NVNI vs WHWK: Correlation
Nvni Group Limited (NVNI) and Whitehawk Therapeutics, Inc. (WHWK) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVNI and WHWK?
On 3 years of weekly data the NVNI/WHWK correlation comes out at 0.36, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.14 versus 0.36 over 3 years. The 5-year figure is 0.32, and annualized covariance runs at 23743.8 %².
Within NVNI's tracked universe of 60 assets, WHWK comes in at #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months WHWK outperformed by 252.1 percentage points (-83.0% for NVNI against +169.1% for WHWK). Note the risk asymmetry: NVNI runs 13.7 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 WHWK: side by side
| NVNI (Nvni Group Limited) | WHWK (Whitehawk Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -83.0% | +169.1% |
| 5-year return | -98.9% | -80.9% |
| Volatility (ann.) | 949.3% | 69.1% |
| Beta vs S&P 500 | -4.03 | 1.03 |
| Max drawdown (3Y) | -99.3% | -80.6% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NVNI | WHWK |
|---|---|---|
| 2022 | +4.4% | -46.9% |
| 2023 | -85.4% | -84.3% |
| 2024 | +64.4% | +56.2% |
| 2025 | -89.2% | -23.3% |
| 2026 | -60.8% | +101.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVNI and WHWK good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NVNI and WHWK?
The NVNI/WHWK correlation stands at 0.36 on a 3-year window (1 year: 0.14, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is WHWK a good diversifier for NVNI?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nvni-vs-whwk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nvni-vs-whwk/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NVNI correlations · WHWK correlations
