LW vs NVNI: Correlation
Measured on weekly returns over the past three years, Lamb Weston Holdings, Inc. (LW) and Nvni Group Limited (NVNI) carry a correlation of -0.30, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LW and NVNI?
Across a 3-year window, the weekly returns of LW and NVNI correlate at -0.30, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.27) sits close to the 3-year figure. Stretching to 5 years gives -0.27, with an annualized covariance of -12307.4 %².
Out of 17 assets tracked against LW, NVNI lands near the bottom at #15. Their recent paths diverged sharply: over the last 12 months LW outperformed by 82.7 percentage points (-0.3% for LW against -83.0% for NVNI). One caveat on sizing: NVNI is 22.0 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.
LW vs NVNI: side by side
| LW (Lamb Weston Holdings, Inc.) | NVNI (Nvni Group Limited) | |
|---|---|---|
| 1-year return | -0.3% | -83.0% |
| 5-year return | -6.1% | -98.9% |
| Volatility (ann.) | 43.2% | 949.3% |
| Beta vs S&P 500 | 0.44 | -4.03 |
| Max drawdown (3Y) | -63.1% | -99.3% |
| Market cap | $7.5B | – |
| P/E (trailing) | 26.6 | – |
| Dividend yield | 2.71% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LW | NVNI |
|---|---|---|
| 2022 | +42.9% | +4.4% |
| 2023 | +22.3% | -85.4% |
| 2024 | -37.0% | +64.4% |
| 2025 | -35.7% | -89.2% |
| 2026 | +34.1% | -60.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LW and NVNI good diversifiers for each other?
Yes. With a correlation of -0.30, LW and NVNI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LW and NVNI?
As of 2026-08-27, the correlation of weekly returns between LW and NVNI is -0.30 over 3 years, -0.27 over 1 year and -0.27 over 5 years.
Is NVNI a good diversifier for LW?
Yes. With a correlation of -0.30, LW and NVNI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 mean?
A reading of -0.30 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/lw-vs-nvni.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lw-vs-nvni/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LW correlations · NVNI correlations
