FIS vs NIVF: Correlation
Measured on weekly returns over the past three years, Fidelity National Information Services (FIS) and NewGenIvf Group Limited - Class A (NIVF) carry a correlation of -0.34, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIS and NIVF?
On 3 years of weekly data the FIS/NIVF correlation comes out at -0.34, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.15) runs above the 3-year figure (-0.34). The 5-year figure is -0.23, and annualized covariance runs at -7358.6 %².
NIVF is close to the least connected end of FIS's tracked universe, ranking #32 of 33. Correlation aside, the last 12 months split them widely, with FIS ahead by 59.9 points (-40.0% versus -99.9%). One caveat on sizing: NIVF is 29.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
FIS vs NIVF: side by side
| FIS (Fidelity National Information Services) | NIVF (NewGenIvf Group Limited - Class A) | |
|---|---|---|
| 1-year return | -40.0% | -99.9% |
| 5-year return | -63.9% | -100.0% |
| Volatility (ann.) | 27.2% | 800.3% |
| Beta vs S&P 500 | 0.57 | 5.34 |
| Max drawdown (3Y) | -56.5% | -100.0% |
| Market cap | $20.9B | – |
| P/E (trailing) | 6.2 | 0.0 |
| Dividend yield | 4.13% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | FIS | NIVF |
|---|---|---|
| 2022 | -36.5% | – |
| 2023 | -8.2% | +6.9% |
| 2024 | +37.0% | -96.3% |
| 2025 | -15.8% | -99.3% |
| 2026 | -37.8% | -98.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIS and NIVF good diversifiers for each other?
Yes. With a correlation of -0.34, FIS and NIVF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FIS and NIVF?
The FIS/NIVF correlation stands at -0.34 on a 3-year window (1 year: 0.15, 5 years: -0.23), computed from weekly returns as of 2026-08-27.
Is NIVF a good diversifier for FIS?
Yes. With a correlation of -0.34, FIS and NIVF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.34 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.
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Related comparisons
Hubs: FIS correlations · NIVF correlations
