KWR vs NGVT: Correlation
Quaker Houghton (KWR) and Ingevity Corporation (NGVT) show a strong relationship: their 3-year correlation of weekly returns is 0.64.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KWR and NGVT?
Across a 3-year window, the weekly returns of KWR and NGVT correlate at 0.64, strong. Little has changed lately, as the 1-year reading of 0.57 lands near the 3-year figure. Stretching to 5 years gives 0.56, with an annualized covariance of 1074.6 %².
By 3-year correlation, NGVT places #7 of the 20 assets tracked against KWR. Over the last 12 months NGVT came out ahead by 6.4 percentage points (+15.1% against +21.5%).
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.
KWR vs NGVT: side by side
| KWR (Quaker Houghton) | NGVT (Ingevity Corporation) | |
|---|---|---|
| 1-year return | +15.1% | +21.5% |
| 5-year return | -32.5% | -14.1% |
| Volatility (ann.) | 34.3% | 48.8% |
| Beta vs S&P 500 | 1.16 | 1.39 |
| Max drawdown (3Y) | -55.3% | -45.8% |
| Market cap | $2.8B | $2.4B |
| P/E (trailing) | 29.4 | 98.2 |
| Dividend yield | 1.24% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KWR | NGVT |
|---|---|---|
| 2022 | -26.9% | -1.8% |
| 2023 | +29.1% | -33.0% |
| 2024 | -33.4% | -13.7% |
| 2025 | -0.8% | +45.2% |
| 2026 | +20.9% | +17.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KWR and NGVT good diversifiers for each other?
To a limited degree. At 0.64 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between KWR and NGVT?
Using weekly returns as of 2026-08-27: 0.64 over 3 years, with 0.57 over the last year and 0.56 over 5 years.
Is NGVT a good diversifier for KWR?
To a limited degree. At 0.64 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.64 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/kwr-vs-ngvt.json
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KWR correlations · NGVT correlations
