LOOP vs NVNI: Correlation
How closely do Loop Industries, Inc. (LOOP) 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 LOOP and NVNI?
Across a 3-year window, the weekly returns of LOOP and NVNI correlate at -0.20, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.11 over 1 year against -0.20 over 3. Stretching to 5 years gives -0.14, with an annualized covariance of -13768.4 %².
Out of 11 assets tracked against LOOP, NVNI lands near the bottom at #11. Their recent paths diverged sharply: over the last 12 months LOOP outperformed by 20.1 percentage points (-62.9% for LOOP against -83.0% for NVNI). Note the risk asymmetry: NVNI runs 12.9 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.
LOOP vs NVNI: side by side
| LOOP (Loop Industries, Inc.) | NVNI (Nvni Group Limited) | |
|---|---|---|
| 1-year return | -62.9% | -83.0% |
| 5-year return | -93.8% | -98.9% |
| Volatility (ann.) | 73.7% | 949.3% |
| Beta vs S&P 500 | 0.96 | -4.03 |
| Max drawdown (3Y) | -87.5% | -99.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LOOP | NVNI |
|---|---|---|
| 2022 | -80.5% | +4.4% |
| 2023 | +58.2% | -85.4% |
| 2024 | -68.3% | +64.4% |
| 2025 | -16.7% | -89.2% |
| 2026 | -44.3% | -60.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOOP 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 LOOP and NVNI?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.11 over the last year and -0.14 over 5 years.
Is NVNI a good diversifier for LOOP?
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?
On the −1 to +1 scale, -0.20 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/loop-vs-nvni.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/loop-vs-nvni/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LOOP correlations · NVNI correlations
