NVST vs TPR: Correlation
How closely do Envista Holdings Corporation (NVST) and Tapestry, Inc. (TPR) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVST and TPR?
On 3 years of weekly data the NVST/TPR correlation comes out at 0.49, moderate. The link has tightened recently: the 1-year correlation (0.62) runs above the 3-year figure (0.49). The 5-year figure is 0.46, and annualized covariance runs at 661.4 %².
Within NVST's tracked universe of 18 assets, TPR comes in at #6 by 3-year correlation. On 12-month performance NVST holds a 5.6-point edge, +29.2% against +23.6%.
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 TPR: side by side
| NVST (Envista Holdings Corporation) | TPR (Tapestry, Inc.) | |
|---|---|---|
| 1-year return | +29.2% | +23.6% |
| 5-year return | -35.8% | +240.1% |
| Volatility (ann.) | 35.4% | 37.8% |
| Beta vs S&P 500 | 0.80 | 1.05 |
| Max drawdown (3Y) | -55.4% | -31.8% |
| Market cap | $4.4B | $24.6B |
| P/E (trailing) | 48.1 | 17.9 |
| Dividend yield | 0.00% | 1.23% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | NVST | TPR |
|---|---|---|
| 2022 | -25.3% | -3.3% |
| 2023 | -28.5% | +0.2% |
| 2024 | -19.8% | +82.8% |
| 2025 | +12.5% | +98.7% |
| 2026 | +26.4% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVST and TPR good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NVST and TPR?
As of 2026-08-27, the correlation of weekly returns between NVST and TPR is 0.49 over 3 years, 0.62 over 1 year and 0.46 over 5 years.
Is TPR a good diversifier for NVST?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nvst-vs-tpr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nvst-vs-tpr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NVST correlations · TPR correlations
