NVT vs SANM: Correlation
How closely do nVent Electric plc (NVT) and Sanmina Corporation (SANM) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVT and SANM?
Over the past 3 years, NVT and SANM moved with a correlation of 0.55, which is moderate. Recent behaviour matches the longer record: 0.50 over 1 year against 0.55 over 3. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 935.0 %².
By 3-year correlation, SANM places #24 of the 37 assets tracked against NVT. Neither side won the trailing year by much: +71.9% against +73.9%.
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.
NVT vs SANM: side by side
| NVT (nVent Electric plc) | SANM (Sanmina Corporation) | |
|---|---|---|
| 1-year return | +71.9% | +73.9% |
| 5-year return | +382.4% | +410.5% |
| Volatility (ann.) | 36.7% | 46.6% |
| Beta vs S&P 500 | 1.68 | 1.34 |
| Max drawdown (3Y) | -46.7% | -42.0% |
| Market cap | $25.2B | $10.9B |
| P/E (trailing) | 43.2 | 35.6 |
| Dividend yield | 0.53% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NVT | SANM |
|---|---|---|
| 2022 | +3.3% | +38.2% |
| 2023 | +56.0% | -10.3% |
| 2024 | +16.6% | +47.3% |
| 2025 | +51.3% | +98.3% |
| 2026 | +53.3% | +35.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVT and SANM good diversifiers for each other?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between NVT and SANM?
As of 2026-08-27, the correlation of weekly returns between NVT and SANM is 0.55 over 3 years, 0.50 over 1 year and 0.53 over 5 years.
Is SANM a good diversifier for NVT?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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/nvt-vs-sanm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nvt-vs-sanm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NVT correlations · SANM correlations
