FCEL vs NVTS: Correlation
FuelCell Energy, Inc. (FCEL) and Navitas Semiconductor Corporation (NVTS) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FCEL and NVTS?
Over the past 3 years, FCEL and NVTS moved with a correlation of 0.41, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.30 versus 0.41 over 3 years. Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 5548.3 %².
Among the 11 assets we track against FCEL, NVTS ranks #4 by 3-year correlation. The last year tells two different stories: FCEL led by 237.0 percentage points, +343.1% for FCEL against +106.1% for NVTS.
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.
FCEL vs NVTS: side by side
| FCEL (FuelCell Energy, Inc.) | NVTS (Navitas Semiconductor Corporation) | |
|---|---|---|
| 1-year return | +343.1% | +106.1% |
| 5-year return | -89.6% | -2.3% |
| Volatility (ann.) | 109.1% | 122.7% |
| Beta vs S&P 500 | 1.17 | 2.11 |
| Max drawdown (3Y) | -93.0% | -81.8% |
| Market cap | $1.5B | $3.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FCEL | NVTS |
|---|---|---|
| 2022 | -46.5% | -79.4% |
| 2023 | -42.4% | +129.9% |
| 2024 | -81.2% | -55.8% |
| 2025 | -19.1% | +100.0% |
| 2026 | +164.3% | +75.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FCEL and NVTS good diversifiers for each other?
Reasonably. At 0.41, FCEL and NVTS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FCEL and NVTS?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.30 over the last year and 0.41 over 5 years.
Is NVTS a good diversifier for FCEL?
Reasonably. At 0.41, FCEL and NVTS keep a meaningful degree of independence, and combining them has historically reduced portfolio 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fcel-vs-nvts.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fcel-vs-nvts/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FCEL correlations · NVTS correlations
