GKOS vs NVRI: Correlation
Glaukos Corporation (GKOS) and Enviri Corporation (NVRI) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GKOS and NVRI?
On 3 years of weekly data the GKOS/NVRI correlation comes out at 0.37, moderate. The past 12 months show a weaker link (0.21) than the 3-year average (0.37). The 5-year figure is 0.28, and annualized covariance runs at 843.1 %².
Few assets follow GKOS as closely as NVRI, which ranks #3 of 12 tracked partners. Over the last 12 months NVRI came out ahead by 6.8 percentage points (+91.2% against +98.0%).
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.
GKOS vs NVRI: side by side
| GKOS (Glaukos Corporation) | NVRI (Enviri Corporation) | |
|---|---|---|
| 1-year return | +91.2% | +98.0% |
| 5-year return | +218.6% | +22.4% |
| Volatility (ann.) | 45.7% | 49.8% |
| Beta vs S&P 500 | 0.85 | 1.20 |
| Max drawdown (3Y) | -53.7% | -60.7% |
| Market cap | $10.7B | $0.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GKOS | NVRI |
|---|---|---|
| 2022 | -1.7% | -62.4% |
| 2023 | +82.0% | +43.1% |
| 2024 | +88.6% | -14.4% |
| 2025 | -24.7% | +132.7% |
| 2026 | +61.1% | +25.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GKOS and NVRI good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GKOS and NVRI?
As of 2026-08-27, the correlation of weekly returns between GKOS and NVRI is 0.37 over 3 years, 0.21 over 1 year and 0.28 over 5 years.
Is NVRI a good diversifier for GKOS?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
A reading of 0.37 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/gkos-vs-nvri.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gkos-vs-nvri/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GKOS correlations · NVRI correlations
