NVST vs YHGJ: Correlation
Envista Holdings Corporation (NVST) and Yunhong Green CTI Ltd. (YHGJ) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVST and YHGJ?
Across a 3-year window, the weekly returns of NVST and YHGJ correlate at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.29 over 1 year against -0.22 over 3. Stretching to 5 years gives -0.07, with an annualized covariance of -712.3 %².
YHGJ is close to the least connected end of NVST's tracked universe, ranking #16 of 18. Correlation aside, the last 12 months split them widely, with NVST ahead by 74.1 points (+29.2% versus -44.9%). Risk is not evenly split, since YHGJ carries 2.6 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 YHGJ: side by side
| NVST (Envista Holdings Corporation) | YHGJ (Yunhong Green CTI Ltd.) | |
|---|---|---|
| 1-year return | +29.2% | -44.9% |
| 5-year return | -35.8% | -85.6% |
| Volatility (ann.) | 35.4% | 90.5% |
| Beta vs S&P 500 | 0.80 | -0.69 |
| Max drawdown (3Y) | -55.4% | -91.7% |
| Market cap | $4.4B | – |
| P/E (trailing) | 48.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NVST | YHGJ |
|---|---|---|
| 2022 | -25.3% | -12.6% |
| 2023 | -28.5% | +105.8% |
| 2024 | -19.8% | -74.3% |
| 2025 | +12.5% | -34.0% |
| 2026 | +26.4% | -19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVST and YHGJ good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NVST and YHGJ?
As of 2026-08-27, the correlation of weekly returns between NVST and YHGJ is -0.22 over 3 years, -0.29 over 1 year and -0.07 over 5 years.
Is YHGJ a good diversifier for NVST?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
A reading of -0.22 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/nvst-vs-yhgj.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nvst-vs-yhgj/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NVST correlations · YHGJ correlations
