NGVT vs SBH: Correlation
Ingevity Corporation (NGVT) and Sally Beauty Holdings, Inc. Commo (SBH) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NGVT and SBH?
On 3 years of weekly data the NGVT/SBH correlation comes out at 0.52, moderate. The relationship has been stable: the 1-year correlation (0.53) sits close to the 3-year figure. The 5-year figure is 0.50, and annualized covariance runs at 1151.1 %².
By 3-year correlation, SBH places #11 of the 23 assets tracked against NGVT. Over the last 12 months NGVT came out ahead by 5.0 percentage points (+21.5% against +16.5%).
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.
NGVT vs SBH: side by side
| NGVT (Ingevity Corporation) | SBH (Sally Beauty Holdings, Inc. Commo) | |
|---|---|---|
| 1-year return | +21.5% | +16.5% |
| 5-year return | -14.1% | -12.3% |
| Volatility (ann.) | 48.8% | 45.3% |
| Beta vs S&P 500 | 1.39 | 1.15 |
| Max drawdown (3Y) | -45.8% | -45.2% |
| Market cap | $2.4B | $1.5B |
| P/E (trailing) | 98.2 | 8.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NGVT | SBH |
|---|---|---|
| 2022 | -1.8% | -32.2% |
| 2023 | -33.0% | +6.1% |
| 2024 | -13.7% | -21.3% |
| 2025 | +45.2% | +36.5% |
| 2026 | +17.8% | +15.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NGVT and SBH good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between NGVT and SBH?
As of 2026-08-27, the correlation of weekly returns between NGVT and SBH is 0.52 over 3 years, 0.53 over 1 year and 0.50 over 5 years.
Is SBH a good diversifier for NGVT?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
A reading of 0.52 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-sbh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ngvt-vs-sbh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NGVT correlations · SBH correlations
