ALL vs NVTS: Correlation
Allstate (ALL) and Navitas Semiconductor Corporation (NVTS) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALL and NVTS?
On 3 years of weekly data the ALL/NVTS correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.33 versus -0.21 over 3 years. The 5-year figure is -0.09, and annualized covariance runs at -567.5 %².
By 3-year correlation, NVTS places #24 of the 32 assets tracked against ALL. Correlation aside, the last 12 months split them widely, with NVTS ahead by 77.2 points (+28.9% versus +106.1%). Risk is not evenly split, since NVTS carries 5.6 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.
ALL vs NVTS: side by side
| ALL (Allstate) | NVTS (Navitas Semiconductor Corporation) | |
|---|---|---|
| 1-year return | +28.9% | +106.1% |
| 5-year return | +114.7% | -2.3% |
| Volatility (ann.) | 22.1% | 122.7% |
| Beta vs S&P 500 | 0.31 | 2.11 |
| Max drawdown (3Y) | -14.1% | -81.8% |
| Market cap | $65.1B | $3.3B |
| P/E (trailing) | 5.2 | – |
| Dividend yield | 1.59% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | ALL | NVTS |
|---|---|---|
| 2022 | +18.4% | -79.4% |
| 2023 | +6.4% | +129.9% |
| 2024 | +40.6% | -55.8% |
| 2025 | +10.1% | +100.0% |
| 2026 | +25.0% | +75.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALL and NVTS good diversifiers for each other?
Yes. With a correlation of -0.21, ALL and NVTS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ALL and NVTS?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.33 over the last year and -0.09 over 5 years.
Is NVTS a good diversifier for ALL?
Yes. With a correlation of -0.21, ALL and NVTS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 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/all-vs-nvts.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/all-vs-nvts/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALL correlations · NVTS correlations
