HTH vs NVNI: Correlation
Hilltop Holdings Inc. (HTH) and Nvni Group Limited (NVNI) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HTH and NVNI?
Over the past 3 years, HTH and NVNI moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.11 over 1 year against -0.21 over 3. Over 5 years the correlation is -0.15, and the annualized covariance of weekly returns is -4837.2 %².
Out of 14 assets tracked against HTH, NVNI lands near the bottom at #12. Correlation aside, the last 12 months split them widely, with HTH ahead by 94.8 points (+11.8% versus -83.0%). Note the risk asymmetry: NVNI runs 39.4 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.
HTH vs NVNI: side by side
| HTH (Hilltop Holdings Inc.) | NVNI (Nvni Group Limited) | |
|---|---|---|
| 1-year return | +11.8% | -83.0% |
| 5-year return | +29.0% | -98.9% |
| Volatility (ann.) | 24.1% | 949.3% |
| Beta vs S&P 500 | 0.61 | -4.03 |
| Max drawdown (3Y) | -21.8% | -99.3% |
| Market cap | $2.2B | – |
| P/E (trailing) | 14.3 | – |
| Dividend yield | 1.97% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HTH | NVNI |
|---|---|---|
| 2022 | -12.9% | +4.4% |
| 2023 | +19.8% | -85.4% |
| 2024 | -16.9% | +64.4% |
| 2025 | +21.3% | -89.2% |
| 2026 | +15.5% | -60.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HTH and NVNI good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HTH and NVNI?
The HTH/NVNI correlation stands at -0.21 on a 3-year window (1 year: -0.11, 5 years: -0.15), computed from weekly returns as of 2026-08-27.
Is NVNI a good diversifier for HTH?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
A reading of -0.21 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/hth-vs-nvni.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hth-vs-nvni/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HTH correlations · NVNI correlations
