MSFT vs NWN: Correlation
Microsoft (MSFT) and Northwest Natural Holding Company (NWN) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MSFT and NWN?
On 3 years of weekly data the MSFT/NWN correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.30 over 1 year against -0.22 over 3. The 5-year figure is -0.05, and annualized covariance runs at -123.2 %².
Among the 39 assets we track against MSFT, NWN ranks #28 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NWN outperformed by 23.9 percentage points (+0.5% for MSFT against +24.4% for NWN).
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.
MSFT vs NWN: side by side
| MSFT (Microsoft) | NWN (Northwest Natural Holding Company) | |
|---|---|---|
| 1-year return | +0.5% | +24.4% |
| 5-year return | +73.3% | +20.2% |
| Volatility (ann.) | 27.5% | 20.8% |
| Beta vs S&P 500 | 1.12 | 0.17 |
| Max drawdown (3Y) | -34.5% | -13.5% |
| Market cap | $3,750.3B | $2.1B |
| P/E (trailing) | 28.1 | 16.9 |
| Dividend yield | 0.73% | 3.91% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | MSFT | NWN |
|---|---|---|
| 2022 | -28.0% | +1.5% |
| 2023 | +58.2% | -14.4% |
| 2024 | +12.9% | +6.8% |
| 2025 | +15.6% | +23.7% |
| 2026 | +5.1% | +9.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MSFT and NWN good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MSFT and NWN?
The MSFT/NWN correlation stands at -0.22 on a 3-year window (1 year: -0.30, 5 years: -0.05), computed from weekly returns as of 2026-08-27.
Is NWN a good diversifier for MSFT?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
A reading of -0.22 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/msft-vs-nwn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/msft-vs-nwn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MSFT correlations · NWN correlations
