GLW vs NVT: Correlation
How closely do Corning Inc. (GLW) and nVent Electric plc (NVT) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLW and NVT?
Across a 3-year window, the weekly returns of GLW and NVT correlate at 0.52, moderate. The relationship has been stable: the 1-year correlation (0.44) sits close to the 3-year figure. Stretching to 5 years gives 0.47, with an annualized covariance of 797.0 %².
By 3-year correlation, NVT places #14 of the 37 assets tracked against GLW. The last year tells two different stories: GLW led by 57.8 percentage points, +129.7% for GLW 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.
GLW vs NVT: side by side
| GLW (Corning Inc.) | NVT (nVent Electric plc) | |
|---|---|---|
| 1-year return | +129.7% | +71.9% |
| 5-year return | +331.4% | +382.4% |
| Volatility (ann.) | 42.1% | 36.7% |
| Beta vs S&P 500 | 1.15 | 1.68 |
| Max drawdown (3Y) | -51.5% | -46.7% |
| Market cap | $131.6B | $25.2B |
| P/E (trailing) | 70.4 | 43.2 |
| Dividend yield | 0.73% | 0.53% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | GLW | NVT |
|---|---|---|
| 2022 | -11.6% | +3.3% |
| 2023 | -1.2% | +56.0% |
| 2024 | +60.6% | +16.6% |
| 2025 | +87.8% | +51.3% |
| 2026 | +75.1% | +53.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLW and NVT good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between GLW and NVT?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.44 over the last year and 0.47 over 5 years.
Is NVT a good diversifier for GLW?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 mean?
A reading of 0.52 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/glw-vs-nvt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/glw-vs-nvt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GLW correlations · NVT correlations
