NVNI vs TRST: Correlation
Nvni Group Limited (NVNI) and TrustCo Bank Corp NY (TRST) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVNI and TRST?
On 3 years of weekly data the NVNI/TRST correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.10 over 1 year against -0.19 over 3. The 5-year figure is -0.15, and annualized covariance runs at -4708.3 %².
Among the 60 assets we track against NVNI, TRST ranks #31 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TRST ahead by 133.9 points (-83.0% versus +50.9%). Risk is not evenly split, since NVNI carries 36.2 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 TRST: side by side
| NVNI (Nvni Group Limited) | TRST (TrustCo Bank Corp NY) | |
|---|---|---|
| 1-year return | -83.0% | +50.9% |
| 5-year return | -98.9% | +121.0% |
| Volatility (ann.) | 949.3% | 26.2% |
| Beta vs S&P 500 | -4.03 | 0.68 |
| Max drawdown (3Y) | -99.3% | -26.2% |
| Market cap | – | $1.0B |
| P/E (trailing) | – | 15.9 |
| Dividend yield | 0.00% | 2.66% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NVNI | TRST |
|---|---|---|
| 2022 | +4.4% | +17.6% |
| 2023 | -85.4% | -13.3% |
| 2024 | +64.4% | +12.4% |
| 2025 | -89.2% | +29.3% |
| 2026 | -60.8% | +41.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVNI and TRST good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between NVNI and TRST?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.10 over the last year and -0.15 over 5 years.
Is TRST a good diversifier for NVNI?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
A reading of -0.19 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: NVNI correlations · TRST correlations
