NVNI vs UZX: Correlation
Nvni Group Limited (NVNI) and Linkage Global Inc - Class A (UZX) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVNI and UZX?
On 3 years of weekly data the NVNI/UZX correlation comes out at 0.42, moderate. The past 12 months show a weaker link (0.04) than the 3-year average (0.42). The 5-year figure is n/a, and annualized covariance runs at 57850.3 %².
Within NVNI's tracked universe of 60 assets, UZX comes in at #10 by 3-year correlation. The trailing year gives NVNI the advantage: -83.0% versus -94.6%, a 11.6-point spread. Note the risk asymmetry: NVNI runs 6.9 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 UZX: side by side
| NVNI (Nvni Group Limited) | UZX (Linkage Global Inc - Class A) | |
|---|---|---|
| 1-year return | -83.0% | -94.6% |
| 5-year return | -98.9% | n/a |
| Volatility (ann.) | 949.3% | 137.7% |
| Beta vs S&P 500 | -4.03 | 0.09 |
| Max drawdown (3Y) | -99.3% | -99.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NVNI | UZX |
|---|---|---|
| 2022 | +4.4% | – |
| 2023 | -85.4% | – |
| 2024 | +64.4% | -71.7% |
| 2025 | -89.2% | -58.8% |
| 2026 | -60.8% | -93.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVNI and UZX good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NVNI and UZX?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.04 over the last year and n/a over 5 years.
Is UZX a good diversifier for NVNI?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
A reading of 0.42 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nvni-vs-uzx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nvni-vs-uzx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NVNI correlations · UZX correlations
