DFDV vs TIP: Correlation
Measured on weekly returns over the past three years, DeFi Development Corp. (DFDV) and iShares TIPS Bond ETF (TIP) carry a correlation of -0.32, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFDV and TIP?
Over the past 3 years, DFDV and TIP moved with a correlation of -0.32, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.19) than the 3-year average (-0.32). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -977.8 %².
Within DFDV's tracked universe of 60 assets, TIP comes in at #51 by 3-year correlation. The last year tells two different stories: TIP led by 66.8 percentage points, -65.4% for DFDV against +1.4% for TIP. Note the risk asymmetry: DFDV runs 157.6 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 TIP: side by side
| DFDV (DeFi Development Corp.) | TIP (iShares TIPS Bond ETF) | |
|---|---|---|
| 1-year return | -65.4% | +1.4% |
| 5-year return | n/a | +1.2% |
| Volatility (ann.) | 693.3% | 4.4% |
| Beta vs S&P 500 | 12.24 | 0.05 |
| Max drawdown (3Y) | -94.2% | -3.7% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 4.47% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $14.6B |
| Sector / category | US Listed | ETF · Bonds |
TIP is an Inflation-Protected Bond fund from iShares: $14.6B under management, a 0.18% expense ratio, a 4.47% trailing dividend yield.
Year-by-year returns
| Year | DFDV | TIP |
|---|---|---|
| 2022 | – | -12.3% |
| 2023 | – | +3.8% |
| 2024 | -41.1% | +1.7% |
| 2025 | +628.1% | +6.8% |
| 2026 | +4.6% | +1.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFDV and TIP good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between DFDV and TIP?
Using weekly returns as of 2026-08-27: -0.32 over 3 years, with 0.19 over the last year and n/a over 5 years.
Is TIP a good diversifier for DFDV?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 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-tip.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dfdv-vs-tip/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DFDV correlations · TIP correlations
