DeFi Technologies (DEFT)
Market Price (3/30/2026): $0.4998 | Market Cap: $171.9 MilSector: Financials | Industry: Diversified Capital Markets
DeFi Technologies (DEFT)
Market Price (3/30/2026): $0.4998Market Cap: $171.9 MilSector: FinancialsIndustry: Diversified Capital Markets
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.8% | Weak multi-year price returns2Y Excs Rtn is -110%, 3Y Excs Rtn is -150% | Penny stockMkt Price is 0.5 |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -130% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -47%, Rev Chg QQuarterly Revenue Change % is -20% | |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -75% | Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 18% | |
| Megatrend and thematic driversMegatrends include Crypto & Blockchain, and Digital & Alternative Assets. Themes include Cryptocurrency Exchanges, Blockchain Enterprise Solutions, Show more. | Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -206%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -206% | |
| Key risksDEFT key risks include [1] an active securities fraud lawsuit alleging strategic delays and a likely revenue guidance miss, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.8% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -130% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -75% |
| Megatrend and thematic driversMegatrends include Crypto & Blockchain, and Digital & Alternative Assets. Themes include Cryptocurrency Exchanges, Blockchain Enterprise Solutions, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -110%, 3Y Excs Rtn is -150% |
| Penny stockMkt Price is 0.5 |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -47%, Rev Chg QQuarterly Revenue Change % is -20% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 18% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -206%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -206% |
| Key risksDEFT key risks include [1] an active securities fraud lawsuit alleging strategic delays and a likely revenue guidance miss, Show more. |
Qualitative Assessment
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DeFi Technologies (DEFT) stock has lost about 70% since 11/30/2025 because of the following key factors:
1. DeFi Technologies reported a significant miss in its Q3 2025 earnings and substantially revised its full-year 2025 revenue guidance. The company announced Q3 2025 earnings on November 14, 2025, reporting an earnings per share (EPS) of $0.01, missing analysts' consensus estimates of $0.07 by $0.06. Quarterly revenue was $22.53 million, falling short of analysts' expectations of $41 million. Concurrently, DeFi Technologies revised its 2025 revenue guidance downward from $218.6 million to $116.6 million, attributing this adjustment to a delay in executing DeFi Alpha arbitrage opportunities due to the proliferation of digital asset treasury companies and compressed trading spreads in the latter half of 2025.
2. The company faces uncertainty and potential regulatory action regarding a possible delay in its 2025 annual financial filings. On March 23, 2026, DeFi Technologies announced it might miss the March 31, 2026, deadline for filing its annual financial statements for the year ended December 31, 2025. This potential delay is due to the timing of receiving a SOC 2 Type 2 report from a material third-party counterparty required for audit procedures. While the company stated this is not due to financial statement issues or internal control weaknesses, it may incur substantial incremental audit costs and has applied for a temporary management cease trade order (MCTO), which would restrict certain insiders from trading if a filing default occurs.
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1. DeFi Technologies reported a significant miss in its Q3 2025 earnings and substantially revised its full-year 2025 revenue guidance. The company announced Q3 2025 earnings on November 14, 2025, reporting an earnings per share (EPS) of $0.01, missing analysts' consensus estimates of $0.07 by $0.06. Quarterly revenue was $22.53 million, falling short of analysts' expectations of $41 million. Concurrently, DeFi Technologies revised its 2025 revenue guidance downward from $218.6 million to $116.6 million, attributing this adjustment to a delay in executing DeFi Alpha arbitrage opportunities due to the proliferation of digital asset treasury companies and compressed trading spreads in the latter half of 2025.
2. The company faces uncertainty and potential regulatory action regarding a possible delay in its 2025 annual financial filings. On March 23, 2026, DeFi Technologies announced it might miss the March 31, 2026, deadline for filing its annual financial statements for the year ended December 31, 2025. This potential delay is due to the timing of receiving a SOC 2 Type 2 report from a material third-party counterparty required for audit procedures. While the company stated this is not due to financial statement issues or internal control weaknesses, it may incur substantial incremental audit costs and has applied for a temporary management cease trade order (MCTO), which would restrict certain insiders from trading if a filing default occurs.
