NVRI vs USB: Correlation
How closely do Enviri Corporation (NVRI) and U.S. Bancorp (USB) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVRI and USB?
Across a 3-year window, the weekly returns of NVRI and USB correlate at 0.50, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.29 versus 0.50 over 3 years. Stretching to 5 years gives 0.34, with an annualized covariance of 678.1 %².
USB is one of the assets that tracks NVRI most closely: it ranks #1 out of the 11 assets we track against NVRI. Correlation aside, the last 12 months split them widely, with NVRI ahead by 64.9 points (+98.0% versus +33.1%). One caveat on sizing: NVRI is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
NVRI vs USB: side by side
| NVRI (Enviri Corporation) | USB (U.S. Bancorp) | |
|---|---|---|
| 1-year return | +98.0% | +33.1% |
| 5-year return | +22.4% | +36.0% |
| Volatility (ann.) | 49.8% | 27.3% |
| Beta vs S&P 500 | 1.20 | 1.09 |
| Max drawdown (3Y) | -60.7% | -30.6% |
| Market cap | $0.6B | $97.2B |
| P/E (trailing) | – | 12.5 |
| Dividend yield | 0.00% | 3.31% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | NVRI | USB |
|---|---|---|
| 2022 | -62.4% | -19.1% |
| 2023 | +43.1% | +4.8% |
| 2024 | -14.4% | +15.6% |
| 2025 | +132.7% | +16.5% |
| 2026 | +25.4% | +19.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVRI and USB good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between NVRI and USB?
As of 2026-08-27, the correlation of weekly returns between NVRI and USB is 0.50 over 3 years, 0.29 over 1 year and 0.34 over 5 years.
Is USB a good diversifier for NVRI?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nvri-vs-usb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nvri-vs-usb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NVRI correlations · USB correlations
