AOSL vs NVTS: Correlation
How closely do Alpha and Omega Semiconductor Limited (AOSL) and Navitas Semiconductor Corporation (NVTS) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AOSL and NVTS?
Across a 3-year window, the weekly returns of AOSL and NVTS correlate at 0.42, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.69 versus 0.42 over 3 years. Stretching to 5 years gives 0.48, with an annualized covariance of 3547.3 %².
NVTS is close to the least connected end of AOSL's tracked universe, ranking #13 of 16. The last year tells two different stories: NVTS led by 117.5 percentage points, -11.4% for AOSL against +106.1% for NVTS. Note the risk asymmetry: NVTS runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AOSL vs NVTS: side by side
| AOSL (Alpha and Omega Semiconductor Limited) | NVTS (Navitas Semiconductor Corporation) | |
|---|---|---|
| 1-year return | -11.4% | +106.1% |
| 5-year return | -9.2% | -2.3% |
| Volatility (ann.) | 69.3% | 122.7% |
| Beta vs S&P 500 | 2.34 | 2.11 |
| Max drawdown (3Y) | -66.9% | -81.8% |
| Market cap | $0.8B | $3.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AOSL | NVTS |
|---|---|---|
| 2022 | -52.8% | -79.4% |
| 2023 | -8.8% | +129.9% |
| 2024 | +42.1% | -55.8% |
| 2025 | -46.5% | +100.0% |
| 2026 | +32.4% | +75.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AOSL and NVTS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AOSL and NVTS?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.69 over the last year and 0.48 over 5 years.
Is NVTS a good diversifier for AOSL?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 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/aosl-vs-nvts.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aosl-vs-nvts/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AOSL correlations · NVTS correlations
