NVNI vs VTV: Correlation
How closely do Nvni Group Limited (NVNI) and Vanguard Value ETF (VTV) trade together? Their weekly returns over three years give a correlation of -0.13, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVNI and VTV?
Across a 3-year window, the weekly returns of NVNI and VTV correlate at -0.13, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.11 over 1 year against -0.13 over 3. Stretching to 5 years gives -0.09, with an annualized covariance of -1462.9 %².
Within NVNI's tracked universe of 60 assets, VTV comes in at #18 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VTV outperformed by 108.7 percentage points (-83.0% for NVNI against +25.7% for VTV). Note the risk asymmetry: NVNI runs 79.8 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 VTV: side by side
| NVNI (Nvni Group Limited) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | -83.0% | +25.7% |
| 5-year return | -98.9% | +79.1% |
| Volatility (ann.) | 949.3% | 11.9% |
| Beta vs S&P 500 | -4.03 | 0.65 |
| Max drawdown (3Y) | -99.3% | -14.5% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.86% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $256.4B |
| Sector / category | US Listed | ETF · US Style |
On the fund side, VTV sits in the Large Value category at Vanguard, with $256.4B under management, 308 holdings, a 0.03% expense ratio, a 1.86% trailing dividend yield.
Year-by-year returns
| Year | NVNI | VTV |
|---|---|---|
| 2022 | +4.4% | -2.1% |
| 2023 | -85.4% | +9.3% |
| 2024 | +64.4% | +16.0% |
| 2025 | -89.2% | +15.3% |
| 2026 | -60.8% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVNI and VTV good diversifiers for each other?
Yes. With a correlation of -0.13, NVNI and VTV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NVNI and VTV?
As of 2026-08-27, the correlation of weekly returns between NVNI and VTV is -0.13 over 3 years, -0.11 over 1 year and -0.09 over 5 years.
Is VTV a good diversifier for NVNI?
Yes. With a correlation of -0.13, NVNI and VTV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.13 mean?
A reading of -0.13 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-vtv.json
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Related comparisons
Hubs: NVNI correlations · VTV correlations
