CHD vs NVST: Correlation
How closely do Church & Dwight (CHD) and Envista Holdings Corporation (NVST) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHD and NVST?
On 3 years of weekly data the CHD/NVST correlation comes out at 0.34, moderate. The link has tightened recently: the 1-year correlation (0.50) runs above the 3-year figure (0.34). The 5-year figure is 0.27, and annualized covariance runs at 214.1 %².
Among the 27 assets we track against CHD, NVST ranks #11 by 3-year correlation. The last year tells two different stories: NVST led by 17.7 percentage points, +11.5% for CHD against +29.2% for NVST. Note the risk asymmetry: NVST runs 2.0 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.
CHD vs NVST: side by side
| CHD (Church & Dwight) | NVST (Envista Holdings Corporation) | |
|---|---|---|
| 1-year return | +11.5% | +29.2% |
| 5-year return | +30.0% | -35.8% |
| Volatility (ann.) | 17.6% | 35.4% |
| Beta vs S&P 500 | 0.07 | 0.80 |
| Max drawdown (3Y) | -27.3% | -55.4% |
| Market cap | $24.3B | $4.4B |
| P/E (trailing) | 33.0 | 48.1 |
| Dividend yield | 1.17% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | CHD | NVST |
|---|---|---|
| 2022 | -20.4% | -25.3% |
| 2023 | +18.7% | -28.5% |
| 2024 | +12.0% | -19.8% |
| 2025 | -18.9% | +12.5% |
| 2026 | +23.2% | +26.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHD and NVST good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CHD and NVST?
As of 2026-08-27, the correlation of weekly returns between CHD and NVST is 0.34 over 3 years, 0.50 over 1 year and 0.27 over 5 years.
Is NVST a good diversifier for CHD?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 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/chd-vs-nvst.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/chd-vs-nvst/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CHD correlations · NVST correlations
