NVO vs RVTY: Correlation
Measured on weekly returns over the past three years, Novo Nordisk A/S (NVO) and Revvity (RVTY) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVO and RVTY?
On 3 years of weekly data the NVO/RVTY correlation comes out at 0.44, moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. The 5-year figure is 0.39, and annualized covariance runs at 688.0 %².
RVTY is one of the assets that tracks NVO most closely: it ranks #1 out of the 12 assets we track against NVO. The last year tells two different stories: RVTY led by 60.7 percentage points, -13.9% for NVO against +46.8% for RVTY.
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.
NVO vs RVTY: side by side
| NVO (Novo Nordisk A/S) | RVTY (Revvity) | |
|---|---|---|
| 1-year return | -13.9% | +46.8% |
| 5-year return | +1.3% | -30.2% |
| Volatility (ann.) | 45.9% | 34.2% |
| Beta vs S&P 500 | 1.06 | 0.81 |
| Max drawdown (3Y) | -74.7% | -35.3% |
| Market cap | $204.5B | $14.5B |
| P/E (trailing) | 11.5 | 62.4 |
| Dividend yield | 24.79% | 0.22% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | NVO | RVTY |
|---|---|---|
| 2022 | +22.7% | -30.1% |
| 2023 | +54.8% | -21.9% |
| 2024 | -15.9% | +2.4% |
| 2025 | -39.2% | -13.1% |
| 2026 | -4.5% | +34.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVO and RVTY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NVO and RVTY?
The NVO/RVTY correlation stands at 0.44 on a 3-year window (1 year: 0.51, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is RVTY a good diversifier for NVO?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 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/nvo-vs-rvty.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nvo-vs-rvty/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NVO correlations · RVTY correlations
