COHR vs NVDA: Correlation
Measured on weekly returns over the past three years, Coherent Corp. (COHR) and Nvidia (NVDA) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COHR and NVDA?
On 3 years of weekly data the COHR/NVDA correlation comes out at 0.58, moderate. The past 12 months show a weaker link (0.39) than the 3-year average (0.58). The 5-year figure is 0.56, and annualized covariance runs at 1673.4 %².
Among the 41 assets we track against COHR, NVDA ranks #17 by 3-year correlation. The last year tells two different stories: COHR led by 199.9 percentage points, +225.6% for COHR against +25.7% for NVDA. The rolling one-year correlation moved between 0.24 and 0.73 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.
COHR vs NVDA: side by side
| COHR (Coherent Corp.) | NVDA (Nvidia) | |
|---|---|---|
| 1-year return | +225.6% | +25.7% |
| 5-year return | +368.6% | +908.3% |
| Volatility (ann.) | 65.0% | 44.5% |
| Beta vs S&P 500 | 2.76 | 2.18 |
| Max drawdown (3Y) | -54.8% | -36.9% |
| Market cap | $57.8B | $5,505.0B |
| P/E (trailing) | 71.4 | 32.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | COHR | NVDA |
|---|---|---|
| 2022 | -48.6% | -50.3% |
| 2023 | +24.0% | +239.0% |
| 2024 | +117.6% | +171.2% |
| 2025 | +94.8% | +38.9% |
| 2026 | +60.0% | +22.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COHR and NVDA good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between COHR and NVDA?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.39 over the last year and 0.56 over 5 years.
Is NVDA a good diversifier for COHR?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 mean?
A reading of 0.58 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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[](https://www.pairbook.io/pair/cohr-vs-nvda/)
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Related comparisons
Hubs: COHR correlations · NVDA correlations
