NVTS vs PAPL: Correlation
Measured on weekly returns over the past three years, Navitas Semiconductor Corporation (NVTS) and Pineapple Financial Inc. (PAPL) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVTS and PAPL?
Over the past 3 years, NVTS and PAPL moved with a correlation of 0.37, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.10 versus 0.37 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 8350.3 %².
By 3-year correlation, PAPL places #9 of the 22 assets tracked against NVTS. Correlation aside, the last 12 months split them widely, with NVTS ahead by 176.8 points (+106.1% versus -70.7%).
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.
NVTS vs PAPL: side by side
| NVTS (Navitas Semiconductor Corporation) | PAPL (Pineapple Financial Inc.) | |
|---|---|---|
| 1-year return | +106.1% | -70.7% |
| 5-year return | -2.3% | n/a |
| Volatility (ann.) | 122.7% | 181.2% |
| Beta vs S&P 500 | 2.11 | -0.73 |
| Max drawdown (3Y) | -81.8% | -99.4% |
| Market cap | $3.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NVTS | PAPL |
|---|---|---|
| 2022 | -79.4% | – |
| 2023 | +129.9% | – |
| 2024 | -55.8% | -74.7% |
| 2025 | +100.0% | -84.4% |
| 2026 | +75.2% | -25.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVTS and PAPL good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NVTS and PAPL?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.10 over the last year and n/a over 5 years.
Is PAPL a good diversifier for NVTS?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
A reading of 0.37 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/nvts-vs-papl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nvts-vs-papl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NVTS correlations · PAPL correlations
