CEG vs NVT: Correlation
How closely do Constellation Energy (CEG) and nVent Electric plc (NVT) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CEG and NVT?
Over the past 3 years, CEG and NVT moved with a correlation of 0.50, which is moderate. The link has loosened recently: the 1-year correlation (0.24) runs below the 3-year figure (0.50). Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 954.0 %².
By 3-year correlation, NVT places #7 of the 32 assets tracked against CEG. The last year tells two different stories: NVT led by 82.0 percentage points, -10.1% for CEG against +71.9% for NVT.
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.
CEG vs NVT: side by side
| CEG (Constellation Energy) | NVT (nVent Electric plc) | |
|---|---|---|
| 1-year return | -10.1% | +71.9% |
| 5-year return | +598.5% | +382.4% |
| Volatility (ann.) | 52.1% | 36.7% |
| Beta vs S&P 500 | 1.42 | 1.68 |
| Max drawdown (3Y) | -50.7% | -46.7% |
| Market cap | $100.1B | $25.2B |
| P/E (trailing) | 27.3 | 43.2 |
| Dividend yield | 0.58% | 0.53% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | CEG | NVT |
|---|---|---|
| 2022 | – | +3.3% |
| 2023 | +37.2% | +56.0% |
| 2024 | +92.7% | +16.6% |
| 2025 | +58.8% | +51.3% |
| 2026 | -19.7% | +53.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CEG and NVT good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CEG and NVT?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.24 over the last year and 0.47 over 5 years.
Is NVT a good diversifier for CEG?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 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/ceg-vs-nvt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ceg-vs-nvt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CEG correlations · NVT correlations
