MYRG vs NVT: Correlation
Measured on weekly returns over the past three years, MYR Group, Inc. (MYRG) and nVent Electric plc (NVT) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MYRG and NVT?
On 3 years of weekly data the MYRG/NVT correlation comes out at 0.59, moderate. The relationship has been stable: the 1-year correlation (0.52) sits close to the 3-year figure. The 5-year figure is 0.55, and annualized covariance runs at 1082.0 %².
In MYRG's tracked universe of 14 assets, NVT sits right near the top at #3. The trailing year gives NVT the advantage: +65.5% versus +71.9%, a 6.4-point spread.
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.
MYRG vs NVT: side by side
| MYRG (MYR Group, Inc.) | NVT (nVent Electric plc) | |
|---|---|---|
| 1-year return | +65.5% | +71.9% |
| 5-year return | +196.6% | +382.4% |
| Volatility (ann.) | 49.8% | 36.7% |
| Beta vs S&P 500 | 1.63 | 1.68 |
| Max drawdown (3Y) | -50.3% | -46.7% |
| Market cap | $4.8B | $25.2B |
| P/E (trailing) | 29.7 | 43.2 |
| Dividend yield | 0.00% | 0.53% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MYRG | NVT |
|---|---|---|
| 2022 | -16.7% | +3.3% |
| 2023 | +57.1% | +56.0% |
| 2024 | +2.9% | +16.6% |
| 2025 | +46.9% | +51.3% |
| 2026 | +41.6% | +53.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MYRG and NVT good diversifiers for each other?
To a limited degree. At 0.59 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 MYRG and NVT?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.52 over the last year and 0.55 over 5 years.
Is NVT a good diversifier for MYRG?
To a limited degree. At 0.59 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 0.59 mean?
On the −1 to +1 scale, 0.59 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/myrg-vs-nvt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/myrg-vs-nvt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MYRG correlations · NVT correlations
