DFLI vs PALI: Correlation
Measured on weekly returns over the past three years, Dragonfly Energy Holdings Corp (DFLI) and Palisade Bio, Inc. (PALI) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFLI and PALI?
Across a 3-year window, the weekly returns of DFLI and PALI correlate at 0.56, moderate. The relationship has been stable: the 1-year correlation (0.66) sits close to the 3-year figure. Stretching to 5 years gives 0.28, with an annualized covariance of 12057.7 %².
PALI is one of the assets that tracks DFLI most closely: it ranks #2 out of the 15 assets we track against DFLI. Correlation aside, the last 12 months split them widely, with PALI ahead by 284.5 points (-64.8% versus +219.7%). Risk is not evenly split, since DFLI carries 2.0 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 PALI: side by side
| DFLI (Dragonfly Energy Holdings Corp) | PALI (Palisade Bio, Inc.) | |
|---|---|---|
| 1-year return | -64.8% | +219.7% |
| 5-year return | -99.9% | -99.9% |
| Volatility (ann.) | 208.7% | 102.3% |
| Beta vs S&P 500 | 1.72 | 0.30 |
| Max drawdown (3Y) | -99.3% | -97.5% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 3.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFLI | PALI |
|---|---|---|
| 2022 | +19.4% | -92.0% |
| 2023 | -95.4% | -88.7% |
| 2024 | -43.0% | -81.4% |
| 2025 | -89.0% | +42.4% |
| 2026 | -62.9% | -10.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFLI and PALI good diversifiers for each other?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between DFLI and PALI?
The DFLI/PALI correlation stands at 0.56 on a 3-year window (1 year: 0.66, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is PALI a good diversifier for DFLI?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.56 mean?
A reading of 0.56 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-pali.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dfli-vs-pali/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DFLI correlations · PALI correlations
