DFNS vs TSLA: Correlation
T3 Defense Inc. (DFNS) and Tesla, Inc. (TSLA) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFNS and TSLA?
Across a 3-year window, the weekly returns of DFNS and TSLA correlate at -0.20, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.43 versus -0.20 over 3 years. Stretching to 5 years gives -0.14, with an annualized covariance of -65120.5 %².
By 3-year correlation, TSLA places #22 of the 44 assets tracked against DFNS. Their recent paths diverged sharply: over the last 12 months DFNS outperformed by 192.0 percentage points (+193.5% for DFNS against +1.5% for TSLA). Risk is not evenly split, since DFNS carries 113.8 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 TSLA: side by side
| DFNS (T3 Defense Inc.) | TSLA (Tesla, Inc.) | |
|---|---|---|
| 1-year return | +193.5% | +1.5% |
| 5-year return | -77.9% | +45.6% |
| Volatility (ann.) | 6136.1% | 53.9% |
| Beta vs S&P 500 | -23.33 | 1.87 |
| Max drawdown (3Y) | -99.9% | -53.8% |
| Market cap | – | $1,401.3B |
| P/E (trailing) | – | 322.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | DFNS | TSLA |
|---|---|---|
| 2022 | +5.0% | -65.0% |
| 2023 | -62.5% | +101.7% |
| 2024 | +59.9% | +62.5% |
| 2025 | -89.0% | +11.4% |
| 2026 | +215.4% | -21.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFNS and TSLA good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DFNS and TSLA?
As of 2026-08-27, the correlation of weekly returns between DFNS and TSLA is -0.20 over 3 years, -0.43 over 1 year and -0.14 over 5 years.
Is TSLA a good diversifier for DFNS?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
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-tsla.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dfns-vs-tsla/)
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Related comparisons
Hubs: DFNS correlations · TSLA correlations
