NVT vs WCC: Correlation
Measured on weekly returns over the past three years, nVent Electric plc (NVT) and WESCO International, Inc. (WCC) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVT and WCC?
Across a 3-year window, the weekly returns of NVT and WCC correlate at 0.65, strong. The relationship has been stable: the 1-year correlation (0.67) sits close to the 3-year figure. Stretching to 5 years gives 0.62, with an annualized covariance of 905.5 %².
By 3-year correlation, WCC places #15 of the 37 assets tracked against NVT. Their recent paths diverged sharply: over the last 12 months NVT outperformed by 16.5 percentage points (+71.9% for NVT against +55.4% for WCC).
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 WCC: side by side
| NVT (nVent Electric plc) | WCC (WESCO International, Inc.) | |
|---|---|---|
| 1-year return | +71.9% | +55.4% |
| 5-year return | +382.4% | +203.7% |
| Volatility (ann.) | 36.7% | 38.3% |
| Beta vs S&P 500 | 1.68 | 1.59 |
| Max drawdown (3Y) | -46.7% | -37.4% |
| Market cap | $25.2B | $17.1B |
| P/E (trailing) | 43.2 | 24.0 |
| Dividend yield | 0.53% | 0.55% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NVT | WCC |
|---|---|---|
| 2022 | +3.3% | -4.9% |
| 2023 | +56.0% | +40.2% |
| 2024 | +16.6% | +5.1% |
| 2025 | +51.3% | +36.4% |
| 2026 | +53.3% | +43.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVT and WCC 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 WCC?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.67 over the last year and 0.62 over 5 years.
Is WCC 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?
On the −1 to +1 scale, 0.65 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nvt-vs-wcc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nvt-vs-wcc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NVT correlations · WCC correlations
