ACGL vs NVTS: Correlation
How closely do Arch Capital Group (ACGL) and Navitas Semiconductor Corporation (NVTS) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACGL and NVTS?
Across a 3-year window, the weekly returns of ACGL and NVTS correlate at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.40 versus -0.26 over 3 years. Stretching to 5 years gives -0.14, with an annualized covariance of -675.4 %².
Among the 36 assets we track against ACGL, NVTS sits near the bottom by co-movement, at rank #33. Correlation aside, the last 12 months split them widely, with NVTS ahead by 98.4 points (+7.7% versus +106.1%). Risk is not evenly split, since NVTS carries 5.7 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.
ACGL vs NVTS: side by side
| ACGL (Arch Capital Group) | NVTS (Navitas Semiconductor Corporation) | |
|---|---|---|
| 1-year return | +7.7% | +106.1% |
| 5-year return | +151.8% | -2.3% |
| Volatility (ann.) | 21.5% | 122.7% |
| Beta vs S&P 500 | 0.28 | 2.11 |
| Max drawdown (3Y) | -22.4% | -81.8% |
| Market cap | $33.7B | $3.3B |
| P/E (trailing) | 7.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | ACGL | NVTS |
|---|---|---|
| 2022 | +41.2% | -79.4% |
| 2023 | +18.3% | +129.9% |
| 2024 | +30.8% | -55.8% |
| 2025 | +3.9% | +100.0% |
| 2026 | +3.0% | +75.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACGL and NVTS good diversifiers for each other?
Yes. With a correlation of -0.26, ACGL and NVTS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ACGL and NVTS?
The ACGL/NVTS correlation stands at -0.26 on a 3-year window (1 year: -0.40, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is NVTS a good diversifier for ACGL?
Yes. With a correlation of -0.26, ACGL and NVTS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/acgl-vs-nvts.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/acgl-vs-nvts/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACGL correlations · NVTS correlations
