NVNI vs SBUX: Correlation
How closely do Nvni Group Limited (NVNI) and Starbucks (SBUX) trade together? Their weekly returns over three years give a correlation of -0.16, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVNI and SBUX?
On 3 years of weekly data the NVNI/SBUX correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.02 versus -0.16 over 3 years. The 5-year figure is -0.14, and annualized covariance runs at -5289.3 %².
Among the 60 assets we track against NVNI, SBUX ranks #23 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SBUX outperformed by 108.5 percentage points (-83.0% for NVNI against +25.5% for SBUX). Risk is not evenly split, since NVNI carries 27.8 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 SBUX: side by side
| NVNI (Nvni Group Limited) | SBUX (Starbucks) | |
|---|---|---|
| 1-year return | -83.0% | +25.5% |
| 5-year return | -98.9% | +4.5% |
| Volatility (ann.) | 949.3% | 34.2% |
| Beta vs S&P 500 | -4.03 | 1.10 |
| Max drawdown (3Y) | -99.3% | -32.0% |
| Market cap | – | $122.3B |
| P/E (trailing) | – | 62.7 |
| Dividend yield | 0.00% | 2.29% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | NVNI | SBUX |
|---|---|---|
| 2022 | +4.4% | -13.2% |
| 2023 | -85.4% | -1.2% |
| 2024 | +64.4% | -2.5% |
| 2025 | -89.2% | -5.3% |
| 2026 | -60.8% | +29.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVNI and SBUX good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between NVNI and SBUX?
As of 2026-08-27, the correlation of weekly returns between NVNI and SBUX is -0.16 over 3 years, 0.02 over 1 year and -0.14 over 5 years.
Is SBUX a good diversifier for NVNI?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
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-sbux.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nvni-vs-sbux/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NVNI correlations · SBUX correlations
