NVT vs VST: Correlation
Measured on weekly returns over the past three years, nVent Electric plc (NVT) and Vistra Corp. (VST) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVT and VST?
On 3 years of weekly data the NVT/VST correlation comes out at 0.56, moderate. The past 12 months show a weaker link (0.21) than the 3-year average (0.56). The 5-year figure is 0.50, and annualized covariance runs at 1091.6 %².
Within NVT's tracked universe of 37 assets, VST comes in at #23 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NVT outperformed by 99.7 percentage points (+71.9% for NVT against -27.8% for VST).
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 VST: side by side
| NVT (nVent Electric plc) | VST (Vistra Corp.) | |
|---|---|---|
| 1-year return | +71.9% | -27.8% |
| 5-year return | +382.4% | +713.7% |
| Volatility (ann.) | 36.7% | 52.8% |
| Beta vs S&P 500 | 1.68 | 1.62 |
| Max drawdown (3Y) | -46.7% | -48.8% |
| Market cap | $25.2B | $46.9B |
| P/E (trailing) | 43.2 | 23.6 |
| Dividend yield | 0.53% | 0.65% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | NVT | VST |
|---|---|---|
| 2022 | +3.3% | +5.1% |
| 2023 | +56.0% | +70.7% |
| 2024 | +16.6% | +261.5% |
| 2025 | +51.3% | +17.7% |
| 2026 | +53.3% | -13.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVT and VST good diversifiers for each other?
Only partially. A correlation of 0.56 means NVT and VST 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 VST?
As of 2026-08-27, the correlation of weekly returns between NVT and VST is 0.56 over 3 years, 0.21 over 1 year and 0.50 over 5 years.
Is VST a good diversifier for NVT?
Only partially. A correlation of 0.56 means NVT and VST share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 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.
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Related comparisons
Hubs: NVT correlations · VST correlations
