DFDV vs STHO: Correlation
Measured on weekly returns over the past three years, DeFi Development Corp. (DFDV) and Star Holdings - Shares of Beneficial Interest (STHO) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFDV and STHO?
Across a 3-year window, the weekly returns of DFDV and STHO correlate at -0.18, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.27) runs above the 3-year figure (-0.18). Stretching to 5 years gives n/a, with an annualized covariance of -4503.5 %².
Within DFDV's tracked universe of 60 assets, STHO comes in at #11 by 3-year correlation. The last year tells two different stories: STHO led by 82.1 percentage points, -65.4% for DFDV against +16.7% for STHO. One caveat on sizing: DFDV is 19.5 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 STHO: side by side
| DFDV (DeFi Development Corp.) | STHO (Star Holdings - Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | -65.4% | +16.7% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 693.3% | 35.5% |
| Beta vs S&P 500 | 12.24 | 0.88 |
| Max drawdown (3Y) | -94.2% | -59.4% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | – | 8.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFDV | STHO |
|---|---|---|
| 2024 | -41.1% | -35.0% |
| 2025 | +628.1% | -15.4% |
| 2026 | +4.6% | +19.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFDV and STHO good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DFDV and STHO?
As of 2026-08-27, the correlation of weekly returns between DFDV and STHO is -0.18 over 3 years, 0.27 over 1 year and n/a over 5 years.
Is STHO a good diversifier for DFDV?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dfdv-vs-stho.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dfdv-vs-stho/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DFDV correlations · STHO correlations
