MAMA vs NVNI: Correlation
Mama's Creations, Inc. (MAMA) and Nvni Group Limited (NVNI) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAMA and NVNI?
Over the past 3 years, MAMA and NVNI moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.09) runs above the 3-year figure (-0.26). Over 5 years the correlation is -0.18, and the annualized covariance of weekly returns is -12043.8 %².
Among the 11 assets we track against MAMA, NVNI sits near the bottom by co-movement, at rank #10. Their recent paths diverged sharply: over the last 12 months MAMA outperformed by 170.4 percentage points (+87.4% for MAMA against -83.0% for NVNI). Risk is not evenly split, since NVNI carries 19.3 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.
MAMA vs NVNI: side by side
| MAMA (Mama's Creations, Inc.) | NVNI (Nvni Group Limited) | |
|---|---|---|
| 1-year return | +87.4% | -83.0% |
| 5-year return | +535.7% | -98.9% |
| Volatility (ann.) | 49.3% | 949.3% |
| Beta vs S&P 500 | 0.49 | -4.03 |
| Max drawdown (3Y) | -42.5% | -99.3% |
| Market cap | $0.7B | – |
| P/E (trailing) | 106.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MAMA | NVNI |
|---|---|---|
| 2022 | -10.7% | +4.4% |
| 2023 | +173.5% | -85.4% |
| 2024 | +62.1% | +64.4% |
| 2025 | +69.5% | -89.2% |
| 2026 | +18.8% | -60.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAMA and NVNI good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MAMA and NVNI?
As of 2026-08-27, the correlation of weekly returns between MAMA and NVNI is -0.26 over 3 years, -0.09 over 1 year and -0.18 over 5 years.
Is NVNI a good diversifier for MAMA?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
A reading of -0.26 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/mama-vs-nvni.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mama-vs-nvni/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MAMA correlations · NVNI correlations
