KRUS vs NVST: Correlation
Measured on weekly returns over the past three years, Kura Sushi USA, Inc. (KRUS) and Envista Holdings Corporation (NVST) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KRUS and NVST?
Across a 3-year window, the weekly returns of KRUS and NVST correlate at 0.47, moderate. The relationship has been stable: the 1-year correlation (0.55) sits close to the 3-year figure. Stretching to 5 years gives 0.39, with an annualized covariance of 1147.1 %².
Within KRUS's tracked universe of 13 assets, NVST comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NVST outperformed by 72.1 percentage points (-42.9% for KRUS against +29.2% for NVST). Note the risk asymmetry: KRUS runs 1.9 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.
KRUS vs NVST: side by side
| KRUS (Kura Sushi USA, Inc.) | NVST (Envista Holdings Corporation) | |
|---|---|---|
| 1-year return | -42.9% | +29.2% |
| 5-year return | -8.8% | -35.8% |
| Volatility (ann.) | 69.0% | 35.4% |
| Beta vs S&P 500 | 1.57 | 0.80 |
| Max drawdown (3Y) | -65.4% | -55.4% |
| Market cap | $0.6B | $4.4B |
| P/E (trailing) | – | 48.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KRUS | NVST |
|---|---|---|
| 2022 | -41.0% | -25.3% |
| 2023 | +59.4% | -28.5% |
| 2024 | +19.2% | -19.8% |
| 2025 | -42.2% | +12.5% |
| 2026 | -11.6% | +26.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KRUS and NVST good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between KRUS and NVST?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.55 over the last year and 0.39 over 5 years.
Is NVST a good diversifier for KRUS?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
A reading of 0.47 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/krus-vs-nvst.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/krus-vs-nvst/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KRUS correlations · NVST correlations
