NWPX vs VIAV: Correlation
How closely do NWPX Infrastructure, Inc. (NWPX) and Viavi Solutions Inc. (VIAV) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NWPX and VIAV?
On 3 years of weekly data the NWPX/VIAV correlation comes out at 0.48, moderate. Recent behaviour matches the longer record: 0.39 over 1 year against 0.48 over 3. The 5-year figure is 0.41, and annualized covariance runs at 857.5 %².
Within NWPX's tracked universe of 12 assets, VIAV comes in at #7 by 3-year correlation. The last year tells two different stories: VIAV led by 131.1 percentage points, +114.1% for NWPX against +245.2% for VIAV.
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.
NWPX vs VIAV: side by side
| NWPX (NWPX Infrastructure, Inc.) | VIAV (Viavi Solutions Inc.) | |
|---|---|---|
| 1-year return | +114.1% | +245.2% |
| 5-year return | +340.7% | +132.5% |
| Volatility (ann.) | 37.8% | 47.3% |
| Beta vs S&P 500 | 0.95 | 1.14 |
| Max drawdown (3Y) | -35.4% | -41.7% |
| Market cap | $1.1B | $9.5B |
| P/E (trailing) | 23.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NWPX | VIAV |
|---|---|---|
| 2022 | +6.0% | -40.4% |
| 2023 | -10.2% | -4.2% |
| 2024 | +59.5% | +0.3% |
| 2025 | +29.5% | +76.4% |
| 2026 | +82.9% | +115.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NWPX and VIAV good diversifiers for each other?
Reasonably. At 0.48, NWPX and VIAV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between NWPX and VIAV?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.39 over the last year and 0.41 over 5 years.
Is VIAV a good diversifier for NWPX?
Reasonably. At 0.48, NWPX and VIAV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 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/nwpx-vs-viav.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nwpx-vs-viav/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NWPX correlations · VIAV correlations
