CTVA vs NFG: Correlation
How closely do Corteva (CTVA) and National Fuel Gas Company (NFG) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTVA and NFG?
On 3 years of weekly data the CTVA/NFG correlation comes out at 0.41, moderate. The relationship has been stable: the 1-year correlation (0.33) sits close to the 3-year figure. The 5-year figure is 0.44, and annualized covariance runs at 220.7 %².
By 3-year correlation, NFG places #15 of the 34 assets tracked against CTVA. Over the last 12 months CTVA came out ahead by 13.5 percentage points (+10.9% against -2.6%).
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.
CTVA vs NFG: side by side
| CTVA (Corteva) | NFG (National Fuel Gas Company) | |
|---|---|---|
| 1-year return | +10.9% | -2.6% |
| 5-year return | +98.2% | +87.6% |
| Volatility (ann.) | 26.8% | 20.0% |
| Beta vs S&P 500 | 0.43 | 0.10 |
| Max drawdown (3Y) | -20.7% | -20.9% |
| Market cap | $55.0B | $7.9B |
| P/E (trailing) | 50.2 | 11.6 |
| Dividend yield | 0.87% | 2.59% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | CTVA | NFG |
|---|---|---|
| 2022 | +25.6% | +1.9% |
| 2023 | -17.5% | -17.7% |
| 2024 | +20.2% | +25.4% |
| 2025 | +18.9% | +35.3% |
| 2026 | +23.5% | +4.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTVA and NFG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CTVA and NFG?
As of 2026-08-27, the correlation of weekly returns between CTVA and NFG is 0.41 over 3 years, 0.33 over 1 year and 0.44 over 5 years.
Is NFG a good diversifier for CTVA?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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.
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Related comparisons
Hubs: CTVA correlations · NFG correlations
