NVNI vs SIDU: Correlation
Measured on weekly returns over the past three years, Nvni Group Limited (NVNI) and Sidus Space, Inc. (SIDU) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVNI and SIDU?
Across a 3-year window, the weekly returns of NVNI and SIDU correlate at 0.53, moderate. Lately the two have drifted apart, with the 1-year correlation at -0.04 versus 0.53 over 3 years. Stretching to 5 years gives 0.36, with an annualized covariance of 95837.6 %².
Among the 60 assets we track against NVNI, SIDU ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SIDU outperformed by 170.9 percentage points (-83.0% for NVNI against +87.9% for SIDU). Risk is not evenly split, since NVNI carries 5.0 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 SIDU: side by side
| NVNI (Nvni Group Limited) | SIDU (Sidus Space, Inc.) | |
|---|---|---|
| 1-year return | -83.0% | +87.9% |
| 5-year return | -98.9% | -99.8% |
| Volatility (ann.) | 949.3% | 190.7% |
| Beta vs S&P 500 | -4.03 | 1.29 |
| Max drawdown (3Y) | -99.3% | -96.6% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NVNI | SIDU |
|---|---|---|
| 2022 | +4.4% | -89.6% |
| 2023 | -85.4% | -91.9% |
| 2024 | +64.4% | -44.4% |
| 2025 | -89.2% | -35.9% |
| 2026 | -60.8% | -25.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVNI and SIDU good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between NVNI and SIDU?
As of 2026-08-27, the correlation of weekly returns between NVNI and SIDU is 0.53 over 3 years, -0.04 over 1 year and 0.36 over 5 years.
Is SIDU a good diversifier for NVNI?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 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-sidu.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: NVNI correlations · SIDU correlations
