GMEX vs NVNI: Correlation
GMEX ROBOTICS CORPORATION - Class A (GMEX) 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 GMEX and NVNI?
Across a 3-year window, the weekly returns of GMEX and NVNI correlate at -0.22, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.01) runs above the 3-year figure (-0.22). Stretching to 5 years gives n/a, with an annualized covariance of -41425.2 %².
Out of 17 assets tracked against GMEX, NVNI lands near the bottom at #15. Correlation aside, the last 12 months split them widely, with NVNI ahead by 17.0 points (-100.0% versus -83.0%). Note the risk asymmetry: NVNI runs 4.9 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.
GMEX vs NVNI: side by side
| GMEX (GMEX ROBOTICS CORPORATION - Class A) | NVNI (Nvni Group Limited) | |
|---|---|---|
| 1-year return | -100.0% | -83.0% |
| 5-year return | n/a | -98.9% |
| Volatility (ann.) | 195.3% | 949.3% |
| Beta vs S&P 500 | 2.43 | -4.03 |
| Max drawdown (3Y) | -100.0% | -99.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 4710.28% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GMEX | NVNI |
|---|---|---|
| 2022 | – | +4.4% |
| 2023 | – | -85.4% |
| 2024 | +471.2% | +64.4% |
| 2025 | -99.6% | -89.2% |
| 2026 | -99.6% | -60.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GMEX 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 GMEX and NVNI?
As of 2026-08-27, the correlation of weekly returns between GMEX and NVNI is -0.22 over 3 years, 0.01 over 1 year and n/a over 5 years.
Is NVNI a good diversifier for GMEX?
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?
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gmex-vs-nvni.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gmex-vs-nvni/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GMEX correlations · NVNI correlations
