FNGR vs NVNI: Correlation
Measured on weekly returns over the past three years, FingerMotion, Inc. (FNGR) and Nvni Group Limited (NVNI) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGR and NVNI?
Across a 3-year window, the weekly returns of FNGR 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 0.05 versus -0.27 over 3 years. Stretching to 5 years gives -0.09, with an annualized covariance of -24173.2 %².
Out of 10 assets tracked against FNGR, NVNI lands near the bottom at #10. The trailing year gives NVNI the advantage: -89.2% versus -83.0%, a 6.2-point spread. Risk is not evenly split, since NVNI carries 10.1 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.
FNGR vs NVNI: side by side
| FNGR (FingerMotion, Inc.) | NVNI (Nvni Group Limited) | |
|---|---|---|
| 1-year return | -89.2% | -83.0% |
| 5-year return | -96.1% | -98.9% |
| Volatility (ann.) | 94.3% | 949.3% |
| Beta vs S&P 500 | 0.99 | -4.03 |
| Max drawdown (3Y) | -97.9% | -99.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGR | NVNI |
|---|---|---|
| 2022 | -60.5% | +4.4% |
| 2023 | +43.1% | -85.4% |
| 2024 | -70.1% | +64.4% |
| 2025 | +2.5% | -89.2% |
| 2026 | -85.9% | -60.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGR and NVNI good diversifiers for each other?
Yes. With a correlation of -0.27, FNGR and NVNI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FNGR and NVNI?
The FNGR/NVNI correlation stands at -0.27 on a 3-year window (1 year: 0.05, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is NVNI a good diversifier for FNGR?
Yes. With a correlation of -0.27, FNGR 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/fngr-vs-nvni.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fngr-vs-nvni/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FNGR correlations · NVNI correlations
