DFSC vs RMCF: Correlation
Measured on weekly returns over the past three years, DEFSEC Technologies Inc. (DFSC) and Rocky Mountain Chocolate Factory, Inc. (RMCF) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFSC and RMCF?
Over the past 3 years, DFSC and RMCF moved with a correlation of 0.39, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.61 versus 0.39 over 3 years. Over 5 years the correlation is 0.01, and the annualized covariance of weekly returns is 4101.3 %².
Among the 14 assets we track against DFSC, RMCF ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RMCF outperformed by 24.2 percentage points (-44.1% for DFSC against -19.9% for RMCF). Note the risk asymmetry: DFSC runs 2.2 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.
DFSC vs RMCF: side by side
| DFSC (DEFSEC Technologies Inc.) | RMCF (Rocky Mountain Chocolate Factory, Inc.) | |
|---|---|---|
| 1-year return | -44.1% | -19.9% |
| 5-year return | -100.0% | -84.3% |
| Volatility (ann.) | 152.6% | 68.5% |
| Beta vs S&P 500 | 0.90 | 0.77 |
| Max drawdown (3Y) | -99.9% | -87.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFSC | RMCF |
|---|---|---|
| 2022 | -96.2% | -27.4% |
| 2023 | -65.1% | -19.3% |
| 2024 | -92.2% | -47.2% |
| 2025 | -88.4% | -21.8% |
| 2026 | +9.4% | -38.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFSC and RMCF good diversifiers for each other?
Reasonably. At 0.39, DFSC and RMCF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DFSC and RMCF?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.61 over the last year and 0.01 over 5 years.
Is RMCF a good diversifier for DFSC?
Reasonably. At 0.39, DFSC and RMCF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 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.
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Related comparisons
Hubs: DFSC correlations · RMCF correlations
