MDRR vs NVNI: Correlation
Medalist Diversified, Inc. (MDRR) and Nvni Group Limited (NVNI) show a weak relationship: their 3-year correlation of weekly returns is 0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MDRR and NVNI?
Across a 3-year window, the weekly returns of MDRR and NVNI correlate at 0.25, weak. The past 12 months show a weaker link (-0.02) than the 3-year average (0.25). Stretching to 5 years gives 0.18, with an annualized covariance of 6731.9 %².
Among the 36 assets we track against MDRR, NVNI ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MDRR ahead by 87.8 points (+4.8% versus -83.0%). Note the risk asymmetry: NVNI runs 33.8 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.
MDRR vs NVNI: side by side
| MDRR (Medalist Diversified, Inc.) | NVNI (Nvni Group Limited) | |
|---|---|---|
| 1-year return | +4.8% | -83.0% |
| 5-year return | -31.3% | -98.9% |
| Volatility (ann.) | 28.1% | 949.3% |
| Beta vs S&P 500 | -0.02 | -4.03 |
| Max drawdown (3Y) | -29.5% | -99.3% |
| Market cap | – | – |
| P/E (trailing) | 3.1 | – |
| Dividend yield | 2.21% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MDRR | NVNI |
|---|---|---|
| 2022 | -37.3% | +4.4% |
| 2023 | -4.0% | -85.4% |
| 2024 | +28.6% | +64.4% |
| 2025 | -5.5% | -89.2% |
| 2026 | -0.7% | -60.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MDRR and NVNI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.25 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MDRR and NVNI?
Using weekly returns as of 2026-08-27: 0.25 over 3 years, with -0.02 over the last year and 0.18 over 5 years.
Is NVNI a good diversifier for MDRR?
Yes, to a useful degree: a correlation of 0.25 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.25 mean?
On the −1 to +1 scale, 0.25 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/mdrr-vs-nvni.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mdrr-vs-nvni/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MDRR correlations · NVNI correlations
