs: DFDV correlations · SDGR correlations
