DFNS vs MCO: Correlation
Measured on weekly returns over the past three years, T3 Defense Inc. (DFNS) and Moody's Corporation (MCO) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFNS and MCO?
Over the past 3 years, DFNS and MCO moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.27) sits close to the 3-year figure. Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -32140.5 %².
Within DFNS's tracked universe of 44 assets, MCO comes in at #19 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DFNS ahead by 192.8 points (+193.5% versus +0.7%). Note the risk asymmetry: DFNS runs 237.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 MCO: side by side
| DFNS (T3 Defense Inc.) | MCO (Moody's Corporation) | |
|---|---|---|
| 1-year return | +193.5% | +0.7% |
| 5-year return | -77.9% | +39.4% |
| Volatility (ann.) | 6136.1% | 25.8% |
| Beta vs S&P 500 | -23.33 | 1.08 |
| Max drawdown (3Y) | -99.9% | -24.7% |
| Market cap | – | $88.2B |
| P/E (trailing) | – | 32.7 |
| Dividend yield | 0.00% | 0.77% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | DFNS | MCO |
|---|---|---|
| 2022 | +5.0% | -28.0% |
| 2023 | -62.5% | +41.5% |
| 2024 | +59.9% | +22.2% |
| 2025 | -89.0% | +8.7% |
| 2026 | +215.4% | +0.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFNS and MCO good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between DFNS and MCO?
The DFNS/MCO correlation stands at -0.20 on a 3-year window (1 year: -0.27, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is MCO a good diversifier for DFNS?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dfns-vs-mco.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dfns-vs-mco/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DFNS correlations · MCO correlations
