GEV vs NVT: Correlation
Measured on weekly returns over the past three years, GE Vernova (GEV) and nVent Electric plc (NVT) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEV and NVT?
On 3 years of weekly data the GEV/NVT correlation comes out at 0.54, moderate. The past 12 months show a weaker link (0.41) than the 3-year average (0.54). The 5-year figure is n/a, and annualized covariance runs at 954.4 %².
Within GEV's tracked universe of 33 assets, NVT comes in at #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NVT ahead by 18.3 points (+53.6% versus +71.9%).
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.
GEV vs NVT: side by side
| GEV (GE Vernova) | NVT (nVent Electric plc) | |
|---|---|---|
| 1-year return | +53.6% | +71.9% |
| 5-year return | n/a | +382.4% |
| Volatility (ann.) | 45.8% | 36.7% |
| Beta vs S&P 500 | 1.42 | 1.68 |
| Max drawdown (3Y) | -38.3% | -46.7% |
| Market cap | $254.0B | $25.2B |
| P/E (trailing) | 27.3 | 43.2 |
| Dividend yield | 0.18% | 0.53% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | GEV | NVT |
|---|---|---|
| 2022 | – | +3.3% |
| 2023 | – | +56.0% |
| 2024 | – | +16.6% |
| 2025 | +99.0% | +51.3% |
| 2026 | +46.2% | +53.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEV and NVT good diversifiers for each other?
Only partially. A correlation of 0.54 means GEV 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 GEV and NVT?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.41 over the last year and n/a over 5 years.
Is NVT a good diversifier for GEV?
Only partially. A correlation of 0.54 means GEV 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 0.54 mean?
A reading of 0.54 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/gev-vs-nvt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gev-vs-nvt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GEV correlations · NVT correlations
