INV vs JEF: Correlation
Innventure, Inc. (INV) and Jefferies Financial Group Inc. (JEF) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INV and JEF?
Across a 3-year window, the weekly returns of INV and JEF correlate at 0.34, moderate. Little has changed lately, as the 1-year reading of 0.28 lands near the 3-year figure. Stretching to 5 years gives 0.28, with an annualized covariance of 1223.8 %².
Few assets follow INV as closely as JEF, which ranks #2 of 16 tracked partners. Correlation aside, the last 12 months split them widely, with JEF ahead by 53.5 points (-69.4% versus -15.9%). One caveat on sizing: INV is 2.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
INV vs JEF: side by side
| INV (Innventure, Inc.) | JEF (Jefferies Financial Group Inc.) | |
|---|---|---|
| 1-year return | -69.4% | -15.9% |
| 5-year return | -85.4% | +73.8% |
| Volatility (ann.) | 90.9% | 39.3% |
| Beta vs S&P 500 | 1.31 | 1.57 |
| Max drawdown (3Y) | -90.4% | -54.4% |
| Market cap | $0.1B | $10.7B |
| P/E (trailing) | – | 14.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INV | JEF |
|---|---|---|
| 2022 | +1.1% | -8.5% |
| 2023 | +7.3% | +27.7% |
| 2024 | +27.8% | +98.8% |
| 2025 | -69.8% | -18.8% |
| 2026 | -65.1% | -12.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INV and JEF good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between INV and JEF?
The INV/JEF correlation stands at 0.34 on a 3-year window (1 year: 0.28, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is JEF a good diversifier for INV?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/inv-vs-jef.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/inv-vs-jef/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: INV correlations · JEF correlations
