DFLI vs SUIG: Correlation
How closely do Dragonfly Energy Holdings Corp (DFLI) and Sui Group Holdings Limited (SUIG) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFLI and SUIG?
Across a 3-year window, the weekly returns of DFLI and SUIG correlate at 0.42, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.23 versus 0.42 over 3 years. Stretching to 5 years gives 0.35, with an annualized covariance of 14264.1 %².
In DFLI's tracked universe of 15 assets, SUIG sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months DFLI outperformed by 18.6 percentage points (-64.8% for DFLI against -83.4% for SUIG).
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 SUIG: side by side
| DFLI (Dragonfly Energy Holdings Corp) | SUIG (Sui Group Holdings Limited) | |
|---|---|---|
| 1-year return | -64.8% | -83.4% |
| 5-year return | -99.9% | -88.3% |
| Volatility (ann.) | 208.7% | 162.1% |
| Beta vs S&P 500 | 1.72 | 1.61 |
| Max drawdown (3Y) | -99.3% | -89.2% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFLI | SUIG |
|---|---|---|
| 2022 | +19.4% | -75.1% |
| 2023 | -95.4% | +19.5% |
| 2024 | -43.0% | -20.3% |
| 2025 | -89.0% | -14.4% |
| 2026 | -62.9% | -38.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFLI and SUIG good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DFLI and SUIG?
As of 2026-08-27, the correlation of weekly returns between DFLI and SUIG is 0.42 over 3 years, 0.23 over 1 year and 0.35 over 5 years.
Is SUIG a good diversifier for DFLI?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dfli-vs-suig.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dfli-vs-suig/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DFLI correlations · SUIG correlations
