NVNI vs VRTX: Correlation
How closely do Nvni Group Limited (NVNI) and Vertex Pharmaceuticals (VRTX) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVNI and VRTX?
On 3 years of weekly data the NVNI/VRTX correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.05) than the 3-year average (-0.27). The 5-year figure is -0.24, and annualized covariance runs at -7852.9 %².
Among the 60 assets we track against NVNI, VRTX ranks #52 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VRTX ahead by 123.7 points (-83.0% versus +40.7%). One caveat on sizing: NVNI is 31.3 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 VRTX: side by side
| NVNI (Nvni Group Limited) | VRTX (Vertex Pharmaceuticals) | |
|---|---|---|
| 1-year return | -83.0% | +40.7% |
| 5-year return | -98.9% | +174.5% |
| Volatility (ann.) | 949.3% | 30.3% |
| Beta vs S&P 500 | -4.03 | 0.55 |
| Max drawdown (3Y) | -99.3% | -29.1% |
| Market cap | – | $138.8B |
| P/E (trailing) | – | 31.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | NVNI | VRTX |
|---|---|---|
| 2022 | +4.4% | +31.5% |
| 2023 | -85.4% | +40.9% |
| 2024 | +64.4% | -1.0% |
| 2025 | -89.2% | +12.6% |
| 2026 | -60.8% | +20.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVNI and VRTX good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NVNI and VRTX?
The NVNI/VRTX correlation stands at -0.27 on a 3-year window (1 year: -0.05, 5 years: -0.24), computed from weekly returns as of 2026-08-27.
Is VRTX a good diversifier for NVNI?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
A reading of -0.27 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-vrtx.json
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Related comparisons
Hubs: NVNI correlations · VRTX correlations
