AEIS vs NVEC: Correlation
Advanced Energy Industries, Inc. (AEIS) and NVE Corporation (NVEC) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEIS and NVEC?
Over the past 3 years, AEIS and NVEC moved with a correlation of 0.50, which is moderate. Little has changed lately, as the 1-year reading of 0.44 lands near the 3-year figure. Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 981.7 %².
Among the 32 assets we track against AEIS, NVEC ranks #24 by 3-year correlation. Over the last 12 months AEIS came out ahead by 13.3 percentage points (+87.0% against +73.7%).
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.
AEIS vs NVEC: side by side
| AEIS (Advanced Energy Industries, Inc.) | NVEC (NVE Corporation) | |
|---|---|---|
| 1-year return | +87.0% | +73.7% |
| 5-year return | +222.9% | +103.2% |
| Volatility (ann.) | 43.9% | 44.5% |
| Beta vs S&P 500 | 1.69 | 1.14 |
| Max drawdown (3Y) | -39.9% | -37.7% |
| Market cap | $11.5B | $0.5B |
| P/E (trailing) | 52.4 | 28.8 |
| Dividend yield | 0.14% | 3.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEIS | NVEC |
|---|---|---|
| 2022 | -5.4% | +1.9% |
| 2023 | +27.5% | +27.7% |
| 2024 | +6.6% | +9.2% |
| 2025 | +81.6% | -22.7% |
| 2026 | +37.3% | +86.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEIS and NVEC good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AEIS and NVEC?
As of 2026-08-27, the correlation of weekly returns between AEIS and NVEC is 0.50 over 3 years, 0.44 over 1 year and 0.48 over 5 years.
Is NVEC a good diversifier for AEIS?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 mean?
A reading of 0.50 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/aeis-vs-nvec.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aeis-vs-nvec/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AEIS correlations · NVEC correlations
