EVTC vs NNI: Correlation
Evertec, Inc. (EVTC) and Nelnet, Inc. (NNI) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVTC and NNI?
Across a 3-year window, the weekly returns of EVTC and NNI correlate at 0.52, moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.52 over 3. Stretching to 5 years gives 0.51, with an annualized covariance of 361.0 %².
Few assets follow EVTC as closely as NNI, which ranks #1 of 10 tracked partners. Correlation aside, the last 12 months split them widely, with NNI ahead by 18.5 points (-18.7% versus -0.2%).
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.
EVTC vs NNI: side by side
| EVTC (Evertec, Inc.) | NNI (Nelnet, Inc.) | |
|---|---|---|
| 1-year return | -18.7% | -0.2% |
| 5-year return | -34.3% | +67.8% |
| Volatility (ann.) | 31.3% | 22.0% |
| Beta vs S&P 500 | 0.68 | 0.59 |
| Max drawdown (3Y) | -46.4% | -18.5% |
| Market cap | $1.8B | $4.6B |
| P/E (trailing) | 19.4 | 15.3 |
| Dividend yield | 0.67% | 1.01% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVTC | NNI |
|---|---|---|
| 2022 | -34.9% | -6.0% |
| 2023 | +27.1% | -1.6% |
| 2024 | -15.2% | +22.4% |
| 2025 | -15.4% | +25.7% |
| 2026 | +1.9% | -3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVTC and NNI good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between EVTC and NNI?
The EVTC/NNI correlation stands at 0.52 on a 3-year window (1 year: 0.49, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is NNI a good diversifier for EVTC?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 mean?
A reading of 0.52 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/evtc-vs-nni.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/evtc-vs-nni/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EVTC correlations · NNI correlations
