DFNS vs NNY: Correlation
T3 Defense Inc. (DFNS) and Nuveen New York Municipal Value Fund (NNY) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFNS and NNY?
Across a 3-year window, the weekly returns of DFNS and NNY correlate at -0.27, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.33 over 1 year against -0.27 over 3. Stretching to 5 years gives -0.17, with an annualized covariance of -14374.9 %².
By 3-year correlation, NNY places #33 of the 44 assets tracked against DFNS. The last year tells two different stories: DFNS led by 187.5 percentage points, +193.5% for DFNS against +6.0% for NNY. Risk is not evenly split, since DFNS carries 697.3 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 NNY: side by side
| DFNS (T3 Defense Inc.) | NNY (Nuveen New York Municipal Value Fund) | |
|---|---|---|
| 1-year return | +193.5% | +6.0% |
| 5-year return | -77.9% | -2.8% |
| Volatility (ann.) | 6136.1% | 8.8% |
| Beta vs S&P 500 | -23.33 | 0.19 |
| Max drawdown (3Y) | -99.9% | -8.2% |
| Market cap | – | – |
| P/E (trailing) | – | 25.5 |
| Dividend yield | 0.00% | 4.34% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFNS | NNY |
|---|---|---|
| 2022 | +5.0% | -13.4% |
| 2023 | -62.5% | +4.3% |
| 2024 | +59.9% | +1.2% |
| 2025 | -89.0% | +11.2% |
| 2026 | +215.4% | -1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFNS and NNY good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DFNS and NNY?
The DFNS/NNY correlation stands at -0.27 on a 3-year window (1 year: -0.33, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is NNY a good diversifier for DFNS?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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-nny.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dfns-vs-nny/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DFNS correlations · NNY correlations
