CTAS vs NVNI: Correlation
Cintas (CTAS) and Nvni Group Limited (NVNI) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTAS and NVNI?
Across a 3-year window, the weekly returns of CTAS and NVNI correlate at -0.27, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.26 versus -0.27 over 3 years. Stretching to 5 years gives -0.21, with an annualized covariance of -5974.1 %².
Out of 38 assets tracked against CTAS, NVNI lands near the bottom at #34. Correlation aside, the last 12 months split them widely, with CTAS ahead by 79.7 points (-3.3% versus -83.0%). Risk is not evenly split, since NVNI carries 40.9 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.
CTAS vs NVNI: side by side
| CTAS (Cintas) | NVNI (Nvni Group Limited) | |
|---|---|---|
| 1-year return | -3.3% | -83.0% |
| 5-year return | +117.4% | -98.9% |
| Volatility (ann.) | 23.2% | 949.3% |
| Beta vs S&P 500 | 0.71 | -4.03 |
| Max drawdown (3Y) | -27.7% | -99.3% |
| Market cap | $81.7B | – |
| P/E (trailing) | 41.8 | – |
| Dividend yield | 0.87% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | CTAS | NVNI |
|---|---|---|
| 2022 | +3.0% | +4.4% |
| 2023 | +34.8% | -85.4% |
| 2024 | +22.2% | +64.4% |
| 2025 | +3.8% | -89.2% |
| 2026 | +9.4% | -60.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTAS and NVNI good diversifiers for each other?
Yes. With a correlation of -0.27, CTAS and NVNI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CTAS and NVNI?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with 0.26 over the last year and -0.21 over 5 years.
Is NVNI a good diversifier for CTAS?
Yes. With a correlation of -0.27, CTAS and NVNI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ctas-vs-nvni.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ctas-vs-nvni/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CTAS correlations · NVNI correlations
