GNRC vs NCV: Correlation
Measured on weekly returns over the past three years, Generac (GNRC) and Virtus Convertible & Income Fund (NCV) 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 GNRC and NCV?
Over the past 3 years, GNRC and NCV moved with a correlation of 0.54, which is moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.54 over 3. Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 457.7 %².
Within GNRC's tracked universe of 35 assets, NCV comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NCV ahead by 20.5 points (+5.5% versus +26.0%). Note the risk asymmetry: GNRC runs 2.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
GNRC vs NCV: side by side
| GNRC (Generac) | NCV (Virtus Convertible & Income Fund) | |
|---|---|---|
| 1-year return | +5.5% | +26.0% |
| 5-year return | -55.4% | +22.6% |
| Volatility (ann.) | 46.1% | 18.3% |
| Beta vs S&P 500 | 1.35 | 0.88 |
| Max drawdown (3Y) | -47.8% | -17.8% |
| Market cap | $11.6B | – |
| P/E (trailing) | 47.4 | 4.5 |
| Dividend yield | 0.00% | 9.84% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | GNRC | NCV |
|---|---|---|
| 2022 | -71.4% | -33.9% |
| 2023 | +28.4% | +12.7% |
| 2024 | +20.0% | +16.2% |
| 2025 | -12.0% | +22.6% |
| 2026 | +44.7% | +18.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GNRC and NCV good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GNRC and NCV?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.48 over the last year and 0.51 over 5 years.
Is NCV a good diversifier for GNRC?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gnrc-vs-ncv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gnrc-vs-ncv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GNRC correlations · NCV correlations
