NVT vs TSEM: Correlation
Measured on weekly returns over the past three years, nVent Electric plc (NVT) and Tower Semiconductor Ltd. (TSEM) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVT and TSEM?
Across a 3-year window, the weekly returns of NVT and TSEM correlate at 0.50, moderate. Recent behaviour matches the longer record: 0.46 over 1 year against 0.50 over 3. Stretching to 5 years gives 0.42, with an annualized covariance of 962.5 %².
Within NVT's tracked universe of 37 assets, TSEM comes in at #32 by 3-year correlation. The last year tells two different stories: TSEM led by 200.7 percentage points, +71.9% for NVT against +272.6% for TSEM.
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 TSEM: side by side
| NVT (nVent Electric plc) | TSEM (Tower Semiconductor Ltd.) | |
|---|---|---|
| 1-year return | +71.9% | +272.6% |
| 5-year return | +382.4% | +648.0% |
| Volatility (ann.) | 36.7% | 52.1% |
| Beta vs S&P 500 | 1.68 | 1.55 |
| Max drawdown (3Y) | -46.7% | -45.8% |
| Market cap | $25.2B | $24.8B |
| P/E (trailing) | 43.2 | 87.6 |
| Dividend yield | 0.53% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NVT | TSEM |
|---|---|---|
| 2022 | +3.3% | +8.9% |
| 2023 | +56.0% | -29.4% |
| 2024 | +16.6% | +68.8% |
| 2025 | +51.3% | +128.0% |
| 2026 | +53.3% | +87.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVT and TSEM good diversifiers for each other?
To a limited degree. At 0.50 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 TSEM?
As of 2026-08-27, the correlation of weekly returns between NVT and TSEM is 0.50 over 3 years, 0.46 over 1 year and 0.42 over 5 years.
Is TSEM a good diversifier for NVT?
To a limited degree. At 0.50 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 0.50 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-tsem.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nvt-vs-tsem/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NVT correlations · TSEM correlations
