NVDA vs PLTR: Correlation
How closely do Nvidia (NVDA) and Palantir Technologies (PLTR) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVDA and PLTR?
Over the past 3 years, NVDA and PLTR moved with a correlation of 0.46, which is moderate. Little has changed lately, as the 1-year reading of 0.38 lands near the 3-year figure. Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 1468.7 %².
Among the 37 assets we track against NVDA, PLTR ranks #25 by 3-year correlation. The trailing year gives NVDA the advantage: +25.7% versus +18.6%, a 7.1-point spread. The rolling one-year correlation moved between 0.27 and 0.59 over the past three years, a moderate range. Risk is not evenly split, since PLTR carries 1.6 times the volatility of the other side.
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.
NVDA vs PLTR: side by side
| NVDA (Nvidia) | PLTR (Palantir Technologies) | |
|---|---|---|
| 1-year return | +25.7% | +18.6% |
| 5-year return | +908.3% | +621.8% |
| Volatility (ann.) | 44.5% | 71.3% |
| Beta vs S&P 500 | 2.18 | 2.47 |
| Max drawdown (3Y) | -36.9% | -48.2% |
| Market cap | $5,505.0B | $446.8B |
| P/E (trailing) | 32.2 | 151.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | NVDA | PLTR |
|---|---|---|
| 2022 | -50.3% | -64.7% |
| 2023 | +239.0% | +167.4% |
| 2024 | +171.2% | +340.5% |
| 2025 | +38.9% | +135.0% |
| 2026 | +22.4% | +4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVDA and PLTR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NVDA and PLTR?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.38 over the last year and 0.49 over 5 years.
Is PLTR a good diversifier for NVDA?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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: NVDA correlations · PLTR correlations
