NVNI vs TVRD: Correlation
Nvni Group Limited (NVNI) and Tvardi Therapeutics, Inc. (TVRD) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVNI and TVRD?
Over the past 3 years, NVNI and TVRD moved with a correlation of 0.33, which is moderate. The link has loosened recently: the 1-year correlation (-0.06) runs below the 3-year figure (0.33). Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 37286.1 %².
Within NVNI's tracked universe of 60 assets, TVRD comes in at #12 by 3-year correlation. Over the last 12 months NVNI came out ahead by 11.1 percentage points (-83.0% against -94.1%). One caveat on sizing: NVNI is 7.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 TVRD: side by side
| NVNI (Nvni Group Limited) | TVRD (Tvardi Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -83.0% | -94.1% |
| 5-year return | -98.9% | -99.7% |
| Volatility (ann.) | 949.3% | 119.7% |
| Beta vs S&P 500 | -4.03 | 1.39 |
| Max drawdown (3Y) | -99.3% | -98.5% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NVNI | TVRD |
|---|---|---|
| 2022 | +4.4% | -11.8% |
| 2023 | -85.4% | -93.1% |
| 2024 | +64.4% | -31.4% |
| 2025 | -89.2% | -76.6% |
| 2026 | -60.8% | -58.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVNI and TVRD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NVNI and TVRD?
The NVNI/TVRD correlation stands at 0.33 on a 3-year window (1 year: -0.06, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is TVRD a good diversifier for NVNI?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 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-tvrd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nvni-vs-tvrd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NVNI correlations · TVRD correlations
