NVT vs TLN: Correlation
nVent Electric plc (NVT) and Talen Energy Corporation (TLN) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVT and TLN?
Over the past 3 years, NVT and TLN moved with a correlation of 0.56, which is moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 966.8 %².
Among the 37 assets we track against NVT, TLN ranks #22 by 3-year correlation. The last year tells two different stories: NVT led by 92.1 percentage points, +71.9% for NVT against -20.2% for TLN.
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 TLN: side by side
| NVT (nVent Electric plc) | TLN (Talen Energy Corporation) | |
|---|---|---|
| 1-year return | +71.9% | -20.2% |
| 5-year return | +382.4% | n/a |
| Volatility (ann.) | 36.7% | 47.4% |
| Beta vs S&P 500 | 1.68 | 1.39 |
| Max drawdown (3Y) | -46.7% | -33.8% |
| Market cap | $25.2B | $14.6B |
| P/E (trailing) | 43.2 | – |
| Dividend yield | 0.53% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NVT | TLN |
|---|---|---|
| 2022 | +3.3% | – |
| 2023 | +56.0% | – |
| 2024 | +16.6% | +214.8% |
| 2025 | +51.3% | +86.1% |
| 2026 | +53.3% | -18.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVT and TLN good diversifiers for each other?
To a limited degree. At 0.56 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 TLN?
The NVT/TLN correlation stands at 0.56 on a 3-year window (1 year: 0.48, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TLN a good diversifier for NVT?
To a limited degree. At 0.56 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 0.56 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-tln.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nvt-vs-tln/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NVT correlations · TLN correlations
