NEA vs VIVS: Correlation
Measured on weekly returns over the past three years, Nuveen AMT-Free Quality Municipal Income Fund (NEA) and VivoSim Labs, Inc. (VIVS) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NEA and VIVS?
Over the past 3 years, NEA and VIVS moved with a correlation of 0.39, which is moderate. Recent behaviour matches the longer record: 0.41 over 1 year against 0.39 over 3. Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 459.1 %².
Among the 36 assets we track against NEA, VIVS ranks #31 by 3-year correlation. The last year tells two different stories: NEA led by 94.5 percentage points, +10.4% for NEA against -84.1% for VIVS. Note the risk asymmetry: VIVS runs 10.0 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.
NEA vs VIVS: side by side
| NEA (Nuveen AMT-Free Quality Municipal Income Fund) | VIVS (VivoSim Labs, Inc.) | |
|---|---|---|
| 1-year return | +10.4% | -84.1% |
| 5-year return | -4.4% | -99.7% |
| Volatility (ann.) | 10.9% | 109.4% |
| Beta vs S&P 500 | 0.28 | 1.58 |
| Max drawdown (3Y) | -11.3% | -98.7% |
| Market cap | $3.4B | – |
| P/E (trailing) | 14.5 | – |
| Dividend yield | 7.70% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NEA | VIVS |
|---|---|---|
| 2022 | -23.3% | -61.2% |
| 2023 | +0.8% | -21.3% |
| 2024 | +9.5% | -58.6% |
| 2025 | +11.3% | -67.2% |
| 2026 | +1.7% | -83.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NEA and VIVS good diversifiers for each other?
Reasonably. At 0.39, NEA and VIVS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between NEA and VIVS?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.41 over the last year and 0.29 over 5 years.
Is VIVS a good diversifier for NEA?
Reasonably. At 0.39, NEA and VIVS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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/nea-vs-vivs.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nea-vs-vivs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NEA correlations · VIVS correlations
