KLAC vs NVMI: Correlation
KLA Corporation (KLAC) and Nova Ltd. (NVMI) show a strong relationship: their 3-year correlation of weekly returns is 0.77.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KLAC and NVMI?
On 3 years of weekly data the KLAC/NVMI correlation comes out at 0.77, strong. The relationship has been stable: the 1-year correlation (0.84) sits close to the 3-year figure. The 5-year figure is 0.80, and annualized covariance runs at 1822.5 %².
Within KLAC's tracked universe of 40 assets, NVMI comes in at #8 by 3-year correlation. The last year tells two different stories: KLAC led by 67.2 percentage points, +107.9% for KLAC against +40.7% for NVMI.
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.
KLAC vs NVMI: side by side
| KLAC (KLA Corporation) | NVMI (Nova Ltd.) | |
|---|---|---|
| 1-year return | +107.9% | +40.7% |
| 5-year return | +463.9% | +266.1% |
| Volatility (ann.) | 45.6% | 51.8% |
| Beta vs S&P 500 | 1.84 | 1.93 |
| Max drawdown (3Y) | -43.6% | -40.8% |
| Market cap | $240.1B | $11.8B |
| P/E (trailing) | 50.2 | 45.7 |
| Dividend yield | 0.44% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | KLAC | NVMI |
|---|---|---|
| 2022 | -11.2% | -44.2% |
| 2023 | +56.0% | +68.2% |
| 2024 | +9.4% | +43.4% |
| 2025 | +94.5% | +66.7% |
| 2026 | +51.8% | +12.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KLAC and NVMI good diversifiers for each other?
Only partially. A correlation of 0.77 means KLAC and NVMI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between KLAC and NVMI?
As of 2026-08-27, the correlation of weekly returns between KLAC and NVMI is 0.77 over 3 years, 0.84 over 1 year and 0.80 over 5 years.
Is NVMI a good diversifier for KLAC?
Only partially. A correlation of 0.77 means KLAC and NVMI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.77 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/klac-vs-nvmi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/klac-vs-nvmi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KLAC correlations · NVMI correlations
