NGVT vs PLBY: Correlation
Ingevity Corporation (NGVT) and Playboy, Inc. (PLBY) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NGVT and PLBY?
Across a 3-year window, the weekly returns of NGVT and PLBY correlate at 0.42, moderate. Little has changed lately, as the 1-year reading of 0.36 lands near the 3-year figure. Stretching to 5 years gives 0.37, with an annualized covariance of 1776.3 %².
Within NGVT's tracked universe of 23 assets, PLBY comes in at #18 by 3-year correlation. The last year tells two different stories: NGVT led by 50.1 percentage points, +21.5% for NGVT against -28.6% for PLBY. One caveat on sizing: PLBY is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
NGVT vs PLBY: side by side
| NGVT (Ingevity Corporation) | PLBY (Playboy, Inc.) | |
|---|---|---|
| 1-year return | +21.5% | -28.6% |
| 5-year return | -14.1% | -95.1% |
| Volatility (ann.) | 48.8% | 87.2% |
| Beta vs S&P 500 | 1.39 | 1.39 |
| Max drawdown (3Y) | -45.8% | -66.5% |
| Market cap | $2.4B | $0.1B |
| P/E (trailing) | 98.2 | 60.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NGVT | PLBY |
|---|---|---|
| 2022 | -1.8% | -89.7% |
| 2023 | -33.0% | -63.6% |
| 2024 | -13.7% | +46.0% |
| 2025 | +45.2% | +28.8% |
| 2026 | +17.8% | -36.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NGVT and PLBY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NGVT and PLBY?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.36 over the last year and 0.37 over 5 years.
Is PLBY a good diversifier for NGVT?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 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/ngvt-vs-plby.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ngvt-vs-plby/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NGVT correlations · PLBY correlations
