IR vs NVNI: Correlation
Ingersoll Rand (IR) and Nvni Group Limited (NVNI) show a negative relationship: their 3-year correlation of weekly returns is -0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IR and NVNI?
On 3 years of weekly data the IR/NVNI correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.03) runs above the 3-year figure (-0.16). The 5-year figure is -0.13, and annualized covariance runs at -4628.4 %².
By 3-year correlation, NVNI places #53 of the 61 assets tracked against IR. Correlation aside, the last 12 months split them widely, with IR ahead by 81.0 points (-2.0% versus -83.0%). Risk is not evenly split, since NVNI carries 31.9 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.
IR vs NVNI: side by side
| IR (Ingersoll Rand) | NVNI (Nvni Group Limited) | |
|---|---|---|
| 1-year return | -2.0% | -83.0% |
| 5-year return | +49.2% | -98.9% |
| Volatility (ann.) | 29.8% | 949.3% |
| Beta vs S&P 500 | 1.17 | -4.03 |
| Max drawdown (3Y) | -36.6% | -99.3% |
| Market cap | $30.6B | – |
| P/E (trailing) | 32.6 | – |
| Dividend yield | 0.15% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | IR | NVNI |
|---|---|---|
| 2022 | -15.4% | +4.4% |
| 2023 | +48.2% | -85.4% |
| 2024 | +17.1% | +64.4% |
| 2025 | -12.3% | -89.2% |
| 2026 | -0.2% | -60.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IR and NVNI good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between IR and NVNI?
As of 2026-08-27, the correlation of weekly returns between IR and NVNI is -0.16 over 3 years, -0.03 over 1 year and -0.13 over 5 years.
Is NVNI a good diversifier for IR?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
What does a correlation of -0.16 mean?
A reading of -0.16 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/ir-vs-nvni.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ir-vs-nvni/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IR correlations · NVNI correlations
