GALT vs NVNI: Correlation
Galectin Therapeutics Inc. (GALT) and Nvni Group Limited (NVNI) show a negative relationship: their 3-year correlation of weekly returns is -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GALT and NVNI?
Across a 3-year window, the weekly returns of GALT and NVNI correlate at -0.29, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.10) than the 3-year average (-0.29). Stretching to 5 years gives -0.25, with an annualized covariance of -27069.0 %².
NVNI is close to the least connected end of GALT's tracked universe, ranking #11 of 11. Correlation aside, the last 12 months split them widely, with GALT ahead by 87.0 points (+4.0% versus -83.0%). One caveat on sizing: NVNI is 9.5 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.
GALT vs NVNI: side by side
| GALT (Galectin Therapeutics Inc.) | NVNI (Nvni Group Limited) | |
|---|---|---|
| 1-year return | +4.0% | -83.0% |
| 5-year return | +7.5% | -98.9% |
| Volatility (ann.) | 99.6% | 949.3% |
| Beta vs S&P 500 | 0.29 | -4.03 |
| Max drawdown (3Y) | -80.0% | -99.3% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GALT | NVNI |
|---|---|---|
| 2022 | -45.4% | +4.4% |
| 2023 | +46.9% | -85.4% |
| 2024 | -22.3% | +64.4% |
| 2025 | +222.5% | -89.2% |
| 2026 | -0.5% | -60.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GALT and NVNI good diversifiers for each other?
Yes. With a correlation of -0.29, GALT and NVNI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GALT and NVNI?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with 0.10 over the last year and -0.25 over 5 years.
Is NVNI a good diversifier for GALT?
Yes. With a correlation of -0.29, GALT and NVNI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 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/galt-vs-nvni.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/galt-vs-nvni/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GALT correlations · NVNI correlations
