ECVT vs NGVT: Correlation
How closely do Ecovyst Inc. (ECVT) and Ingevity Corporation (NGVT) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECVT and NGVT?
On 3 years of weekly data the ECVT/NGVT correlation comes out at 0.55, moderate. The link has loosened recently: the 1-year correlation (0.37) runs below the 3-year figure (0.55). The 5-year figure is 0.51, and annualized covariance runs at 1063.4 %².
Few assets follow ECVT as closely as NGVT, which ranks #1 of 13 tracked partners. The trailing year gives NGVT the advantage: +11.5% versus +21.5%, a 10.0-point spread.
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.
ECVT vs NGVT: side by side
| ECVT (Ecovyst Inc.) | NGVT (Ingevity Corporation) | |
|---|---|---|
| 1-year return | +11.5% | +21.5% |
| 5-year return | -23.2% | -14.1% |
| Volatility (ann.) | 39.7% | 48.8% |
| Beta vs S&P 500 | 0.82 | 1.39 |
| Max drawdown (3Y) | -52.2% | -45.8% |
| Market cap | $1.1B | $2.4B |
| P/E (trailing) | 44.1 | 98.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ECVT | NGVT |
|---|---|---|
| 2022 | -13.5% | -1.8% |
| 2023 | +10.3% | -33.0% |
| 2024 | -21.8% | -13.7% |
| 2025 | +27.4% | +45.2% |
| 2026 | +4.3% | +17.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECVT and NGVT good diversifiers for each other?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ECVT and NGVT?
The ECVT/NGVT correlation stands at 0.55 on a 3-year window (1 year: 0.37, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is NGVT a good diversifier for ECVT?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.55 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ecvt-vs-ngvt.json
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Related comparisons
Hubs: ECVT correlations · NGVT correlations
