CMTG vs NVNI: Correlation
How closely do Claros Mortgage Trust, Inc. (CMTG) and Nvni Group Limited (NVNI) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMTG and NVNI?
Across a 3-year window, the weekly returns of CMTG and NVNI correlate at -0.30, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.03) runs above the 3-year figure (-0.30). Stretching to 5 years gives -0.27, with an annualized covariance of -17792.0 %².
Among the 11 assets we track against CMTG, NVNI sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months CMTG outperformed by 30.3 percentage points (-52.7% for CMTG against -83.0% for NVNI). Note the risk asymmetry: NVNI runs 15.2 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.
CMTG vs NVNI: side by side
| CMTG (Claros Mortgage Trust, Inc.) | NVNI (Nvni Group Limited) | |
|---|---|---|
| 1-year return | -52.7% | -83.0% |
| 5-year return | -87.0% | -98.9% |
| Volatility (ann.) | 62.4% | 949.3% |
| Beta vs S&P 500 | 0.90 | -4.03 |
| Max drawdown (3Y) | -87.6% | -99.3% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMTG | NVNI |
|---|---|---|
| 2022 | -1.4% | +4.4% |
| 2023 | +2.8% | -85.4% |
| 2024 | -64.4% | +64.4% |
| 2025 | -32.3% | -89.2% |
| 2026 | -46.1% | -60.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMTG and NVNI good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CMTG and NVNI?
The CMTG/NVNI correlation stands at -0.30 on a 3-year window (1 year: 0.03, 5 years: -0.27), computed from weekly returns as of 2026-08-27.
Is NVNI a good diversifier for CMTG?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 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/cmtg-vs-nvni.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cmtg-vs-nvni/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CMTG correlations · NVNI correlations
