LXP vs NVNI: Correlation
Measured on weekly returns over the past three years, LXP Industrial Trust (LXP) and Nvni Group Limited (NVNI) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LXP and NVNI?
Across a 3-year window, the weekly returns of LXP and NVNI correlate at -0.19, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.09) sits close to the 3-year figure. Stretching to 5 years gives -0.13, with an annualized covariance of -4112.5 %².
NVNI is close to the least connected end of LXP's tracked universe, ranking #10 of 12. The last year tells two different stories: LXP led by 125.2 percentage points, +42.2% for LXP against -83.0% for NVNI. Note the risk asymmetry: NVNI runs 42.4 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.
LXP vs NVNI: side by side
| LXP (LXP Industrial Trust) | NVNI (Nvni Group Limited) | |
|---|---|---|
| 1-year return | +42.2% | -83.0% |
| 5-year return | +17.3% | -98.9% |
| Volatility (ann.) | 22.4% | 949.3% |
| Beta vs S&P 500 | 0.62 | -4.03 |
| Max drawdown (3Y) | -27.8% | -99.3% |
| Market cap | $3.6B | – |
| P/E (trailing) | 61.7 | – |
| Dividend yield | 4.55% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LXP | NVNI |
|---|---|---|
| 2022 | -33.0% | +4.4% |
| 2023 | +4.3% | -85.4% |
| 2024 | -13.2% | +64.4% |
| 2025 | +29.8% | -89.2% |
| 2026 | +26.6% | -60.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LXP and NVNI good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LXP and NVNI?
The LXP/NVNI correlation stands at -0.19 on a 3-year window (1 year: -0.09, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is NVNI a good diversifier for LXP?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
A reading of -0.19 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/lxp-vs-nvni.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lxp-vs-nvni/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LXP correlations · NVNI correlations
