FIX vs NVT: Correlation
How closely do Comfort Systems USA (FIX) and nVent Electric plc (NVT) trade together? Their weekly returns over three years give a correlation of 0.70, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIX and NVT?
On 3 years of weekly data the FIX/NVT correlation comes out at 0.70, strong. Recent behaviour matches the longer record: 0.63 over 1 year against 0.70 over 3. The 5-year figure is 0.68, and annualized covariance runs at 1212.2 %².
By 3-year correlation, NVT places #4 of the 37 assets tracked against FIX. Their recent paths diverged sharply: over the last 12 months FIX outperformed by 56.1 percentage points (+128.0% for FIX against +71.9% for NVT).
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.
FIX vs NVT: side by side
| FIX (Comfort Systems USA) | NVT (nVent Electric plc) | |
|---|---|---|
| 1-year return | +128.0% | +71.9% |
| 5-year return | +2077.9% | +382.4% |
| Volatility (ann.) | 47.4% | 36.7% |
| Beta vs S&P 500 | 1.74 | 1.68 |
| Max drawdown (3Y) | -46.0% | -46.7% |
| Market cap | $56.8B | $25.2B |
| P/E (trailing) | 39.8 | 43.2 |
| Dividend yield | 0.16% | 0.53% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | FIX | NVT |
|---|---|---|
| 2022 | +17.0% | +3.3% |
| 2023 | +79.6% | +56.0% |
| 2024 | +106.9% | +16.6% |
| 2025 | +120.9% | +51.3% |
| 2026 | +73.3% | +53.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIX and NVT good diversifiers for each other?
Only partially. A correlation of 0.70 means FIX and NVT 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 FIX and NVT?
Using weekly returns as of 2026-08-27: 0.70 over 3 years, with 0.63 over the last year and 0.68 over 5 years.
Is NVT a good diversifier for FIX?
Only partially. A correlation of 0.70 means FIX and NVT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.70 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/fix-vs-nvt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fix-vs-nvt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FIX correlations · NVT correlations
