NVNI vs UFPI: Correlation
Measured on weekly returns over the past three years, Nvni Group Limited (NVNI) and UFP Industries, Inc. (UFPI) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVNI and UFPI?
On 3 years of weekly data the NVNI/UFPI correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.13 lands near the 3-year figure. The 5-year figure is -0.16, and annualized covariance runs at -5955.1 %².
By 3-year correlation, UFPI places #37 of the 60 assets tracked against NVNI. The last year tells two different stories: UFPI led by 66.9 percentage points, -83.0% for NVNI against -16.1% for UFPI. Note the risk asymmetry: NVNI runs 32.3 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 UFPI: side by side
| NVNI (Nvni Group Limited) | UFPI (UFP Industries, Inc.) | |
|---|---|---|
| 1-year return | -83.0% | -16.1% |
| 5-year return | -98.9% | +16.0% |
| Volatility (ann.) | 949.3% | 29.4% |
| Beta vs S&P 500 | -4.03 | 0.82 |
| Max drawdown (3Y) | -99.3% | -41.9% |
| Market cap | – | $4.7B |
| P/E (trailing) | – | 19.7 |
| Dividend yield | 0.00% | 1.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NVNI | UFPI |
|---|---|---|
| 2022 | +4.4% | -12.9% |
| 2023 | -85.4% | +60.3% |
| 2024 | +64.4% | -9.3% |
| 2025 | -89.2% | -18.0% |
| 2026 | -60.8% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVNI and UFPI good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between NVNI and UFPI?
As of 2026-08-27, the correlation of weekly returns between NVNI and UFPI is -0.21 over 3 years, -0.13 over 1 year and -0.16 over 5 years.
Is UFPI a good diversifier for NVNI?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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-ufpi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nvni-vs-ufpi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NVNI correlations · UFPI correlations
