NVNI vs WY: Correlation
Nvni Group Limited (NVNI) and Weyerhaeuser (WY) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVNI and WY?
Over the past 3 years, NVNI and WY moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.04) runs above the 3-year figure (-0.19). Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -4347.6 %².
By 3-year correlation, WY places #32 of the 60 assets tracked against NVNI. Their recent paths diverged sharply: over the last 12 months WY outperformed by 76.9 percentage points (-83.0% for NVNI against -6.1% for WY). Note the risk asymmetry: NVNI runs 38.3 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 WY: side by side
| NVNI (Nvni Group Limited) | WY (Weyerhaeuser) | |
|---|---|---|
| 1-year return | -83.0% | -6.1% |
| 5-year return | -98.9% | -19.5% |
| Volatility (ann.) | 949.3% | 24.8% |
| Beta vs S&P 500 | -4.03 | 0.64 |
| Max drawdown (3Y) | -99.3% | -38.0% |
| Market cap | – | $17.1B |
| P/E (trailing) | – | 36.5 |
| Dividend yield | 0.00% | 3.49% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | NVNI | WY |
|---|---|---|
| 2022 | +4.4% | -20.4% |
| 2023 | -85.4% | +18.0% |
| 2024 | +64.4% | -16.6% |
| 2025 | -89.2% | -13.0% |
| 2026 | -60.8% | +1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVNI and WY good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between NVNI and WY?
The NVNI/WY correlation stands at -0.19 on a 3-year window (1 year: -0.04, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is WY a good diversifier for NVNI?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nvni-vs-wy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nvni-vs-wy/)
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Related comparisons
Hubs: NVNI correlations · WY correlations
