CVV vs NVTS: Correlation
CVD Equipment Corporation (CVV) and Navitas Semiconductor Corporation (NVTS) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVV and NVTS?
On 3 years of weekly data the CVV/NVTS correlation comes out at 0.37, moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.37 over 3. The 5-year figure is 0.30, and annualized covariance runs at 3534.8 %².
By 3-year correlation, NVTS places #4 of the 14 assets tracked against CVV. Correlation aside, the last 12 months split them widely, with CVV ahead by 48.0 points (+154.1% 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.
CVV vs NVTS: side by side
| CVV (CVD Equipment Corporation) | NVTS (Navitas Semiconductor Corporation) | |
|---|---|---|
| 1-year return | +154.1% | +106.1% |
| 5-year return | +58.5% | -2.3% |
| Volatility (ann.) | 78.8% | 122.7% |
| Beta vs S&P 500 | 0.89 | 2.11 |
| Max drawdown (3Y) | -67.7% | -81.8% |
| Market cap | $0.1B | $3.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVV | NVTS |
|---|---|---|
| 2022 | +33.4% | -79.4% |
| 2023 | -19.6% | +129.9% |
| 2024 | -0.7% | -55.8% |
| 2025 | -29.8% | +100.0% |
| 2026 | +138.5% | +75.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVV and NVTS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CVV and NVTS?
The CVV/NVTS correlation stands at 0.37 on a 3-year window (1 year: 0.40, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is NVTS a good diversifier for CVV?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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/cvv-vs-nvts.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cvv-vs-nvts/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CVV correlations · NVTS correlations