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Stock Movement Drivers
Fundamental Drivers
The -68.4% change in DEFT stock from 11/30/2025 to 3/29/2026 was primarily driven by a -68.4% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.52 | 0.48 | -68.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 90 | 90 | 0.0% |
| Net Income Margin (%) | 10.6% | 10.6% | 0.0% |
| P/E Multiple | 54.9 | 17.4 | -68.4% |
| Shares Outstanding (Mil) | 344 | 344 | 0.0% |
| Cumulative Contribution | -68.4% |
Market Drivers
11/30/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| DEFT | -68.4% | |
| Market (SPY) | -5.3% | 53.4% |
| Sector (XLF) | -10.0% | 35.3% |
Fundamental Drivers
The -76.9% change in DEFT stock from 8/31/2025 to 3/29/2026 was primarily driven by a -51.7% change in the company's Net Income Margin (%).| (LTM values as of) | 8312025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.08 | 0.48 | -76.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 96 | 90 | -5.9% |
| Net Income Margin (%) | 21.9% | 10.6% | -51.7% |
| P/E Multiple | 32.8 | 17.4 | -47.0% |
| Shares Outstanding (Mil) | 330 | 344 | -4.0% |
| Cumulative Contribution | -76.9% |
Market Drivers
8/31/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| DEFT | -76.9% | |
| Market (SPY) | 0.6% | 52.1% |
| Sector (XLF) | -10.8% | 36.2% |
Fundamental Drivers
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Market Drivers
2/28/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| DEFT | ||
| Market (SPY) | 9.8% | 48.0% |
| Sector (XLF) | -7.1% | 36.3% |
Fundamental Drivers
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Market Drivers
2/28/2023 to 3/29/2026| Return | Correlation | |
|---|---|---|
| DEFT | ||
| Market (SPY) | 69.4% | 48.0% |
| Sector (XLF) | 40.5% | 36.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| DEFT Return | - | - | - | - | -82% | -24% | -86% |
| Peers Return | 39% | -85% | 360% | 3% | 21% | -3% | 18% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -5% | 72% |
Monthly Win Rates [3] | |||||||
| DEFT Win Rate | - | - | - | - | 12% | 0% | |
| Peers Win Rate | 40% | 33% | 75% | 45% | 63% | 33% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| DEFT Max Drawdown | - | - | - | - | -82% | -32% | |
| Peers Max Drawdown | -26% | -86% | -6% | -45% | -40% | -18% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -5% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: COIN, MARA, RIOT, CLSK, HUT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)
How Low Can It Go
DEFT has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -26.9% | -25.4% |
| % Gain to Breakeven | 36.7% | 34.1% |
| Time to Breakeven | 525 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -43.3% | -33.9% |
| % Gain to Breakeven | 76.5% | 51.3% |
| Time to Breakeven | 295 days | 148 days |
| 2018 Correction | ||
| % Loss | -26.1% | -19.8% |
| % Gain to Breakeven | 35.2% | 24.7% |
| Time to Breakeven | 338 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -83.7% | -56.8% |
| % Gain to Breakeven | 515.2% | 131.3% |
| Time to Breakeven | 4,470 days | 1,480 days |
Compare to COIN, MARA, RIOT, CLSK, HUT
In The Past
SPDR Select Sector Fund's stock fell -26.9% during the 2022 Inflation Shock from a high on 1/12/2022. A -26.9% loss requires a 36.7% gain to breakeven.
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About DeFi Technologies (DEFT)
N/A
AI Analysis | Feedback
- The BlackRock or Vanguard for decentralized finance (DeFi) investments.
- A Grayscale Investments for a broader range of decentralized finance (DeFi) assets.
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- Exchange Traded Products (ETPs): Offers institutional-grade, regulated investment products providing exposure to digital assets like Bitcoin and Ethereum.
- Bitcoin Mining Operations: Manages and operates facilities dedicated to the energy-intensive process of mining new Bitcoin.
- Venture Investments: Invests in promising early-stage companies and protocols within the decentralized finance and Web3 space.
- Proprietary Trading: Engages in strategic trading of digital assets to capitalize on market opportunities and generate returns.
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Major Customers of DeFi Technologies (DEFT)
DeFi Technologies Inc. (symbol: DEFT) primarily offers financial products and services related to decentralized finance (DeFi) and digital assets. Through its subsidiary, Valour Inc., the company issues exchange-traded products (ETPs) that provide investors with exposure to various cryptocurrencies. Therefore, the company sells primarily to investors.
The categories of customers it serves are:
- Retail Investors: Individual investors who seek a simple and regulated way to gain exposure to digital assets like Bitcoin, Ethereum, and other cryptocurrencies through traditional brokerage accounts by purchasing Valour's ETPs.
- Institutional Investors: Professional asset managers, hedge funds, family offices, and other large financial institutions that invest in Valour's digital asset ETPs for portfolio diversification, strategic allocation to the digital asset space, or to manage risk without direct custody of cryptocurrencies.
