NEU vs VIVK: Correlation
NewMarket Corp (NEU) and Vivakor, Inc. (VIVK) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NEU and VIVK?
On 3 years of weekly data the NEU/VIVK correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.27 lands near the 3-year figure. The 5-year figure is -0.16, and annualized covariance runs at -1006.0 %².
Among the 10 assets we track against NEU, VIVK sits near the bottom by co-movement, at rank #9. The last year tells two different stories: NEU led by 114.1 percentage points, +14.1% for NEU against -100.0% for VIVK. Note the risk asymmetry: VIVK runs 5.3 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.
NEU vs VIVK: side by side
| NEU (NewMarket Corp) | VIVK (Vivakor, Inc.) | |
|---|---|---|
| 1-year return | +14.1% | -100.0% |
| 5-year return | +195.8% | -100.0% |
| Volatility (ann.) | 27.9% | 148.8% |
| Beta vs S&P 500 | 0.58 | 1.02 |
| Max drawdown (3Y) | -32.8% | -100.0% |
| Market cap | $8.5B | – |
| P/E (trailing) | 19.9 | – |
| Dividend yield | 1.27% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NEU | VIVK |
|---|---|---|
| 2022 | -6.7% | -86.8% |
| 2023 | +79.1% | +1.8% |
| 2024 | -1.5% | +16.6% |
| 2025 | +32.3% | -99.2% |
| 2026 | +35.6% | -97.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NEU and VIVK good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between NEU and VIVK?
The NEU/VIVK correlation stands at -0.24 on a 3-year window (1 year: -0.27, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is VIVK a good diversifier for NEU?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/neu-vs-vivk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/neu-vs-vivk/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NEU correlations · VIVK correlations
