GPRO vs NRGV: Correlation
Measured on weekly returns over the past three years, GoPro, Inc. (GPRO) and Energy Vault Holdings, Inc. (NRGV) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPRO and NRGV?
Over the past 3 years, GPRO and NRGV moved with a correlation of 0.42, which is moderate. The past 12 months show a weaker link (0.17) than the 3-year average (0.42). Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 4301.4 %².
Among the 15 assets we track against GPRO, NRGV ranks #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NRGV outperformed by 193.1 percentage points (-64.4% for GPRO against +128.7% for NRGV).
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.
GPRO vs NRGV: side by side
| GPRO (GoPro, Inc.) | NRGV (Energy Vault Holdings, Inc.) | |
|---|---|---|
| 1-year return | -64.4% | +128.7% |
| 5-year return | -93.9% | -61.1% |
| Volatility (ann.) | 96.8% | 104.9% |
| Beta vs S&P 500 | 2.84 | 2.23 |
| Max drawdown (3Y) | -87.2% | -80.7% |
| Market cap | $0.1B | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GPRO | NRGV |
|---|---|---|
| 2022 | -51.7% | -68.5% |
| 2023 | -30.3% | -25.3% |
| 2024 | -68.6% | -2.1% |
| 2025 | +29.4% | +102.2% |
| 2026 | -57.1% | -18.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPRO and NRGV good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GPRO and NRGV?
The GPRO/NRGV correlation stands at 0.42 on a 3-year window (1 year: 0.17, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is NRGV a good diversifier for GPRO?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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/gpro-vs-nrgv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gpro-vs-nrgv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GPRO correlations · NRGV correlations
