NVTS vs POWI: Correlation
How closely do Navitas Semiconductor Corporation (NVTS) and Power Integrations, Inc. (POWI) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVTS and POWI?
Across a 3-year window, the weekly returns of NVTS and POWI correlate at 0.43, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.66 versus 0.43 over 3 years. Stretching to 5 years gives 0.48, with an annualized covariance of 2469.2 %².
In NVTS's tracked universe of 22 assets, POWI sits right near the top at #3. Correlation aside, the last 12 months split them widely, with NVTS ahead by 85.6 points (+106.1% versus +20.5%). Note the risk asymmetry: NVTS runs 2.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 POWI: side by side
| NVTS (Navitas Semiconductor Corporation) | POWI (Power Integrations, Inc.) | |
|---|---|---|
| 1-year return | +106.1% | +20.5% |
| 5-year return | -2.3% | -46.7% |
| Volatility (ann.) | 122.7% | 46.5% |
| Beta vs S&P 500 | 2.11 | 1.59 |
| Max drawdown (3Y) | -81.8% | -63.6% |
| Market cap | $3.3B | $3.1B |
| P/E (trailing) | – | 125.7 |
| Dividend yield | 0.00% | 1.55% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NVTS | POWI |
|---|---|---|
| 2022 | -79.4% | -22.1% |
| 2023 | +129.9% | +15.6% |
| 2024 | -55.8% | -24.0% |
| 2025 | +100.0% | -41.3% |
| 2026 | +75.2% | +56.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVTS and POWI good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NVTS and POWI?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.66 over the last year and 0.48 over 5 years.
Is POWI a good diversifier for NVTS?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 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-powi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nvts-vs-powi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NVTS correlations · POWI correlations
