GLPI vs NVNI: Correlation
Gaming and Leisure Properties, Inc. (GLPI) and Nvni Group Limited (NVNI) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLPI and NVNI?
Over the past 3 years, GLPI and NVNI moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.11) than the 3-year average (-0.22). Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -3605.6 %².
NVNI is close to the least connected end of GLPI's tracked universe, ranking #10 of 12. Their recent paths diverged sharply: over the last 12 months GLPI outperformed by 77.5 percentage points (-5.5% for GLPI against -83.0% for NVNI). Note the risk asymmetry: NVNI runs 55.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
GLPI vs NVNI: side by side
| GLPI (Gaming and Leisure Properties, Inc.) | NVNI (Nvni Group Limited) | |
|---|---|---|
| 1-year return | -5.5% | -83.0% |
| 5-year return | +19.9% | -98.9% |
| Volatility (ann.) | 17.1% | 949.3% |
| Beta vs S&P 500 | 0.29 | -4.03 |
| Max drawdown (3Y) | -14.9% | -99.3% |
| Market cap | $12.7B | – |
| P/E (trailing) | 12.4 | – |
| Dividend yield | 7.42% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GLPI | NVNI |
|---|---|---|
| 2022 | +13.5% | +4.4% |
| 2023 | +0.9% | -85.4% |
| 2024 | +3.9% | +64.4% |
| 2025 | -0.8% | -89.2% |
| 2026 | -2.1% | -60.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLPI and NVNI good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between GLPI and NVNI?
The GLPI/NVNI correlation stands at -0.22 on a 3-year window (1 year: -0.11, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is NVNI a good diversifier for GLPI?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
A reading of -0.22 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/glpi-vs-nvni.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/glpi-vs-nvni/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GLPI correlations · NVNI correlations
