NVNI vs PSA: Correlation
Measured on weekly returns over the past three years, Nvni Group Limited (NVNI) and Public Storage (PSA) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVNI and PSA?
Over the past 3 years, NVNI and PSA moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.04) runs above the 3-year figure (-0.16). Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -3552.3 %².
By 3-year correlation, PSA places #22 of the 60 assets tracked against NVNI. The last year tells two different stories: PSA led by 94.3 percentage points, -83.0% for NVNI against +11.3% for PSA. Risk is not evenly split, since NVNI carries 41.3 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 PSA: side by side
| NVNI (Nvni Group Limited) | PSA (Public Storage) | |
|---|---|---|
| 1-year return | -83.0% | +11.3% |
| 5-year return | -98.9% | +20.9% |
| Volatility (ann.) | 949.3% | 23.0% |
| Beta vs S&P 500 | -4.03 | 0.59 |
| Max drawdown (3Y) | -99.3% | -25.6% |
| Market cap | – | $58.1B |
| P/E (trailing) | – | 30.3 |
| Dividend yield | 0.00% | 3.78% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | NVNI | PSA |
|---|---|---|
| 2022 | +4.4% | -20.2% |
| 2023 | -85.4% | +13.6% |
| 2024 | +64.4% | +2.1% |
| 2025 | -89.2% | -9.7% |
| 2026 | -60.8% | +22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVNI and PSA good diversifiers for each other?
Yes. With a correlation of -0.16, NVNI and PSA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NVNI and PSA?
As of 2026-08-27, the correlation of weekly returns between NVNI and PSA is -0.16 over 3 years, -0.04 over 1 year and -0.12 over 5 years.
Is PSA a good diversifier for NVNI?
Yes. With a correlation of -0.16, NVNI and PSA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 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-psa.json
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[](https://www.pairbook.io/pair/nvni-vs-psa/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NVNI correlations · PSA correlations
