CB vs NVTS: Correlation
Chubb Limited (CB) and Navitas Semiconductor Corporation (NVTS) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CB and NVTS?
Over the past 3 years, CB and NVTS moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.35 over 1 year against -0.26 over 3. Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -560.1 %².
Among the 37 assets we track against CB, NVTS sits near the bottom by co-movement, at rank #36. Their recent paths diverged sharply: over the last 12 months NVTS outperformed by 81.4 percentage points (+24.7% for CB against +106.1% for NVTS). Note the risk asymmetry: NVTS runs 6.9 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.
CB vs NVTS: side by side
| CB (Chubb Limited) | NVTS (Navitas Semiconductor Corporation) | |
|---|---|---|
| 1-year return | +24.7% | +106.1% |
| 5-year return | +96.8% | -2.3% |
| Volatility (ann.) | 17.7% | 122.7% |
| Beta vs S&P 500 | 0.17 | 2.11 |
| Max drawdown (3Y) | -14.4% | -81.8% |
| Market cap | $130.5B | $3.3B |
| P/E (trailing) | 12.2 | – |
| Dividend yield | 1.14% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | CB | NVTS |
|---|---|---|
| 2022 | +16.0% | -79.4% |
| 2023 | +4.2% | +129.9% |
| 2024 | +23.9% | -55.8% |
| 2025 | +13.7% | +100.0% |
| 2026 | +9.1% | +75.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CB and NVTS good diversifiers for each other?
Yes. With a correlation of -0.26, CB and NVTS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CB and NVTS?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.35 over the last year and -0.12 over 5 years.
Is NVTS a good diversifier for CB?
Yes. With a correlation of -0.26, CB and NVTS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/cb-vs-nvts.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cb-vs-nvts/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CB correlations · NVTS correlations
