DFNS vs GUG: Correlation
How closely do T3 Defense Inc. (DFNS) and Guggenheim Active Allocation Fund (GUG) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFNS and GUG?
Over the past 3 years, DFNS and GUG moved with a correlation of -0.30, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.46) runs below the 3-year figure (-0.30). Over 5 years the correlation is -0.18, and the annualized covariance of weekly returns is -23652.1 %².
Within DFNS's tracked universe of 44 assets, GUG comes in at #38 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DFNS ahead by 188.1 points (+193.5% versus +5.4%). Risk is not evenly split, since DFNS carries 475.7 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.
DFNS vs GUG: side by side
| DFNS (T3 Defense Inc.) | GUG (Guggenheim Active Allocation Fund) | |
|---|---|---|
| 1-year return | +193.5% | +5.4% |
| 5-year return | -77.9% | +16.3% |
| Volatility (ann.) | 6136.1% | 12.9% |
| Beta vs S&P 500 | -23.33 | 0.40 |
| Max drawdown (3Y) | -99.9% | -12.1% |
| Market cap | – | $0.5B |
| P/E (trailing) | – | 9.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFNS | GUG |
|---|---|---|
| 2022 | +5.0% | -26.5% |
| 2023 | -62.5% | +20.7% |
| 2024 | +59.9% | +11.5% |
| 2025 | -89.0% | +13.1% |
| 2026 | +215.4% | +4.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFNS and GUG good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DFNS and GUG?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.46 over the last year and -0.18 over 5 years.
Is GUG a good diversifier for DFNS?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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/dfns-vs-gug.json
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The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DFNS correlations · GUG correlations
