ALB vs NGVT: Correlation
Measured on weekly returns over the past three years, Albemarle Corporation (ALB) and Ingevity Corporation (NGVT) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALB and NGVT?
Across a 3-year window, the weekly returns of ALB and NGVT correlate at 0.50, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.39 versus 0.50 over 3 years. Stretching to 5 years gives 0.50, with an annualized covariance of 1331.5 %².
Among the 36 assets we track against ALB, NGVT ranks #14 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ALB ahead by 35.4 points (+56.9% versus +21.5%).
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.
ALB vs NGVT: side by side
| ALB (Albemarle Corporation) | NGVT (Ingevity Corporation) | |
|---|---|---|
| 1-year return | +56.9% | +21.5% |
| 5-year return | -39.2% | -14.1% |
| Volatility (ann.) | 54.3% | 48.8% |
| Beta vs S&P 500 | 1.62 | 1.39 |
| Max drawdown (3Y) | -74.1% | -45.8% |
| Market cap | $16.0B | $2.4B |
| P/E (trailing) | 502.9 | 98.2 |
| Dividend yield | 1.20% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | ALB | NGVT |
|---|---|---|
| 2022 | -6.6% | -1.8% |
| 2023 | -32.8% | -33.0% |
| 2024 | -39.5% | -13.7% |
| 2025 | +67.7% | +45.2% |
| 2026 | -3.5% | +17.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALB and NGVT good diversifiers for each other?
Only partially. A correlation of 0.50 means ALB and NGVT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ALB and NGVT?
As of 2026-08-27, the correlation of weekly returns between ALB and NGVT is 0.50 over 3 years, 0.39 over 1 year and 0.50 over 5 years.
Is NGVT a good diversifier for ALB?
Only partially. A correlation of 0.50 means ALB and NGVT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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/alb-vs-ngvt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alb-vs-ngvt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ALB correlations · NGVT correlations
