LLY vs NGVT: Correlation
Lilly (Eli) (LLY) and Ingevity Corporation (NGVT) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LLY and NGVT?
Across a 3-year window, the weekly returns of LLY and NGVT correlate at -0.20, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.06 versus -0.20 over 3 years. Stretching to 5 years gives -0.15, with an annualized covariance of -361.2 %².
By 3-year correlation, NGVT places #23 of the 29 assets tracked against LLY. Correlation aside, the last 12 months split them widely, with LLY ahead by 39.7 points (+61.2% versus +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.
LLY vs NGVT: side by side
| LLY (Lilly (Eli)) | NGVT (Ingevity Corporation) | |
|---|---|---|
| 1-year return | +61.2% | +21.5% |
| 5-year return | +369.2% | -14.1% |
| Volatility (ann.) | 36.6% | 48.8% |
| Beta vs S&P 500 | 0.57 | 1.39 |
| Max drawdown (3Y) | -34.5% | -45.8% |
| Market cap | $1,048.8B | $2.4B |
| P/E (trailing) | 40.0 | 98.2 |
| Dividend yield | 0.54% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | LLY | NGVT |
|---|---|---|
| 2022 | +34.3% | -1.8% |
| 2023 | +60.9% | -33.0% |
| 2024 | +33.3% | -13.7% |
| 2025 | +40.2% | +45.2% |
| 2026 | +10.0% | +17.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LLY and NGVT good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between LLY and NGVT?
As of 2026-08-27, the correlation of weekly returns between LLY and NGVT is -0.20 over 3 years, -0.06 over 1 year and -0.15 over 5 years.
Is NGVT a good diversifier for LLY?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
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
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Related comparisons
Hubs: LLY correlations · NGVT correlations
