NVNI vs SCHL: Correlation
How closely do Nvni Group Limited (NVNI) and Scholastic Corporation (SCHL) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVNI and SCHL?
On 3 years of weekly data the NVNI/SCHL correlation comes out at -0.28, 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 -0.28 over 3 years. The 5-year figure is -0.22, and annualized covariance runs at -11470.3 %².
Within NVNI's tracked universe of 60 assets, SCHL comes in at #53 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SCHL ahead by 138.1 points (-83.0% versus +55.1%). Note the risk asymmetry: NVNI runs 21.8 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 SCHL: side by side
| NVNI (Nvni Group Limited) | SCHL (Scholastic Corporation) | |
|---|---|---|
| 1-year return | -83.0% | +55.1% |
| 5-year return | -98.9% | +32.0% |
| Volatility (ann.) | 949.3% | 43.5% |
| Beta vs S&P 500 | -4.03 | 0.79 |
| Max drawdown (3Y) | -99.3% | -62.3% |
| Market cap | – | $0.7B |
| P/E (trailing) | – | 17.1 |
| Dividend yield | 0.00% | 2.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NVNI | SCHL |
|---|---|---|
| 2022 | +4.4% | +0.5% |
| 2023 | -85.4% | -2.5% |
| 2024 | +64.4% | -42.0% |
| 2025 | -89.2% | +44.0% |
| 2026 | -60.8% | +33.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVNI and SCHL good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NVNI and SCHL?
The NVNI/SCHL correlation stands at -0.28 on a 3-year window (1 year: 0.02, 5 years: -0.22), computed from weekly returns as of 2026-08-27.
Is SCHL a good diversifier for NVNI?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 mean?
A reading of -0.28 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nvni-vs-schl/)
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Hubs: NVNI correlations · SCHL correlations
