NVTS vs PGR: Correlation
How closely do Navitas Semiconductor Corporation (NVTS) and Progressive Corporation (PGR) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVTS and PGR?
Over the past 3 years, NVTS and PGR moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.23 lands near the 3-year figure. Over 5 years the correlation is -0.10, and the annualized covariance of weekly returns is -640.5 %².
PGR is close to the least connected end of NVTS's tracked universe, ranking #19 of 22. The last year tells two different stories: NVTS led by 111.4 percentage points, +106.1% for NVTS against -5.3% for PGR. Risk is not evenly split, since NVTS carries 5.2 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.
NVTS vs PGR: side by side
| NVTS (Navitas Semiconductor Corporation) | PGR (Progressive Corporation) | |
|---|---|---|
| 1-year return | +106.1% | -5.3% |
| 5-year return | -2.3% | +153.0% |
| Volatility (ann.) | 122.7% | 23.6% |
| Beta vs S&P 500 | 2.11 | 0.32 |
| Max drawdown (3Y) | -81.8% | -30.4% |
| Market cap | $3.3B | $126.5B |
| P/E (trailing) | – | 10.9 |
| Dividend yield | 0.00% | 0.18% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | NVTS | PGR |
|---|---|---|
| 2022 | -79.4% | +26.8% |
| 2023 | +129.9% | +23.2% |
| 2024 | -55.8% | +51.4% |
| 2025 | +100.0% | -3.0% |
| 2026 | +75.2% | +1.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVTS and PGR good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between NVTS and PGR?
The NVTS/PGR correlation stands at -0.22 on a 3-year window (1 year: -0.23, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is PGR a good diversifier for NVTS?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 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/nvts-vs-pgr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nvts-vs-pgr/)
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Related comparisons
Hubs: NVTS correlations · PGR correlations
