NVT vs STRL: Correlation
Measured on weekly returns over the past three years, nVent Electric plc (NVT) and Sterling Infrastructure, Inc. (STRL) carry a correlation of 0.60, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVT and STRL?
Over the past 3 years, NVT and STRL moved with a correlation of 0.60, which is strong. The link has loosened recently: the 1-year correlation (0.48) runs below the 3-year figure (0.60). Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 1459.9 %².
Within NVT's tracked universe of 37 assets, STRL comes in at #19 by 3-year correlation. Their 12-month results are close: +71.9% for NVT against +75.0% for STRL. Note the risk asymmetry: STRL runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 STRL: side by side
| NVT (nVent Electric plc) | STRL (Sterling Infrastructure, Inc.) | |
|---|---|---|
| 1-year return | +71.9% | +75.0% |
| 5-year return | +382.4% | +2095.9% |
| Volatility (ann.) | 36.7% | 66.9% |
| Beta vs S&P 500 | 1.68 | 2.13 |
| Max drawdown (3Y) | -46.7% | -51.1% |
| Market cap | $25.2B | $15.5B |
| P/E (trailing) | 43.2 | 36.5 |
| Dividend yield | 0.53% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NVT | STRL |
|---|---|---|
| 2022 | +3.3% | +24.7% |
| 2023 | +56.0% | +168.1% |
| 2024 | +16.6% | +91.6% |
| 2025 | +51.3% | +81.8% |
| 2026 | +53.3% | +65.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVT and STRL good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between NVT and STRL?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.48 over the last year and 0.57 over 5 years.
Is STRL a good diversifier for NVT?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 mean?
On the −1 to +1 scale, 0.60 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-strl.json
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Related comparisons
Hubs: NVT correlations · STRL correlations
