DFLI vs DXR: Correlation
How closely do Dragonfly Energy Holdings Corp (DFLI) and Daxor Corporation - Closed End Fund (DXR) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFLI and DXR?
On 3 years of weekly data the DFLI/DXR correlation comes out at 0.31, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.44 versus 0.31 over 3 years. The 5-year figure is 0.24, and annualized covariance runs at 2579.8 %².
Within DFLI's tracked universe of 15 assets, DXR comes in at #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DXR ahead by 50.1 points (-64.8% versus -14.7%). Risk is not evenly split, since DFLI carries 5.3 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.
DFLI vs DXR: side by side
| DFLI (Dragonfly Energy Holdings Corp) | DXR (Daxor Corporation - Closed End Fund) | |
|---|---|---|
| 1-year return | -64.8% | -14.7% |
| 5-year return | -99.9% | +1.8% |
| Volatility (ann.) | 208.7% | 39.6% |
| Beta vs S&P 500 | 1.72 | 0.48 |
| Max drawdown (3Y) | -99.3% | -39.9% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 6.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFLI | DXR |
|---|---|---|
| 2022 | +19.4% | -18.9% |
| 2023 | -95.4% | +4.8% |
| 2024 | -43.0% | -19.9% |
| 2025 | -89.0% | +91.8% |
| 2026 | -62.9% | -34.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFLI and DXR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DFLI and DXR?
The DFLI/DXR correlation stands at 0.31 on a 3-year window (1 year: 0.44, 5 years: 0.24), computed from weekly returns as of 2026-08-27.
Is DXR a good diversifier for DFLI?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dfli-vs-dxr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dfli-vs-dxr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DFLI correlations · DXR correlations
