JBL vs NVT: Correlation
Jabil (JBL) and nVent Electric plc (NVT) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JBL and NVT?
Across a 3-year window, the weekly returns of JBL and NVT correlate at 0.57, moderate. Recent behaviour matches the longer record: 0.64 over 1 year against 0.57 over 3. Stretching to 5 years gives 0.58, with an annualized covariance of 855.2 %².
By 3-year correlation, NVT places #11 of the 34 assets tracked against JBL. Their recent paths diverged sharply: over the last 12 months NVT outperformed by 21.5 percentage points (+50.4% for JBL 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.
JBL vs NVT: side by side
| JBL (Jabil) | NVT (nVent Electric plc) | |
|---|---|---|
| 1-year return | +50.4% | +71.9% |
| 5-year return | +405.5% | +382.4% |
| Volatility (ann.) | 40.6% | 36.7% |
| Beta vs S&P 500 | 1.47 | 1.68 |
| Max drawdown (3Y) | -36.8% | -46.7% |
| Market cap | $32.7B | $25.2B |
| P/E (trailing) | 38.9 | 43.2 |
| Dividend yield | 0.10% | 0.53% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | JBL | NVT |
|---|---|---|
| 2022 | -2.5% | +3.3% |
| 2023 | +87.4% | +56.0% |
| 2024 | +13.3% | +16.6% |
| 2025 | +58.7% | +51.3% |
| 2026 | +37.0% | +53.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JBL and NVT good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between JBL and NVT?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.64 over the last year and 0.58 over 5 years.
Is NVT a good diversifier for JBL?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 mean?
On the −1 to +1 scale, 0.57 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/jbl-vs-nvt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/jbl-vs-nvt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JBL correlations · NVT correlations
