NVT vs VRT: Correlation
How closely do nVent Electric plc (NVT) and Vertiv (VRT) trade together? Their weekly returns over three years give a correlation of 0.74, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVT and VRT?
On 3 years of weekly data the NVT/VRT correlation comes out at 0.74, strong. The link has loosened recently: the 1-year correlation (0.59) runs below the 3-year figure (0.74). The 5-year figure is 0.62, and annualized covariance runs at 1550.7 %².
VRT is one of the assets that tracks NVT most closely: it ranks #3 out of the 37 assets we track against NVT. The last year tells two different stories: VRT led by 36.6 percentage points, +71.9% for NVT against +108.5% for VRT. Risk is not evenly split, since VRT carries 1.6 times the volatility of the other side.
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 VRT: side by side
| NVT (nVent Electric plc) | VRT (Vertiv) | |
|---|---|---|
| 1-year return | +71.9% | +108.5% |
| 5-year return | +382.4% | +847.7% |
| Volatility (ann.) | 36.7% | 57.1% |
| Beta vs S&P 500 | 1.68 | 2.36 |
| Max drawdown (3Y) | -46.7% | -61.3% |
| Market cap | $25.2B | $103.7B |
| P/E (trailing) | 43.2 | 59.6 |
| Dividend yield | 0.53% | 0.07% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | NVT | VRT |
|---|---|---|
| 2022 | +3.3% | -45.3% |
| 2023 | +56.0% | +251.8% |
| 2024 | +16.6% | +136.8% |
| 2025 | +51.3% | +42.8% |
| 2026 | +53.3% | +66.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVT and VRT good diversifiers for each other?
Only partially. A correlation of 0.74 means NVT and VRT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between NVT and VRT?
As of 2026-08-27, the correlation of weekly returns between NVT and VRT is 0.74 over 3 years, 0.59 over 1 year and 0.62 over 5 years.
Is VRT a good diversifier for NVT?
Only partially. A correlation of 0.74 means NVT and VRT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.74 mean?
A reading of 0.74 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nvt-vs-vrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nvt-vs-vrt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NVT correlations · VRT correlations
