NNI vs ORGO: Correlation
Nelnet, Inc. (NNI) and Organogenesis Holdings Inc. - Class A (ORGO) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NNI and ORGO?
Across a 3-year window, the weekly returns of NNI and ORGO correlate at 0.42, moderate. Little has changed lately, as the 1-year reading of 0.35 lands near the 3-year figure. Stretching to 5 years gives 0.32, with an annualized covariance of 829.5 %².
By 3-year correlation, ORGO places #9 of the 17 assets tracked against NNI. Their recent paths diverged sharply: over the last 12 months NNI outperformed by 63.8 percentage points (-0.2% for NNI against -64.0% for ORGO). Risk is not evenly split, since ORGO carries 4.1 times the volatility of the other side.
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.
NNI vs ORGO: side by side
| NNI (Nelnet, Inc.) | ORGO (Organogenesis Holdings Inc. - Class A) | |
|---|---|---|
| 1-year return | -0.2% | -64.0% |
| 5-year return | +67.8% | -89.3% |
| Volatility (ann.) | 22.0% | 90.0% |
| Beta vs S&P 500 | 0.59 | 1.25 |
| Max drawdown (3Y) | -18.5% | -74.5% |
| Market cap | $4.6B | $0.2B |
| P/E (trailing) | 15.3 | – |
| Dividend yield | 1.01% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NNI | ORGO |
|---|---|---|
| 2022 | -6.0% | -70.9% |
| 2023 | -1.6% | +52.0% |
| 2024 | +22.4% | -21.8% |
| 2025 | +25.7% | +61.9% |
| 2026 | -3.7% | -66.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NNI and ORGO good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NNI and ORGO?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.35 over the last year and 0.32 over 5 years.
Is ORGO a good diversifier for NNI?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 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/nni-vs-orgo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nni-vs-orgo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NNI correlations · ORGO correlations
