NIVF vs SMWB: Correlation
How closely do NewGenIvf Group Limited - Class A (NIVF) and Similarweb Ltd. (SMWB) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NIVF and SMWB?
Across a 3-year window, the weekly returns of NIVF and SMWB correlate at -0.29, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.09) than the 3-year average (-0.29). Stretching to 5 years gives -0.24, with an annualized covariance of -15832.4 %².
Among the 37 assets we track against NIVF, SMWB ranks #29 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SMWB outperformed by 94.0 percentage points (-99.9% for NIVF against -5.9% for SMWB). Note the risk asymmetry: NIVF runs 11.8 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.
NIVF vs SMWB: side by side
| NIVF (NewGenIvf Group Limited - Class A) | SMWB (Similarweb Ltd.) | |
|---|---|---|
| 1-year return | -99.9% | -5.9% |
| 5-year return | -100.0% | -52.1% |
| Volatility (ann.) | 800.3% | 68.1% |
| Beta vs S&P 500 | 5.34 | 0.91 |
| Max drawdown (3Y) | -100.0% | -86.7% |
| Market cap | – | $0.8B |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NIVF | SMWB |
|---|---|---|
| 2022 | – | -64.1% |
| 2023 | +6.9% | -17.1% |
| 2024 | -96.3% | +165.9% |
| 2025 | -99.3% | -47.1% |
| 2026 | -98.1% | +22.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NIVF and SMWB good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NIVF and SMWB?
As of 2026-08-27, the correlation of weekly returns between NIVF and SMWB is -0.29 over 3 years, 0.09 over 1 year and -0.24 over 5 years.
Is SMWB a good diversifier for NIVF?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 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/nivf-vs-smwb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nivf-vs-smwb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NIVF correlations · SMWB correlations