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- Coinbase Global, Inc. (COIN)
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```htmlJohan Wattenström
Chief Executive Officer & Executive Chairman
Johan Wattenström is a co-founder of Valour and DeFi Technologies, bringing nearly two decades of experience in digital assets, trading, and financial infrastructure. He previously founded and served as CEO of XBT Provider, the issuer of the world's first Bitcoin ETP, which was later acquired by CoinShares. Additionally, he founded Nortide Capital, a global digital-asset trading and market-making firm.
Paul Bozoki
Chief Financial Officer
Paul Bozoki was appointed CFO in January 2025. He is a seasoned financial executive with approximately 30 years of experience in accounting, tax, and capital markets. He has served as a CFO in various industries, including private equity, real estate, software, mining, and manufacturing, and has extensive international experience. Mr. Bozoki holds CPA designations in Ontario, Canada, and New Hampshire, USA, and an MBA from the Richard Ivey School of Business.
Russell Starr
Executive Chairman
Russell Starr is an accomplished entrepreneur and financier with extensive capital markets and industry expertise. He previously served as the CEO of DeFi Technologies and was instrumental in bringing the company to be listed on Nasdaq. Mr. Starr is a co-founder and part-owner of Echelon Wealth Partners, a Canadian investment dealer. He was also involved in the sale of Cayden Resources for CAD$205 million to Agnico Eagle.
Andrew Forson
President
Andrew Forson serves as the President of DeFi Technologies. He is also listed as Chief Growth Officer for Valour, DeFi Technologies' European ETP platform.
Philippe Lucet
General Counsel & Corporate Secretary
Philippe Lucet holds the positions of General Counsel and Corporate Secretary at DeFi Technologies. He is also listed as General Counsel for Valour.
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The key risks to DeFi Technologies (DEFT) are:-
Volatility of the Cryptocurrency Market
DeFi Technologies' business model is inherently tied to the performance and value of digital assets. The company's exchange-traded products (ETPs) and asset management services are directly impacted by the significant price fluctuations and overall volatility characteristic of the cryptocurrency market. Any downturns in digital asset prices can adversely affect the company's assets under management (AUM) and revenue generation. -
Regulatory Uncertainty in the Decentralized Finance (DeFi) Space
The decentralized finance sector, in which DeFi Technologies operates, currently faces an evolving and often unclear regulatory landscape. A lack of comprehensive regulatory clarity, particularly concerning digital assets and DeFi protocols, introduces significant risks. Potential new regulations or changes to existing ones could impact the company's product offerings, operational structure, expansion strategies (especially into markets like the U.S.), and overall business model, potentially leading to increased compliance costs or restrictions on its activities. -
Security and Operational Risks of DeFi Technologies
DeFi Technologies, by engaging with decentralized finance, is exposed to inherent technological and operational risks. These include vulnerabilities in smart contracts, potential for hacks, exploits, and various forms of fraud prevalent within the DeFi ecosystem. Such security breaches or operational failures can lead to substantial financial losses, reputational damage, and a decline in investor trust in the company's products and services.
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nullAI Analysis | Feedback
DeFi Technologies (symbol: DEFT) operates within the rapidly expanding decentralized finance (DeFi) and broader digital asset markets. The company's main products and services include issuing exchange-traded products (ETPs) through its subsidiary Valour, digital asset management, trading and liquidity services, and venture investments in blockchain infrastructure companies.
The addressable markets for DeFi Technologies' offerings are substantial:
- Decentralized Finance (DeFi) Market: The global decentralized finance market size was estimated at USD 26.94 billion in 2025 and is projected to reach USD 1,417.65 billion by 2033, growing at a compound annual growth rate (CAGR) of 68.2% from 2026 to 2033. Other estimates place the global DeFi market at USD 238.54 billion in 2026, projected to reach USD 770.56 billion by 2031, expanding at a 26.43% CAGR. Another report indicates the global decentralized finance market size was valued at USD 32.36 billion in 2025 and is predicted to increase to approximately USD 1976.09 billion by 2035, expanding at a CAGR of 50.86% from 2026 to 2035.
- Exchange-Traded Products (ETPs) / Digital Asset ETPs: The global exchange-traded fund (ETF) industry, which encompasses ETPs, recorded total assets under management (AUM) of approximately US$14.8 trillion worldwide by Q4 2024. Specifically in the United States, assets invested in the ETFs industry reached a new record of US$14.28 trillion at the end of February 2026. European ETFs saw their total AUM approach US$2.3 trillion by the end of 2024. Digital Asset ETPs, such as spot Bitcoin ETPs, have shown significant growth, with the five largest US ETPs collectively reaching over $70 billion in AUM by the end of 2024.
