NVNI vs OPTX: Correlation
Nvni Group Limited (NVNI) and Syntec Optics Holdings, Inc. (OPTX) show a strong relationship: their 3-year correlation of weekly returns is 0.75.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVNI and OPTX?
Across a 3-year window, the weekly returns of NVNI and OPTX correlate at 0.75, strong. The past 12 months show a weaker link (-0.11) than the 3-year average (0.75). Stretching to 5 years gives 0.75, with an annualized covariance of 137365.0 %².
In NVNI's tracked universe of 60 assets, OPTX sits right near the top at #1. The last year tells two different stories: OPTX led by 532.1 percentage points, -83.0% for NVNI against +449.1% for OPTX. Note the risk asymmetry: NVNI runs 4.9 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.
NVNI vs OPTX: side by side
| NVNI (Nvni Group Limited) | OPTX (Syntec Optics Holdings, Inc.) | |
|---|---|---|
| 1-year return | -83.0% | +449.1% |
| 5-year return | -98.9% | -11.3% |
| Volatility (ann.) | 949.3% | 192.0% |
| Beta vs S&P 500 | -4.03 | 1.00 |
| Max drawdown (3Y) | -99.3% | -93.0% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NVNI | OPTX |
|---|---|---|
| 2022 | +4.4% | – |
| 2023 | -85.4% | -49.7% |
| 2024 | +64.4% | -49.9% |
| 2025 | -89.2% | +13.5% |
| 2026 | -60.8% | +205.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVNI and OPTX good diversifiers for each other?
Only partially. A correlation of 0.75 means NVNI and OPTX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between NVNI and OPTX?
Using weekly returns as of 2026-08-27: 0.75 over 3 years, with -0.11 over the last year and 0.75 over 5 years.
Is OPTX a good diversifier for NVNI?
Only partially. A correlation of 0.75 means NVNI and OPTX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.75 mean?
On the −1 to +1 scale, 0.75 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/nvni-vs-optx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nvni-vs-optx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NVNI correlations · OPTX correlations
