NATL vs VTOL: Correlation
How closely do NCR Atleos Corporation (NATL) and Bristow Group, Inc. (VTOL) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NATL and VTOL?
Over the past 3 years, NATL and VTOL moved with a correlation of 0.41, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.10 versus 0.41 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 570.1 %².
By 3-year correlation, VTOL places #4 of the 11 assets tracked against NATL. Over the last 12 months VTOL came out ahead by 7.3 percentage points (+14.2% 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.
NATL vs VTOL: side by side
| NATL (NCR Atleos Corporation) | VTOL (Bristow Group, Inc.) | |
|---|---|---|
| 1-year return | +14.2% | +21.5% |
| 5-year return | n/a | +49.4% |
| Volatility (ann.) | 36.3% | 38.0% |
| Beta vs S&P 500 | 0.75 | 1.00 |
| Max drawdown (3Y) | -34.7% | -35.3% |
| Market cap | $3.4B | $1.4B |
| P/E (trailing) | 17.8 | 13.0 |
| Dividend yield | 0.00% | 0.55% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NATL | VTOL |
|---|---|---|
| 2022 | – | -14.3% |
| 2023 | – | +4.2% |
| 2024 | +39.6% | +21.3% |
| 2025 | +12.4% | +6.8% |
| 2026 | +20.7% | +26.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NATL and VTOL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NATL and VTOL?
As of 2026-08-27, the correlation of weekly returns between NATL and VTOL is 0.41 over 3 years, 0.10 over 1 year and n/a over 5 years.
Is VTOL a good diversifier for NATL?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 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/natl-vs-vtol.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/natl-vs-vtol/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NATL correlations · VTOL correlations
