CPSH vs NVTS: Correlation
Measured on weekly returns over the past three years, CPS Technologies Corp. (CPSH) and Navitas Semiconductor Corporation (NVTS) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPSH and NVTS?
Across a 3-year window, the weekly returns of CPSH and NVTS correlate at 0.33, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.20 versus 0.33 over 3 years. Stretching to 5 years gives 0.29, with an annualized covariance of 3188.6 %².
Within CPSH's tracked universe of 18 assets, NVTS comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NVTS ahead by 90.8 points (+15.3% versus +106.1%). Note the risk asymmetry: NVTS runs 1.6 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.
CPSH vs NVTS: side by side
| CPSH (CPS Technologies Corp.) | NVTS (Navitas Semiconductor Corporation) | |
|---|---|---|
| 1-year return | +15.3% | +106.1% |
| 5-year return | -32.8% | -2.3% |
| Volatility (ann.) | 78.3% | 122.7% |
| Beta vs S&P 500 | 0.50 | 2.11 |
| Max drawdown (3Y) | -69.7% | -81.8% |
| Market cap | $0.1B | $3.3B |
| P/E (trailing) | 392.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CPSH | NVTS |
|---|---|---|
| 2022 | -29.0% | -79.4% |
| 2023 | -12.6% | +129.9% |
| 2024 | -31.5% | -55.8% |
| 2025 | +91.9% | +100.0% |
| 2026 | +26.9% | +75.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPSH and NVTS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CPSH and NVTS?
As of 2026-08-27, the correlation of weekly returns between CPSH and NVTS is 0.33 over 3 years, 0.20 over 1 year and 0.29 over 5 years.
Is NVTS a good diversifier for CPSH?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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/cpsh-vs-nvts.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cpsh-vs-nvts/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CPSH correlations · NVTS correlations