- Blockchain Infrastructure Market: The global blockchain market is projected to grow from USD 32.99 billion in 2025 to USD 393.45 billion by 2030 at a CAGR of 64.2%. Another projection for the blockchain in infrastructure market estimates a valuation of USD 110.24 billion by 2032, expanding at a CAGR of 26.11% from 2024 to 2032. The global blockchain technology market size is also estimated to reach USD 1.43 trillion by 2030, registering a CAGR of 90.1% from 2025 to 2030.
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Here are 3-5 expected drivers of future revenue growth for DeFi Technologies (DEFT) over the next 2-3 years:
- Growth in Assets Under Management (AUM) and Net Inflows into ETPs: DeFi Technologies' Valour platform has consistently reported record Assets Under Management (AUM) and strong net inflows into its Exchange Traded Products (ETPs). As of September 30, 2025, AUM reached approximately $989.1 million, with Q3 net inflows of $38.8 million and year-to-date inflows of $116.2 million. The company also expanded its product offering, reaching 100 ETPs in October 2025, which are key components of its recurring revenue.
- Geographic Expansion: The company has been actively expanding its market reach, with listings on the London Stock Exchange, SIX Swiss Exchange, and Brazil's B3 exchange in 2025. DeFi Technologies plans to continue this geographic expansion in 2026, targeting further growth across Europe, Latin America, Africa, and the Middle East.
- Monetization of DeFi Alpha Opportunities: While DeFi Alpha-related revenues experienced delays in 2025 due to market conditions, management anticipates deploying more capital and increasing monetization rates from these arbitrage trading opportunities. This is expected to follow infrastructure upgrades and the company's recent $100 million equity raise, supported by a bullish outlook on cryptocurrency prices.
- Launch of "Valour Custody" as a Standalone Business Line: In 2026, DeFi Technologies plans to launch Valour Custody, making its internal custody platform available to external clients. This new standalone business line is expected to generate an additional revenue stream by offering its robust custody solutions to other market participants.
- Expansion into Decentralized Market Services and Growth of Stillman Digital: The company intends to expand into decentralized market services in 2026. Additionally, its subsidiary, Stillman Digital, has demonstrated growth, generating $2.2 million in trading commissions in Q3 2025 and contributing significantly to the company's overall revenue, further enhancing its institutional trading capabilities.
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```htmlCapital Allocation Decisions for DeFi Technologies (DEFT)
Share Repurchases
- DeFi Technologies announced a Normal Course Issuer Bid (NCIB) to repurchase up to 31,673,791 common shares, representing 10% of its public float, effective from August 26, 2025, through August 26, 2026.
Share Issuance
- As of September 2025, the company's 6-Month Share Buyback Ratio was -18.04%, suggesting potential share issuance during that period.
- Basic Shares Outstanding were 385.8 million as of October 1, 2025, with Fully Diluted Shares Outstanding at 393.2 million as of December 31, 2025.
Outbound Investments
- DeFi Technologies is involved in early-stage investments in companies, banks, and foundations within the digital asset sector.
- The company operates through various integrated business lines, including Valour for regulated exchange-traded products, Stillman Digital for institutional-grade digital asset prime brokerage, and DeFi Alpha for arbitrage trading.
Capital Expenditures
- In the 12 months prior to March 2026, capital expenditures were approximately -24.15K.
