BOXL vs INV: Correlation
Boxlight Corporation (BOXL) and Innventure, Inc. (INV) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BOXL and INV?
Over the past 3 years, BOXL and INV moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.34) runs below the 3-year figure (-0.21). Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -2473.3 %².
Out of 10 assets tracked against BOXL, INV lands near the bottom at #9. Correlation aside, the last 12 months split them widely, with INV ahead by 21.4 points (-90.8% versus -69.4%).
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.
BOXL vs INV: side by side
| BOXL (Boxlight Corporation) | INV (Innventure, Inc.) | |
|---|---|---|
| 1-year return | -90.8% | -69.4% |
| 5-year return | -99.8% | -85.4% |
| Volatility (ann.) | 131.7% | 90.9% |
| Beta vs S&P 500 | 1.16 | 1.31 |
| Max drawdown (3Y) | -99.3% | -90.4% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BOXL | INV |
|---|---|---|
| 2022 | -77.5% | +1.1% |
| 2023 | -57.0% | +7.3% |
| 2024 | -64.3% | +27.8% |
| 2025 | -85.2% | -69.8% |
| 2026 | -40.2% | -65.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BOXL and INV good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BOXL and INV?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.34 over the last year and -0.19 over 5 years.
Is INV a good diversifier for BOXL?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
A reading of -0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/boxl-vs-inv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/boxl-vs-inv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BOXL correlations · INV correlations
