NVS vs PFE: Correlation
Measured on weekly returns over the past three years, Novartis AG (NVS) and Pfizer (PFE) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVS and PFE?
Across a 3-year window, the weekly returns of NVS and PFE correlate at 0.47, moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. Stretching to 5 years gives 0.50, with an annualized covariance of 219.5 %².
Within NVS's tracked universe of 22 assets, PFE comes in at #8 by 3-year correlation. The trailing year gives NVS the advantage: +25.6% versus +19.6%, a 6.0-point spread.
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.
NVS vs PFE: side by side
| NVS (Novartis AG) | PFE (Pfizer) | |
|---|---|---|
| 1-year return | +25.6% | +19.6% |
| 5-year return | +103.5% | -21.9% |
| Volatility (ann.) | 19.6% | 23.8% |
| Beta vs S&P 500 | 0.25 | 0.40 |
| Max drawdown (3Y) | -20.0% | -34.8% |
| Market cap | $293.9B | $159.7B |
| P/E (trailing) | 23.4 | 37.4 |
| Dividend yield | 2.96% | 6.08% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | NVS | PFE |
|---|---|---|
| 2022 | +8.1% | -10.4% |
| 2023 | +16.1% | -41.3% |
| 2024 | +0.0% | -2.2% |
| 2025 | +47.0% | +0.6% |
| 2026 | +15.6% | +18.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVS and PFE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NVS and PFE?
As of 2026-08-27, the correlation of weekly returns between NVS and PFE is 0.47 over 3 years, 0.48 over 1 year and 0.50 over 5 years.
Is PFE a good diversifier for NVS?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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/nvs-vs-pfe.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nvs-vs-pfe/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NVS correlations · PFE correlations
