DFNS vs PRPL: Correlation
Measured on weekly returns over the past three years, T3 Defense Inc. (DFNS) and Purple Innovation, Inc. (PRPL) carry a correlation of 0.96, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFNS and PRPL?
On 3 years of weekly data the DFNS/PRPL correlation comes out at 0.96, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (1.00) sits close to the 3-year figure. The 5-year figure is 0.96, and annualized covariance runs at 8644264.2 %².
In DFNS's tracked universe of 44 assets, PRPL sits right near the top at #2. Correlation aside, the last 12 months split them widely, with PRPL ahead by 111.0 points (+193.5% versus +304.5%). One caveat on sizing: DFNS is 4.2 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 PRPL: side by side
| DFNS (T3 Defense Inc.) | PRPL (Purple Innovation, Inc.) | |
|---|---|---|
| 1-year return | +193.5% | +304.5% |
| 5-year return | -77.9% | -82.0% |
| Volatility (ann.) | 6136.1% | 1465.4% |
| Beta vs S&P 500 | -23.33 | -2.51 |
| Max drawdown (3Y) | -99.9% | -87.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFNS | PRPL |
|---|---|---|
| 2022 | +5.0% | -63.9% |
| 2023 | -62.5% | -78.3% |
| 2024 | +59.9% | -24.3% |
| 2025 | -89.0% | -11.4% |
| 2026 | +215.4% | +549.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFNS and PRPL good diversifiers for each other?
No. With a correlation of 0.96, DFNS and PRPL move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between DFNS and PRPL?
The DFNS/PRPL correlation stands at 0.96 on a 3-year window (1 year: 1.00, 5 years: 0.96), computed from weekly returns as of 2026-08-27.
Is PRPL a good diversifier for DFNS?
No. With a correlation of 0.96, DFNS and PRPL move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.96 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-prpl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dfns-vs-prpl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DFNS correlations · PRPL correlations
