GDDY vs NIVF: Correlation
How closely do GoDaddy (GDDY) and NewGenIvf Group Limited - Class A (NIVF) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDDY and NIVF?
On 3 years of weekly data the GDDY/NIVF correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.09) than the 3-year average (-0.22). The 5-year figure is -0.19, and annualized covariance runs at -5930.0 %².
Among the 32 assets we track against GDDY, NIVF ranks #26 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GDDY ahead by 65.5 points (-34.4% versus -99.9%). Risk is not evenly split, since NIVF carries 23.8 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.
GDDY vs NIVF: side by side
| GDDY (GoDaddy) | NIVF (NewGenIvf Group Limited - Class A) | |
|---|---|---|
| 1-year return | -34.4% | -99.9% |
| 5-year return | +32.1% | -100.0% |
| Volatility (ann.) | 33.6% | 800.3% |
| Beta vs S&P 500 | 0.93 | 5.34 |
| Max drawdown (3Y) | -65.0% | -100.0% |
| Market cap | $12.3B | – |
| P/E (trailing) | 14.4 | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | GDDY | NIVF |
|---|---|---|
| 2022 | -11.8% | – |
| 2023 | +41.9% | +6.9% |
| 2024 | +85.9% | -96.3% |
| 2025 | -37.1% | -99.3% |
| 2026 | -21.8% | -98.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDDY and NIVF good diversifiers for each other?
Yes. With a correlation of -0.22, GDDY and NIVF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GDDY and NIVF?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.09 over the last year and -0.19 over 5 years.
Is NIVF a good diversifier for GDDY?
Yes. With a correlation of -0.22, GDDY and NIVF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 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: GDDY correlations · NIVF correlations
