HSIC vs NVNI: Correlation
How closely do Henry Schein (HSIC) and Nvni Group Limited (NVNI) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HSIC and NVNI?
Over the past 3 years, HSIC and NVNI moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.11) sits close to the 3-year figure. Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -4741.9 %².
NVNI is close to the least connected end of HSIC's tracked universe, ranking #32 of 34. Their recent paths diverged sharply: over the last 12 months HSIC outperformed by 113.9 percentage points (+30.9% for HSIC against -83.0% for NVNI). Risk is not evenly split, since NVNI carries 37.7 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.
HSIC vs NVNI: side by side
| HSIC (Henry Schein) | NVNI (Nvni Group Limited) | |
|---|---|---|
| 1-year return | +30.9% | -83.0% |
| 5-year return | +20.1% | -98.9% |
| Volatility (ann.) | 25.2% | 949.3% |
| Beta vs S&P 500 | 0.33 | -4.03 |
| Max drawdown (3Y) | -24.3% | -99.3% |
| Market cap | $10.1B | – |
| P/E (trailing) | 26.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | HSIC | NVNI |
|---|---|---|
| 2022 | +3.0% | +4.4% |
| 2023 | -5.2% | -85.4% |
| 2024 | -8.6% | +64.4% |
| 2025 | +9.2% | -89.2% |
| 2026 | +19.4% | -60.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HSIC and NVNI good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between HSIC and NVNI?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.11 over the last year and -0.16 over 5 years.
Is NVNI a good diversifier for HSIC?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
A reading of -0.20 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/hsic-vs-nvni.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hsic-vs-nvni/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HSIC correlations · NVNI correlations
