BXP vs NVRI: Correlation
How closely do BXP, Inc. (BXP) and Enviri Corporation (NVRI) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BXP and NVRI?
On 3 years of weekly data the BXP/NVRI correlation comes out at 0.49, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.29 versus 0.49 over 3 years. The 5-year figure is 0.37, and annualized covariance runs at 807.1 %².
By 3-year correlation, NVRI places #27 of the 45 assets tracked against BXP. Their recent paths diverged sharply: over the last 12 months NVRI outperformed by 95.1 percentage points (+2.9% for BXP against +98.0% for NVRI). Risk is not evenly split, since NVRI carries 1.5 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.
BXP vs NVRI: side by side
| BXP (BXP, Inc.) | NVRI (Enviri Corporation) | |
|---|---|---|
| 1-year return | +2.9% | +98.0% |
| 5-year return | -18.9% | +22.4% |
| Volatility (ann.) | 33.1% | 49.8% |
| Beta vs S&P 500 | 1.02 | 1.20 |
| Max drawdown (3Y) | -39.0% | -60.7% |
| Market cap | $12.7B | $0.6B |
| P/E (trailing) | 37.8 | – |
| Dividend yield | 3.98% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | BXP | NVRI |
|---|---|---|
| 2022 | -38.6% | -62.4% |
| 2023 | +11.0% | +43.1% |
| 2024 | +12.3% | -14.4% |
| 2025 | -4.7% | +132.7% |
| 2026 | +6.2% | +25.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BXP and NVRI good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BXP and NVRI?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.29 over the last year and 0.37 over 5 years.
Is NVRI a good diversifier for BXP?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
A reading of 0.49 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/bxp-vs-nvri.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bxp-vs-nvri/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BXP correlations · NVRI correlations
