NRG vs NVT: Correlation
NRG Energy (NRG) and nVent Electric plc (NVT) 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 NRG and NVT?
Across a 3-year window, the weekly returns of NRG and NVT correlate at 0.52, moderate. The past 12 months show a weaker link (0.25) than the 3-year average (0.52). Stretching to 5 years gives 0.49, with an annualized covariance of 848.6 %².
Within NRG's tracked universe of 31 assets, NVT comes in at #8 by 3-year correlation. The last year tells two different stories: NVT led by 93.7 percentage points, -21.8% for NRG against +71.9% for NVT.
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.
NRG vs NVT: side by side
| NRG (NRG Energy) | NVT (nVent Electric plc) | |
|---|---|---|
| 1-year return | -21.8% | +71.9% |
| 5-year return | +191.5% | +382.4% |
| Volatility (ann.) | 44.4% | 36.7% |
| Beta vs S&P 500 | 1.30 | 1.68 |
| Max drawdown (3Y) | -38.9% | -46.7% |
| Market cap | $24.1B | $25.2B |
| P/E (trailing) | 30.2 | 43.2 |
| Dividend yield | 1.61% | 0.53% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | NRG | NVT |
|---|---|---|
| 2022 | -23.5% | +3.3% |
| 2023 | +69.4% | +56.0% |
| 2024 | +78.6% | +16.6% |
| 2025 | +78.9% | +51.3% |
| 2026 | -27.5% | +53.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NRG and NVT good diversifiers for each other?
To a limited degree. At 0.52 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 NRG and NVT?
The NRG/NVT correlation stands at 0.52 on a 3-year window (1 year: 0.25, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is NVT a good diversifier for NRG?
To a limited degree. At 0.52 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 0.52 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nrg-vs-nvt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nrg-vs-nvt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NRG correlations · NVT correlations
