NVNI vs SOBR: Correlation
Measured on weekly returns over the past three years, Nvni Group Limited (NVNI) and SOBR Safe, Inc. (SOBR) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVNI and SOBR?
On 3 years of weekly data the NVNI/SOBR correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.17) runs above the 3-year figure (-0.24). The 5-year figure is -0.20, and annualized covariance runs at -36224.2 %².
Among the 60 assets we track against NVNI, SOBR ranks #46 by 3-year correlation. Neither side won the trailing year by much: -83.0% against -86.1%. Note the risk asymmetry: NVNI runs 5.9 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 SOBR: side by side
| NVNI (Nvni Group Limited) | SOBR (SOBR Safe, Inc.) | |
|---|---|---|
| 1-year return | -83.0% | -86.1% |
| 5-year return | -98.9% | -100.0% |
| Volatility (ann.) | 949.3% | 159.6% |
| Beta vs S&P 500 | -4.03 | 1.65 |
| Max drawdown (3Y) | -99.3% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NVNI | SOBR |
|---|---|---|
| 2022 | +4.4% | -89.3% |
| 2023 | -85.4% | -52.5% |
| 2024 | +64.4% | -97.7% |
| 2025 | -89.2% | -81.6% |
| 2026 | -60.8% | -77.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVNI and SOBR good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between NVNI and SOBR?
As of 2026-08-27, the correlation of weekly returns between NVNI and SOBR is -0.24 over 3 years, 0.17 over 1 year and -0.20 over 5 years.
Is SOBR a good diversifier for NVNI?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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.
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Related comparisons
Hubs: NVNI correlations · SOBR correlations
