LRCX vs NVMI: Correlation
Measured on weekly returns over the past three years, Lam Research (LRCX) and Nova Ltd. (NVMI) carry a correlation of 0.75, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LRCX and NVMI?
Over the past 3 years, LRCX and NVMI moved with a correlation of 0.75, which is strong. Little has changed lately, as the 1-year reading of 0.77 lands near the 3-year figure. Over 5 years the correlation is 0.77, and the annualized covariance of weekly returns is 1805.9 %².
Within LRCX's tracked universe of 36 assets, NVMI comes in at #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months LRCX outperformed by 168.3 percentage points (+209.0% for LRCX 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.
LRCX vs NVMI: side by side
| LRCX (Lam Research) | NVMI (Nova Ltd.) | |
|---|---|---|
| 1-year return | +209.0% | +40.7% |
| 5-year return | +452.0% | +266.1% |
| Volatility (ann.) | 46.7% | 51.8% |
| Beta vs S&P 500 | 2.03 | 1.93 |
| Max drawdown (3Y) | -47.1% | -40.8% |
| Market cap | $398.6B | $11.8B |
| P/E (trailing) | 54.4 | 45.7 |
| Dividend yield | 0.33% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | LRCX | NVMI |
|---|---|---|
| 2022 | -40.7% | -44.2% |
| 2023 | +88.6% | +68.2% |
| 2024 | -6.8% | +43.4% |
| 2025 | +139.2% | +66.7% |
| 2026 | +86.5% | +12.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LRCX and NVMI good diversifiers for each other?
To a limited degree. At 0.75 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 LRCX and NVMI?
The LRCX/NVMI correlation stands at 0.75 on a 3-year window (1 year: 0.77, 5 years: 0.77), computed from weekly returns as of 2026-08-27.
Is NVMI a good diversifier for LRCX?
To a limited degree. At 0.75 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 0.75 mean?
On the −1 to +1 scale, 0.75 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/lrcx-vs-nvmi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lrcx-vs-nvmi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LRCX correlations · NVMI correlations
