KVUE vs NVTS: Correlation
How closely do Kenvue (KVUE) and Navitas Semiconductor Corporation (NVTS) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KVUE and NVTS?
Across a 3-year window, the weekly returns of KVUE and NVTS correlate at -0.20, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.36) than the 3-year average (-0.20). Stretching to 5 years gives n/a, with an annualized covariance of -685.5 %².
Among the 34 assets we track against KVUE, NVTS ranks #26 by 3-year correlation. The last year tells two different stories: NVTS led by 109.1 percentage points, -3.0% for KVUE against +106.1% for NVTS. Risk is not evenly split, since NVTS carries 4.5 times the volatility of the other side.
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.
KVUE vs NVTS: side by side
| KVUE (Kenvue) | NVTS (Navitas Semiconductor Corporation) | |
|---|---|---|
| 1-year return | -3.0% | +106.1% |
| 5-year return | n/a | -2.3% |
| Volatility (ann.) | 27.3% | 122.7% |
| Beta vs S&P 500 | 0.16 | 2.11 |
| Max drawdown (3Y) | -41.2% | -81.8% |
| Market cap | $36.9B | $3.3B |
| P/E (trailing) | 22.6 | – |
| Dividend yield | 4.32% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | KVUE | NVTS |
|---|---|---|
| 2022 | – | -79.4% |
| 2023 | – | +129.9% |
| 2024 | +3.1% | -55.8% |
| 2025 | -15.9% | +100.0% |
| 2026 | +15.2% | +75.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KVUE and NVTS good diversifiers for each other?
Yes. With a correlation of -0.20, KVUE and NVTS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between KVUE and NVTS?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.36 over the last year and n/a over 5 years.
Is NVTS a good diversifier for KVUE?
Yes. With a correlation of -0.20, KVUE and NVTS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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/kvue-vs-nvts.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kvue-vs-nvts/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KVUE correlations · NVTS correlations
