NVNI vs PHIO: Correlation
Nvni Group Limited (NVNI) and Phio Pharmaceuticals Corp. (PHIO) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVNI and PHIO?
Over the past 3 years, NVNI and PHIO moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.05 versus -0.19 over 3 years. Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -20867.5 %².
By 3-year correlation, PHIO places #30 of the 60 assets tracked against NVNI. Their recent paths diverged sharply: over the last 12 months PHIO outperformed by 38.2 percentage points (-83.0% for NVNI against -44.8% for PHIO). Risk is not evenly split, since NVNI carries 8.3 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.
NVNI vs PHIO: side by side
| NVNI (Nvni Group Limited) | PHIO (Phio Pharmaceuticals Corp.) | |
|---|---|---|
| 1-year return | -83.0% | -44.8% |
| 5-year return | -98.9% | -99.5% |
| Volatility (ann.) | 949.3% | 113.9% |
| Beta vs S&P 500 | -4.03 | 1.91 |
| Max drawdown (3Y) | -99.3% | -96.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NVNI | PHIO |
|---|---|---|
| 2022 | +4.4% | -62.8% |
| 2023 | -85.4% | -83.0% |
| 2024 | +64.4% | -73.7% |
| 2025 | -89.2% | -41.7% |
| 2026 | -60.8% | +6.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVNI and PHIO good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between NVNI and PHIO?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with 0.05 over the last year and -0.13 over 5 years.
Is PHIO a good diversifier for NVNI?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 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/nvni-vs-phio.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nvni-vs-phio/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NVNI correlations · PHIO correlations
