NGVT vs PRVA: Correlation
How closely do Ingevity Corporation (NGVT) and Privia Health Group, Inc. (PRVA) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NGVT and PRVA?
Across a 3-year window, the weekly returns of NGVT and PRVA correlate at 0.47, moderate. The past 12 months show a weaker link (0.21) than the 3-year average (0.47). Stretching to 5 years gives 0.31, with an annualized covariance of 791.0 %².
By 3-year correlation, PRVA places #16 of the 23 assets tracked against NGVT. The last year tells two different stories: NGVT led by 25.6 percentage points, +21.5% for NGVT against -4.1% for PRVA.
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 PRVA: side by side
| NGVT (Ingevity Corporation) | PRVA (Privia Health Group, Inc.) | |
|---|---|---|
| 1-year return | +21.5% | -4.1% |
| 5-year return | -14.1% | -36.0% |
| Volatility (ann.) | 48.8% | 34.7% |
| Beta vs S&P 500 | 1.39 | 0.73 |
| Max drawdown (3Y) | -45.8% | -40.0% |
| Market cap | $2.4B | $2.7B |
| P/E (trailing) | 98.2 | 94.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NGVT | PRVA |
|---|---|---|
| 2022 | -1.8% | -12.2% |
| 2023 | -33.0% | +1.4% |
| 2024 | -13.7% | -15.1% |
| 2025 | +45.2% | +21.3% |
| 2026 | +17.8% | -12.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NGVT and PRVA good diversifiers for each other?
Reasonably. At 0.47, NGVT and PRVA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between NGVT and PRVA?
The NGVT/PRVA correlation stands at 0.47 on a 3-year window (1 year: 0.21, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is PRVA a good diversifier for NGVT?
Reasonably. At 0.47, NGVT and PRVA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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.
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Related comparisons
Hubs: NGVT correlations · PRVA correlations
