DFNS vs SSTK: Correlation
T3 Defense Inc. (DFNS) and Shutterstock, Inc. (SSTK) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFNS and SSTK?
On 3 years of weekly data the DFNS/SSTK correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.38) sits close to the 3-year figure. The 5-year figure is -0.23, and annualized covariance runs at -86833.4 %².
Within DFNS's tracked universe of 44 assets, SSTK comes in at #36 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DFNS ahead by 264.6 points (+193.5% versus -71.1%). Risk is not evenly split, since DFNS carries 122.7 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 SSTK: side by side
| DFNS (T3 Defense Inc.) | SSTK (Shutterstock, Inc.) | |
|---|---|---|
| 1-year return | +193.5% | -71.1% |
| 5-year return | -77.9% | -94.3% |
| Volatility (ann.) | 6136.1% | 50.0% |
| Beta vs S&P 500 | -23.33 | 1.21 |
| Max drawdown (3Y) | -99.9% | -88.2% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 24.91% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFNS | SSTK |
|---|---|---|
| 2022 | +5.0% | -51.7% |
| 2023 | -62.5% | -6.4% |
| 2024 | +59.9% | -35.1% |
| 2025 | -89.0% | -32.7% |
| 2026 | +215.4% | -69.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFNS and SSTK good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between DFNS and SSTK?
As of 2026-08-27, the correlation of weekly returns between DFNS and SSTK is -0.28 over 3 years, -0.38 over 1 year and -0.23 over 5 years.
Is SSTK a good diversifier for DFNS?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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-sstk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dfns-vs-sstk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DFNS correlations · SSTK correlations
