NVT vs STX: Correlation
nVent Electric plc (NVT) and Seagate Technology (STX) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVT and STX?
On 3 years of weekly data the NVT/STX correlation comes out at 0.65, strong. Recent behaviour matches the longer record: 0.69 over 1 year against 0.65 over 3. The 5-year figure is 0.56, and annualized covariance runs at 1213.6 %².
Among the 37 assets we track against NVT, STX ranks #13 by 3-year correlation. Correlation aside, the last 12 months split them widely, with STX ahead by 338.9 points (+71.9% versus +410.8%).
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 STX: side by side
| NVT (nVent Electric plc) | STX (Seagate Technology) | |
|---|---|---|
| 1-year return | +71.9% | +410.8% |
| 5-year return | +382.4% | +1032.5% |
| Volatility (ann.) | 36.7% | 51.3% |
| Beta vs S&P 500 | 1.68 | 1.97 |
| Max drawdown (3Y) | -46.7% | -40.0% |
| Market cap | $25.2B | $192.0B |
| P/E (trailing) | 43.2 | 61.0 |
| Dividend yield | 0.53% | 0.35% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | NVT | STX |
|---|---|---|
| 2022 | +3.3% | -51.4% |
| 2023 | +56.0% | +69.1% |
| 2024 | +16.6% | +4.1% |
| 2025 | +51.3% | +225.3% |
| 2026 | +53.3% | +208.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVT and STX good diversifiers for each other?
To a limited degree. At 0.65 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 STX?
As of 2026-08-27, the correlation of weekly returns between NVT and STX is 0.65 over 3 years, 0.69 over 1 year and 0.56 over 5 years.
Is STX a good diversifier for NVT?
To a limited degree. At 0.65 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 0.65 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/nvt-vs-stx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nvt-vs-stx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NVT correlations · STX correlations
