DFSC vs SLNG: Correlation
DEFSEC Technologies Inc. (DFSC) and Stabilis Solutions, Inc. (SLNG) show a weak relationship: their 3-year correlation of weekly returns is 0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFSC and SLNG?
On 3 years of weekly data the DFSC/SLNG correlation comes out at 0.29, weak. The link has tightened recently: the 1-year correlation (0.42) runs above the 3-year figure (0.29). The 5-year figure is -0.04, and annualized covariance runs at 3125.3 %².
Within DFSC's tracked universe of 14 assets, SLNG comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SLNG ahead by 87.6 points (-44.1% versus +43.5%). One caveat on sizing: DFSC is 2.2 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.
DFSC vs SLNG: side by side
| DFSC (DEFSEC Technologies Inc.) | SLNG (Stabilis Solutions, Inc.) | |
|---|---|---|
| 1-year return | -44.1% | +43.5% |
| 5-year return | -100.0% | -16.1% |
| Volatility (ann.) | 152.6% | 69.9% |
| Beta vs S&P 500 | 0.90 | 0.39 |
| Max drawdown (3Y) | -99.9% | -58.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFSC | SLNG |
|---|---|---|
| 2022 | -96.2% | +25.8% |
| 2023 | -65.1% | -22.0% |
| 2024 | -92.2% | +28.9% |
| 2025 | -88.4% | -15.0% |
| 2026 | +9.4% | +28.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFSC and SLNG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DFSC and SLNG?
Using weekly returns as of 2026-08-27: 0.29 over 3 years, with 0.42 over the last year and -0.04 over 5 years.
Is SLNG a good diversifier for DFSC?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.29 mean?
A reading of 0.29 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: DFSC correlations · SLNG correlations
