DFNS vs FFAI: Correlation
How closely do T3 Defense Inc. (DFNS) and Faraday Future Intelligent Electric Inc. (FFAI) trade together? Their weekly returns over three years give a correlation of 0.88, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFNS and FFAI?
On 3 years of weekly data the DFNS/FFAI correlation comes out at 0.88, very strong, meaning they move nearly in lockstep. The past 12 months show a tighter link (1.00) than the 3-year average (0.88). The 5-year figure is 0.88, and annualized covariance runs at 16154616.4 %².
Within DFNS's tracked universe of 44 assets, FFAI comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DFNS ahead by 195.6 points (+193.5% versus -2.1%). One caveat on sizing: DFNS is 2.0 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.
DFNS vs FFAI: side by side
| DFNS (T3 Defense Inc.) | FFAI (Faraday Future Intelligent Electric Inc.) | |
|---|---|---|
| 1-year return | +193.5% | -2.1% |
| 5-year return | -77.9% | -100.0% |
| Volatility (ann.) | 6136.1% | 3004.8% |
| Beta vs S&P 500 | -23.33 | -1.32 |
| Max drawdown (3Y) | -99.9% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFNS | FFAI |
|---|---|---|
| 2022 | +5.0% | -94.5% |
| 2023 | -62.5% | -99.0% |
| 2024 | +59.9% | -91.2% |
| 2025 | -89.0% | -58.0% |
| 2026 | +215.4% | +128.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFNS and FFAI good diversifiers for each other?
No. With a correlation of 0.88, DFNS and FFAI move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between DFNS and FFAI?
Using weekly returns as of 2026-08-27: 0.88 over 3 years, with 1.00 over the last year and 0.88 over 5 years.
Is FFAI a good diversifier for DFNS?
No. With a correlation of 0.88, DFNS and FFAI move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.88 mean?
A reading of 0.88 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/dfns-vs-ffai.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dfns-vs-ffai/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DFNS correlations · FFAI correlations
