DJT vs PHUN: Correlation
Measured on weekly returns over the past three years, Trump Media & Technology Group Corp. (DJT) and Phunware, Inc. (PHUN) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DJT and PHUN?
On 3 years of weekly data the DJT/PHUN correlation comes out at 0.47, moderate. The past 12 months show a weaker link (0.29) than the 3-year average (0.47). The 5-year figure is 0.94, and annualized covariance runs at 7746.7 %².
Few assets follow DJT as closely as PHUN, which ranks #1 of 11 tracked partners. The last year tells two different stories: PHUN led by 25.4 percentage points, -45.5% for DJT against -20.1% for PHUN. Risk is not evenly split, since PHUN carries 1.6 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.
DJT vs PHUN: side by side
| DJT (Trump Media & Technology Group Corp.) | PHUN (Phunware, Inc.) | |
|---|---|---|
| 1-year return | -45.5% | -20.1% |
| 5-year return | -1.8% | -96.0% |
| Volatility (ann.) | 100.8% | 162.6% |
| Beta vs S&P 500 | 1.54 | 1.61 |
| Max drawdown (3Y) | -89.3% | -92.6% |
| Market cap | $2.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DJT | PHUN |
|---|---|---|
| 2022 | -70.8% | -70.6% |
| 2023 | +16.7% | -89.4% |
| 2024 | +94.9% | +26.8% |
| 2025 | -61.2% | -64.4% |
| 2026 | -26.2% | +14.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DJT and PHUN good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DJT and PHUN?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.29 over the last year and 0.94 over 5 years.
Is PHUN a good diversifier for DJT?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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/djt-vs-phun.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/djt-vs-phun/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DJT correlations · PHUN correlations
