NVNI vs VICI: Correlation
How closely do Nvni Group Limited (NVNI) and Vici Properties (VICI) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVNI and VICI?
Across a 3-year window, the weekly returns of NVNI and VICI correlate at -0.21, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.06) runs above the 3-year figure (-0.21). Stretching to 5 years gives -0.16, with an annualized covariance of -3567.2 %².
Within NVNI's tracked universe of 60 assets, VICI comes in at #38 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VICI outperformed by 64.3 percentage points (-83.0% for NVNI against -18.7% for VICI). Risk is not evenly split, since NVNI carries 52.7 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 VICI: side by side
| NVNI (Nvni Group Limited) | VICI (Vici Properties) | |
|---|---|---|
| 1-year return | -83.0% | -18.7% |
| 5-year return | -98.9% | +9.9% |
| Volatility (ann.) | 949.3% | 18.0% |
| Beta vs S&P 500 | -4.03 | 0.35 |
| Max drawdown (3Y) | -99.3% | -19.1% |
| Market cap | – | $28.4B |
| P/E (trailing) | – | 10.1 |
| Dividend yield | 0.00% | 6.92% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | NVNI | VICI |
|---|---|---|
| 2022 | +4.4% | +13.0% |
| 2023 | -85.4% | +3.6% |
| 2024 | +64.4% | -3.1% |
| 2025 | -89.2% | +1.9% |
| 2026 | -60.8% | -5.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVNI and VICI 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 VICI?
The NVNI/VICI correlation stands at -0.21 on a 3-year window (1 year: -0.06, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is VICI 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?
A reading of -0.21 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-vici.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nvni-vs-vici/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NVNI correlations · VICI correlations
