JCI vs NVT: Correlation
How closely do Johnson Controls (JCI) and nVent Electric plc (NVT) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JCI and NVT?
Over the past 3 years, JCI and NVT moved with a correlation of 0.54, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.39 versus 0.54 over 3 years. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 559.7 %².
Within JCI's tracked universe of 32 assets, NVT comes in at #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NVT outperformed by 41.0 percentage points (+30.9% for JCI 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.
JCI vs NVT: side by side
| JCI (Johnson Controls) | NVT (nVent Electric plc) | |
|---|---|---|
| 1-year return | +30.9% | +71.9% |
| 5-year return | +108.2% | +382.4% |
| Volatility (ann.) | 28.1% | 36.7% |
| Beta vs S&P 500 | 0.98 | 1.68 |
| Max drawdown (3Y) | -21.1% | -46.7% |
| Market cap | $86.1B | $25.2B |
| P/E (trailing) | 40.1 | 43.2 |
| Dividend yield | 1.11% | 0.53% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | JCI | NVT |
|---|---|---|
| 2022 | -19.3% | +3.3% |
| 2023 | -7.6% | +56.0% |
| 2024 | +39.8% | +16.6% |
| 2025 | +53.0% | +51.3% |
| 2026 | +19.5% | +53.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JCI and NVT 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 JCI and NVT?
As of 2026-08-27, the correlation of weekly returns between JCI and NVT is 0.54 over 3 years, 0.39 over 1 year and 0.55 over 5 years.
Is NVT a good diversifier for JCI?
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?
A reading of 0.54 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/jci-vs-nvt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/jci-vs-nvt/)
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Related comparisons
Hubs: JCI correlations · NVT correlations
