CLPR vs NVNI: Correlation
Clipper Realty Inc. (CLPR) and Nvni Group Limited (NVNI) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLPR and NVNI?
Across a 3-year window, the weekly returns of CLPR and NVNI correlate at 0.42, moderate. The link has loosened recently: the 1-year correlation (-0.14) runs below the 3-year figure (0.42). Stretching to 5 years gives 0.38, with an annualized covariance of 18305.0 %².
Few assets follow CLPR as closely as NVNI, which ranks #1 of 12 tracked partners. The last year tells two different stories: CLPR led by 68.4 percentage points, -14.6% for CLPR against -83.0% for NVNI. Note the risk asymmetry: NVNI runs 20.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CLPR vs NVNI: side by side
| CLPR (Clipper Realty Inc.) | NVNI (Nvni Group Limited) | |
|---|---|---|
| 1-year return | -14.6% | -83.0% |
| 5-year return | -40.2% | -98.9% |
| Volatility (ann.) | 45.5% | 949.3% |
| Beta vs S&P 500 | 0.61 | -4.03 |
| Max drawdown (3Y) | -52.3% | -99.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 11.31% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLPR | NVNI |
|---|---|---|
| 2022 | -32.7% | +4.4% |
| 2023 | -9.5% | -85.4% |
| 2024 | -7.9% | +64.4% |
| 2025 | -8.0% | -89.2% |
| 2026 | -3.0% | -60.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLPR and NVNI good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CLPR and NVNI?
As of 2026-08-27, the correlation of weekly returns between CLPR and NVNI is 0.42 over 3 years, -0.14 over 1 year and 0.38 over 5 years.
Is NVNI a good diversifier for CLPR?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/clpr-vs-nvni.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/clpr-vs-nvni/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CLPR correlations · NVNI correlations
