NVNI vs VYM: Correlation
Nvni Group Limited (NVNI) and Vanguard High Dividend Yield ETF (VYM) show a negative relationship: their 3-year correlation of weekly returns is -0.13.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVNI and VYM?
Over the past 3 years, NVNI and VYM moved with a correlation of -0.13, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.07) sits close to the 3-year figure. Over 5 years the correlation is -0.09, and the annualized covariance of weekly returns is -1544.3 %².
Among the 60 assets we track against NVNI, VYM ranks #19 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VYM ahead by 104.1 points (-83.0% versus +21.1%). Risk is not evenly split, since NVNI carries 77.2 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 VYM: side by side
| NVNI (Nvni Group Limited) | VYM (Vanguard High Dividend Yield ETF) | |
|---|---|---|
| 1-year return | -83.0% | +21.1% |
| 5-year return | -98.9% | +76.6% |
| Volatility (ann.) | 949.3% | 12.3% |
| Beta vs S&P 500 | -4.03 | 0.69 |
| Max drawdown (3Y) | -99.3% | -14.5% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 2.24% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $99.2B |
| Sector / category | US Listed | ETF · Dividend |
VYM, Vanguard's Large Value fund, carries $99.2B under management, 604 holdings, a 0.04% expense ratio, a 2.24% trailing dividend yield.
Year-by-year returns
| Year | NVNI | VYM |
|---|---|---|
| 2022 | +4.4% | -0.4% |
| 2023 | -85.4% | +6.6% |
| 2024 | +64.4% | +17.6% |
| 2025 | -89.2% | +15.4% |
| 2026 | -60.8% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVNI and VYM good diversifiers for each other?
Yes. With a correlation of -0.13, NVNI and VYM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NVNI and VYM?
Using weekly returns as of 2026-08-27: -0.13 over 3 years, with -0.07 over the last year and -0.09 over 5 years.
Is VYM a good diversifier for NVNI?
Yes. With a correlation of -0.13, NVNI and VYM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.13 mean?
On the −1 to +1 scale, -0.13 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 · VYM correlations
