DFLI vs SEED: Correlation
Measured on weekly returns over the past three years, Dragonfly Energy Holdings Corp (DFLI) and Origin Agritech Limited (SEED) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFLI and SEED?
Across a 3-year window, the weekly returns of DFLI and SEED correlate at 0.36, moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. Stretching to 5 years gives 0.23, with an annualized covariance of 6392.8 %².
By 3-year correlation, SEED places #8 of the 15 assets tracked against DFLI. Correlation aside, the last 12 months split them widely, with SEED ahead by 45.1 points (-64.8% versus -19.7%). One caveat on sizing: DFLI is 2.4 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.
DFLI vs SEED: side by side
| DFLI (Dragonfly Energy Holdings Corp) | SEED (Origin Agritech Limited) | |
|---|---|---|
| 1-year return | -64.8% | -19.7% |
| 5-year return | -99.9% | -88.2% |
| Volatility (ann.) | 208.7% | 86.1% |
| Beta vs S&P 500 | 1.72 | 0.93 |
| Max drawdown (3Y) | -99.3% | -86.5% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFLI | SEED |
|---|---|---|
| 2022 | +19.4% | -3.1% |
| 2023 | -95.4% | -67.6% |
| 2024 | -43.0% | -6.7% |
| 2025 | -89.0% | -47.1% |
| 2026 | -62.9% | -11.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFLI and SEED good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DFLI and SEED?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.43 over the last year and 0.23 over 5 years.
Is SEED a good diversifier for DFLI?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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.
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Related comparisons
Hubs: DFLI correlations · SEED correlations
