FERG vs NDSN: Correlation
Ferguson Enterprises (FERG) and Nordson Corporation (NDSN) show a strong relationship: their 3-year correlation of weekly returns is 0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FERG and NDSN?
On 3 years of weekly data the FERG/NDSN correlation comes out at 0.60, strong. Little has changed lately, as the 1-year reading of 0.58 lands near the 3-year figure. The 5-year figure is 0.60, and annualized covariance runs at 442.2 %².
In FERG's tracked universe of 35 assets, NDSN sits right near the top at #3. Correlation aside, the last 12 months split them widely, with NDSN ahead by 47.4 points (+1.1% versus +48.5%). Across three years, the rolling one-year figure varied moderately, from 0.44 to 0.73.
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.
FERG vs NDSN: side by side
| FERG (Ferguson Enterprises) | NDSN (Nordson Corporation) | |
|---|---|---|
| 1-year return | +1.1% | +48.5% |
| 5-year return | +82.2% | +46.5% |
| Volatility (ann.) | 30.0% | 24.7% |
| Beta vs S&P 500 | 0.99 | 0.97 |
| Max drawdown (3Y) | -32.9% | -39.1% |
| Market cap | $45.1B | $18.4B |
| P/E (trailing) | 23.0 | 33.5 |
| Dividend yield | 1.80% | 0.98% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | FERG | NDSN |
|---|---|---|
| 2022 | -27.2% | -5.9% |
| 2023 | +55.1% | +12.4% |
| 2024 | -8.6% | -20.1% |
| 2025 | +29.9% | +17.0% |
| 2026 | +6.4% | +38.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FERG and NDSN good diversifiers for each other?
Only partially. A correlation of 0.60 means FERG and NDSN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between FERG and NDSN?
The FERG/NDSN correlation stands at 0.60 on a 3-year window (1 year: 0.58, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is NDSN a good diversifier for FERG?
Only partially. A correlation of 0.60 means FERG and NDSN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.60 mean?
A reading of 0.60 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/ferg-vs-ndsn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ferg-vs-ndsn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FERG correlations · NDSN correlations