Trade Ideas
Select ideas related to DEFT.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 02282026 | NDAQ | Nasdaq | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 02272026 | JEF | Jefferies Financial | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 02272026 | ALAB | Astera Labs | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
| 02272026 | PAYO | Payoneer Global | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
| 02272026 | FOUR | Shift4 Payments | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 10.73 |
| Mkt Cap | 3.7 |
| Rev LTM | 716 |
| Op Inc LTM | -242 |
| FCF LTM | -916 |
| FCF 3Y Avg | -604 |
| CFO LTM | -344 |
| CFO 3Y Avg | -178 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 23.8% |
| Rev Chg 3Y Avg | 101.7% |
| Rev Chg Q | -12.8% |
| QoQ Delta Rev Chg LTM | -3.6% |
| Op Mgn LTM | -37.1% |
| Op Mgn 3Y Avg | -45.5% |
| QoQ Delta Op Mgn LTM | -7.6% |
| CFO/Rev LTM | -88.5% |
| CFO/Rev 3Y Avg | -70.5% |
| FCF/Rev LTM | -154.7% |
| FCF/Rev 3Y Avg | -154.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 3.7 |
| P/S | 4.6 |
| P/EBIT | -4.6 |
| P/E | -4.5 |
| P/CFO | -4.2 |
| Total Yield | -7.6% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -20.1% |
| D/E | 0.2 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -12.0% |
| 3M Rtn | -18.5% |
| 6M Rtn | -40.8% |
| 12M Rtn | 6.5% |
| 3Y Rtn | 95.6% |
| 1M Excs Rtn | -7.5% |
| 3M Excs Rtn | -13.6% |
| 6M Excs Rtn | -38.5% |
| 12M Excs Rtn | -16.6% |
| 3Y Excs Rtn | 21.7% |
Segment Financials
Revenue by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| DeFi | 11 | ||||
| DeFi Bermuda | 0 | ||||
| Valour Inc | -3 | ||||
| Single segment | -10 | 12 | 2 | -1 | |
| Total | 8 | -10 | 12 | 2 | -1 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| DeFi | 4 | ||||
| DeFi Bermuda | 0 | ||||
| Valour Inc | -19 | ||||
| Total | -15 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Valour Inc | 446 | ||||
| DeFi | 0 | ||||
| DeFi Bermuda | 0 | ||||
| Total | 446 |
Price Behavior
Price Behavior
| Market Price | $0.48 | |
| Market Cap ($ Bil) | 0.2 | |
| First Trading Date | 12/28/2006 | |
| Distance from 52W High | -88.7% | |
| 50 Days | 200 Days | |
| DMA Price | $2.29 | $2.29 |
| DMA Trend | down | down |
| Distance from DMA | -79.0% | -79.0% |
| 3M | 1YR | |
| Volatility | 115.4% | 97.5% |
| Downside Capture | 3.82 | 3.32 |
| Upside Capture | 540.50 | 182.65 |
| Correlation (SPY) | 59.6% |
DEFT Betas & Captures as of 2/28/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 4.68 | 4.58 | 4.20 | 4.11 | 0.40 | -0.11 |
| Up Beta | 9.03 | 6.02 | 6.71 | 6.34 | -0.63 | -0.94 |
| Down Beta | 0.50 | 4.51 | 3.21 | 3.20 | -0.83 | 1.97 |
| Up Capture | 399% | 453% | 135% | 229% | 78% | 9% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 8 | 17 | 22 | 47 | 77 | 77 |
| Down Capture | 472% | 374% | 453% | 316% | 165% | 105% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 13 | 23 | 38 | 71 | 115 | 115 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DEFT | |
|---|---|---|---|---|
| DEFT | -87.7% | 97.6% | -2.02 | - |
| Sector ETF (XLF) | -4.0% | 19.2% | -0.33 | 36.1% |
| Equity (SPY) | 14.5% | 18.9% | 0.59 | 47.9% |
| Gold (GLD) | 50.2% | 27.7% | 1.46 | 3.5% |
| Commodities (DBC) | 17.8% | 17.6% | 0.85 | 4.7% |
| Real Estate (VNQ) | 0.4% | 16.4% | -0.15 | 26.4% |
| Bitcoin (BTCUSD) | -23.7% | 44.2% | -0.49 | 52.3% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DEFT | |
|---|---|---|---|---|
| DEFT | -34.2% | 97.6% | -2.02 | - |
| Sector ETF (XLF) | 9.1% | 18.7% | 0.37 | 36.1% |
| Equity (SPY) | 11.8% | 17.0% | 0.54 | 47.9% |
| Gold (GLD) | 20.7% | 17.7% | 0.96 | 3.5% |
| Commodities (DBC) | 11.6% | 18.9% | 0.50 | 4.7% |
| Real Estate (VNQ) | 3.0% | 18.8% | 0.07 | 26.4% |
| Bitcoin (BTCUSD) | 4.0% | 56.6% | 0.29 | 52.3% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DEFT | |
|---|---|---|---|---|
| DEFT | -18.9% | 97.6% | -2.02 | - |
| Sector ETF (XLF) | 12.0% | 22.1% | 0.50 | 36.1% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 47.9% |
| Gold (GLD) | 13.3% | 15.8% | 0.70 | 3.5% |
| Commodities (DBC) | 8.2% | 17.6% | 0.39 | 4.7% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | 26.4% |
| Bitcoin (BTCUSD) | 66.4% | 66.8% | 1.06 | 52.3% |
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Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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