DFSC vs TENX: Correlation
How closely do DEFSEC Technologies Inc. (DFSC) and Tenax Therapeutics, Inc. (TENX) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFSC and TENX?
Over the past 3 years, DFSC and TENX moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.63) than the 3-year average (-0.25). Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -4940.7 %².
Among the 14 assets we track against DFSC, TENX sits near the bottom by co-movement, at rank #12. The last year tells two different stories: DFSC led by 18.9 percentage points, -44.1% for DFSC against -63.0% for TENX.
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 TENX: side by side
| DFSC (DEFSEC Technologies Inc.) | TENX (Tenax Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -44.1% | -63.0% |
| 5-year return | -100.0% | -99.9% |
| Volatility (ann.) | 152.6% | 127.0% |
| Beta vs S&P 500 | 0.90 | 0.95 |
| Max drawdown (3Y) | -99.9% | -97.2% |
| 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 | TENX |
|---|---|---|
| 2022 | -96.2% | -89.3% |
| 2023 | -65.1% | -87.6% |
| 2024 | -92.2% | -71.9% |
| 2025 | -88.4% | +96.9% |
| 2026 | +9.4% | -82.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFSC and TENX good diversifiers for each other?
Yes. With a correlation of -0.25, DFSC and TENX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DFSC and TENX?
The DFSC/TENX correlation stands at -0.25 on a 3-year window (1 year: -0.63, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is TENX a good diversifier for DFSC?
Yes. With a correlation of -0.25, DFSC and TENX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/dfsc-vs-tenx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dfsc-vs-tenx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DFSC correlations · TENX correlations
