MOS vs NVNI: Correlation
Mosaic Company (The) (MOS) and Nvni Group Limited (NVNI) show a negative relationship: their 3-year correlation of weekly returns is -0.13.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MOS and NVNI?
Across a 3-year window, the weekly returns of MOS and NVNI correlate at -0.13, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.14) runs above the 3-year figure (-0.13). Stretching to 5 years gives -0.09, with an annualized covariance of -4563.6 %².
Within MOS's tracked universe of 33 assets, NVNI comes in at #25 by 3-year correlation. The last year tells two different stories: MOS led by 56.4 percentage points, -26.6% for MOS against -83.0% for NVNI. One caveat on sizing: NVNI is 25.9 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.
MOS vs NVNI: side by side
| MOS (Mosaic Company (The)) | NVNI (Nvni Group Limited) | |
|---|---|---|
| 1-year return | -26.6% | -83.0% |
| 5-year return | -17.1% | -98.9% |
| Volatility (ann.) | 36.6% | 949.3% |
| Beta vs S&P 500 | 0.78 | -4.03 |
| Max drawdown (3Y) | -45.7% | -99.3% |
| Market cap | $7.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 3.64% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | MOS | NVNI |
|---|---|---|
| 2022 | +12.8% | +4.4% |
| 2023 | -16.4% | -85.4% |
| 2024 | -29.1% | +64.4% |
| 2025 | +1.1% | -89.2% |
| 2026 | +0.5% | -60.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MOS and NVNI good diversifiers for each other?
Yes. With a correlation of -0.13, MOS and NVNI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MOS and NVNI?
Using weekly returns as of 2026-08-27: -0.13 over 3 years, with 0.14 over the last year and -0.09 over 5 years.
Is NVNI a good diversifier for MOS?
Yes. With a correlation of -0.13, MOS and NVNI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.13 mean?
On the −1 to +1 scale, -0.13 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/mos-vs-nvni.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mos-vs-nvni/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MOS correlations · NVNI correlations
