AOS vs NVR: Correlation
A. O. Smith (AOS) and NVR, Inc. (NVR) show a strong relationship: their 3-year correlation of weekly returns is 0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AOS and NVR?
Over the past 3 years, AOS and NVR moved with a correlation of 0.61, which is strong. Recent behaviour matches the longer record: 0.70 over 1 year against 0.61 over 3. Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 333.6 %².
Within AOS's tracked universe of 33 assets, NVR comes in at #13 by 3-year correlation. On 12-month performance AOS holds a 8.2-point edge, -12.6% against -20.8%. The rolling one-year correlation moved between 0.45 and 0.71 over the past three years, a moderate range.
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.
AOS vs NVR: side by side
| AOS (A. O. Smith) | NVR (NVR, Inc.) | |
|---|---|---|
| 1-year return | -12.6% | -20.8% |
| 5-year return | -6.7% | +24.2% |
| Volatility (ann.) | 23.5% | 23.4% |
| Beta vs S&P 500 | 0.67 | 0.53 |
| Max drawdown (3Y) | -36.9% | -43.9% |
| Market cap | $8.4B | $17.0B |
| P/E (trailing) | 17.4 | 16.6 |
| Dividend yield | 2.27% | 0.00% |
| Sector / category | Industrials | Consumer Discretionary |
Year-by-year returns
| Year | AOS | NVR |
|---|---|---|
| 2022 | -32.1% | -21.9% |
| 2023 | +46.7% | +51.8% |
| 2024 | -15.9% | +16.8% |
| 2025 | +0.1% | -10.8% |
| 2026 | -5.8% | -12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AOS and NVR good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AOS and NVR?
As of 2026-08-27, the correlation of weekly returns between AOS and NVR is 0.61 over 3 years, 0.70 over 1 year and 0.57 over 5 years.
Is NVR a good diversifier for AOS?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.61 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/aos-vs-nvr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aos-vs-nvr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AOS correlations · NVR correlations
