NVST vs SVV: Correlation
Measured on weekly returns over the past three years, Envista Holdings Corporation (NVST) and Savers Value Village, Inc. (SVV) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVST and SVV?
On 3 years of weekly data the NVST/SVV correlation comes out at 0.39, moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 770.0 %².
By 3-year correlation, SVV places #11 of the 18 assets tracked against NVST. The last year tells two different stories: NVST led by 38.6 percentage points, +29.2% for NVST against -9.4% for SVV. Risk is not evenly split, since SVV 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.
NVST vs SVV: side by side
| NVST (Envista Holdings Corporation) | SVV (Savers Value Village, Inc.) | |
|---|---|---|
| 1-year return | +29.2% | -9.4% |
| 5-year return | -35.8% | n/a |
| Volatility (ann.) | 35.4% | 55.5% |
| Beta vs S&P 500 | 0.80 | 0.87 |
| Max drawdown (3Y) | -55.4% | -73.6% |
| Market cap | $4.4B | $1.6B |
| P/E (trailing) | 48.1 | 70.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NVST | SVV |
|---|---|---|
| 2022 | -25.3% | – |
| 2023 | -28.5% | – |
| 2024 | -19.8% | -41.0% |
| 2025 | +12.5% | -8.9% |
| 2026 | +26.4% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVST and SVV good diversifiers for each other?
Reasonably. At 0.39, NVST and SVV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between NVST and SVV?
As of 2026-08-27, the correlation of weekly returns between NVST and SVV is 0.39 over 3 years, 0.48 over 1 year and n/a over 5 years.
Is SVV a good diversifier for NVST?
Reasonably. At 0.39, NVST and SVV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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/nvst-vs-svv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nvst-vs-svv/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NVST correlations · SVV correlations
