CIEN vs. DFDV

Last updated Jun 13, 2026

CIEN (Ciena Corporation) and DFDV (DeFi Development Corp) are both stocks. Both are in the Technology sector — CIEN in Communication Equipment, DFDV in Software - Infrastructure. Over the past year, CIEN returned 518.04% vs -86.75% for DFDV. At a 0.11 correlation, their price movements are largely independent.

Performance

CIEN vs. DFDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ciena Corporation (CIEN) and DeFi Development Corp (DFDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CIEN achieves a 90.70% return, which is significantly higher than DFDV's -38.61% return.

CIEN

• 1D: 0.17%
• 1M: -19.56%
• YTD: 90.70%
• 6M: 104.17%
• 1Y: 518.04%
• 3Y*: 119.10%
• 5Y*: 49.92%
• 10Y*: 35.80%

DFDV

• 1D: 5.08%
• 1M: -35.42%
• YTD: -38.61%
• 6M: -44.24%
• 1Y: -86.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CIEN vs. DFDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CIEN Ciena Corporation	90.70%	175.76%	88.42%	6.33%
DFDV DeFi Development Corp	-38.61%	700.93%	-41.08%	-74.25%

Correlation

The correlation between CIEN and DFDV is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (All Time) Calculated using the full available price history since Jul 25, 2023	0.11

The correlation between CIEN and DFDV shifts across timeframes, from 0.11 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap CIEN : $65.25B DFDV : $81.40M
EPS CIEN : $3.01 DFDV : -$6.55
PS Ratio CIEN : 11.65 DFDV : 5.38
PB Ratio CIEN : 22.56 DFDV : 7.99
Total Revenue (TTM) CIEN : $5.57B DFDV : $13.76M
Gross Profit (TTM) CIEN : $2.40B DFDV : $13.42M
EBITDA (TTM) CIEN : $670.55M DFDV : -$117.94M

Return for Risk

CIEN vs. DFDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CIEN

CIEN Risk / Return Rank: 99
CIEN Sharpe Ratio Rank: 100
CIEN Sortino Ratio Rank: 98
CIEN Omega Ratio Rank: 98
CIEN Calmar Ratio Rank: 99
CIEN Martin Ratio Rank: 100

DFDV

DFDV Risk / Return Rank: 9
DFDV Sharpe Ratio Rank: 13
DFDV Sortino Ratio Rank: 6
DFDV Omega Ratio Rank: 9
DFDV Calmar Ratio Rank: 2
DFDV Martin Ratio Rank: 13

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CIEN vs. DFDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ciena Corporation (CIEN) and DeFi Development Corp (DFDV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CIEN	DFDV	Difference
Sharpe ratio: Return per unit of total volatility	7.58	-0.69	+8.27
Sortino ratio: Return per unit of downside risk	4.89	-1.53	+6.42
Omega ratio: Gain probability vs. loss probability	1.72	0.84	+0.88
Calmar ratio: Return relative to maximum drawdown	16.49	-0.98	+17.48
Martin ratio: Return relative to average drawdown	76.44	-1.28	+77.72

CIEN vs. DFDV - Sharpe Ratio Comparison

The current CIEN Sharpe Ratio is 7.58, which is higher than the DFDV Sharpe Ratio of -0.69. The chart below compares the historical Sharpe Ratios of CIEN and DFDV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CIEN vs. DFDV - Drawdown Comparison

The maximum CIEN drawdown since its inception was -99.51%, which is greater than DFDV's maximum drawdown of -93.13%. Use the drawdown chart below to compare losses from any high point for CIEN and DFDV.

Drawdown Indicators

	CIEN	DFDV	Difference
Max Drawdown Largest peak-to-trough decline	-99.51%	-93.13%	-6.38%
Max Drawdown (1Y) Largest decline over 1 year	-30.68%	-90.66%	+59.98%
Max Drawdown (3Y) Largest decline over 3 years	-45.51%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-49.54%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-49.54%	—	—
Current Drawdown Current decline from peak	-57.38%	-91.98%	+34.60%
Average Drawdown Average peak-to-trough decline	-87.08%	-72.84%	-14.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.61%	70.13%	-63.52%

Volatility

CIEN vs. DFDV - Volatility Comparison

The current volatility for Ciena Corporation (CIEN) is 24.81%, while DeFi Development Corp (DFDV) has a volatility of 28.47%. This indicates that CIEN experiences smaller price fluctuations and is considered to be less risky than DFDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CIEN	DFDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.81%	28.47%	-3.66%
Volatility (6M) Calculated over the trailing 6-month period	56.12%	84.19%	-28.07%
Volatility (1Y) Calculated over the trailing 1-year period	66.74%	131.72%	-64.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.55%	518.02%	-469.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.35%	518.02%	-473.67%

Dividends

CIEN vs. DFDV - Dividend Comparison

Neither CIEN nor DFDV has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both CIEN and DFDV in my portfolio?

CIEN and DFDV have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CIEN or DFDV?

DFDV has higher volatility (28.47%) compared to CIEN (24.81%). In terms of maximum drawdown, CIEN dropped -99.51% vs DFDV's -93.13%.

Which has better risk-adjusted returns?

CIEN currently has the higher Sharpe Ratio (7.58 vs -0.69), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.