DFLI vs IDT: Correlation
How closely do Dragonfly Energy Holdings Corp (DFLI) and IDT Corporation (IDT) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFLI and IDT?
Over the past 3 years, DFLI and IDT moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.65) runs below the 3-year figure (-0.27). Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -1933.2 %².
Out of 15 assets tracked against DFLI, IDT lands near the bottom at #14. The last year tells two different stories: IDT led by 73.9 percentage points, -64.8% for DFLI against +9.1% for IDT. Note the risk asymmetry: DFLI runs 6.1 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.
DFLI vs IDT: side by side
| DFLI (Dragonfly Energy Holdings Corp) | IDT (IDT Corporation) | |
|---|---|---|
| 1-year return | -64.8% | +9.1% |
| 5-year return | -99.9% | +58.8% |
| Volatility (ann.) | 208.7% | 34.0% |
| Beta vs S&P 500 | 1.72 | 0.70 |
| Max drawdown (3Y) | -99.3% | -33.2% |
| Market cap | – | – |
| P/E (trailing) | – | 21.2 |
| Dividend yield | 0.00% | 0.36% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFLI | IDT |
|---|---|---|
| 2022 | +19.4% | -36.2% |
| 2023 | -95.4% | +21.0% |
| 2024 | -43.0% | +40.1% |
| 2025 | -89.0% | +8.2% |
| 2026 | -62.9% | +34.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFLI and IDT good diversifiers for each other?
Yes. With a correlation of -0.27, DFLI and IDT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DFLI and IDT?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.65 over the last year and -0.14 over 5 years.
Is IDT a good diversifier for DFLI?
Yes. With a correlation of -0.27, DFLI and IDT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
A reading of -0.27 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-idt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dfli-vs-idt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DFLI correlations · IDT correlations
