NVNI vs VNCE: Correlation
How closely do Nvni Group Limited (NVNI) and Vince Holding Corp. (VNCE) trade together? Their weekly returns over three years give a correlation of 0.72, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVNI and VNCE?
Over the past 3 years, NVNI and VNCE moved with a correlation of 0.72, which is strong. The link has loosened recently: the 1-year correlation (0.32) runs below the 3-year figure (0.72). Over 5 years the correlation is 0.71, and the annualized covariance of weekly returns is 113757.8 %².
In NVNI's tracked universe of 60 assets, VNCE sits right near the top at #2. Correlation aside, the last 12 months split them widely, with VNCE ahead by 533.0 points (-83.0% versus +450.0%). Risk is not evenly split, since NVNI carries 5.7 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 VNCE: side by side
| NVNI (Nvni Group Limited) | VNCE (Vince Holding Corp.) | |
|---|---|---|
| 1-year return | -83.0% | +450.0% |
| 5-year return | -98.9% | +11.6% |
| Volatility (ann.) | 949.3% | 166.2% |
| Beta vs S&P 500 | -4.03 | 1.03 |
| Max drawdown (3Y) | -99.3% | -74.8% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 11.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NVNI | VNCE |
|---|---|---|
| 2022 | +4.4% | -1.8% |
| 2023 | -85.4% | -55.8% |
| 2024 | +64.4% | +5.2% |
| 2025 | -89.2% | +12.1% |
| 2026 | -60.8% | +91.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVNI and VNCE good diversifiers for each other?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between NVNI and VNCE?
Using weekly returns as of 2026-08-27: 0.72 over 3 years, with 0.32 over the last year and 0.71 over 5 years.
Is VNCE a good diversifier for NVNI?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.72 mean?
On the −1 to +1 scale, 0.72 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.
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Related comparisons
Hubs: NVNI correlations · VNCE correlations
