DIOD vs NVEC: Correlation
Measured on weekly returns over the past three years, Diodes Incorporated (DIOD) and NVE Corporation (NVEC) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIOD and NVEC?
Across a 3-year window, the weekly returns of DIOD and NVEC correlate at 0.48, moderate. The relationship has been stable: the 1-year correlation (0.38) sits close to the 3-year figure. Stretching to 5 years gives 0.49, with an annualized covariance of 1069.9 %².
Within DIOD's tracked universe of 25 assets, NVEC comes in at #20 by 3-year correlation. On 12-month performance NVEC holds a 12.0-point edge, +61.7% against +73.7%.
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.
DIOD vs NVEC: side by side
| DIOD (Diodes Incorporated) | NVEC (NVE Corporation) | |
|---|---|---|
| 1-year return | +61.7% | +73.7% |
| 5-year return | -7.4% | +103.2% |
| Volatility (ann.) | 50.3% | 44.5% |
| Beta vs S&P 500 | 1.84 | 1.14 |
| Max drawdown (3Y) | -60.1% | -37.7% |
| Market cap | $4.2B | $0.5B |
| P/E (trailing) | 48.6 | 28.8 |
| Dividend yield | 0.00% | 3.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DIOD | NVEC |
|---|---|---|
| 2022 | -30.7% | +1.9% |
| 2023 | +5.8% | +27.7% |
| 2024 | -23.4% | +9.2% |
| 2025 | -20.0% | -22.7% |
| 2026 | +84.2% | +86.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIOD and NVEC good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DIOD and NVEC?
The DIOD/NVEC correlation stands at 0.48 on a 3-year window (1 year: 0.38, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is NVEC a good diversifier for DIOD?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
A reading of 0.48 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
$ curl https://www.pairbook.io/api/v1/pairs/diod-vs-nvec.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/diod-vs-nvec/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DIOD correlations · NVEC correlations
