NXPI vs WTW: Correlation
NXP Semiconductors (NXPI) and Willis Towers Watson (WTW) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXPI and WTW?
On 3 years of weekly data the NXPI/WTW correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.42 versus -0.22 over 3 years. The 5-year figure is -0.02, and annualized covariance runs at -207.4 %².
Among the 35 assets we track against NXPI, WTW sits near the bottom by co-movement, at rank #31. The trailing year gives WTW the advantage: -3.3% versus +4.2%, a 7.5-point spread. The relationship is regime-dependent: the rolling one-year correlation swung between -0.40 and 0.35 over the past three years, so this pair behaves very differently depending on the market environment. Risk is not evenly split, since NXPI carries 1.7 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.
NXPI vs WTW: side by side
| NXPI (NXP Semiconductors) | WTW (Willis Towers Watson) | |
|---|---|---|
| 1-year return | -3.3% | +4.2% |
| 5-year return | +8.6% | +68.3% |
| Volatility (ann.) | 39.9% | 23.5% |
| Beta vs S&P 500 | 1.53 | 0.32 |
| Max drawdown (3Y) | -46.5% | -30.4% |
| Market cap | $57.0B | $31.5B |
| P/E (trailing) | 19.3 | 21.2 |
| Dividend yield | 1.82% | 0.55% |
| Sector / category | Information Technology | Financials |
Year-by-year returns
| Year | NXPI | WTW |
|---|---|---|
| 2022 | -29.2% | +4.5% |
| 2023 | +48.4% | +0.1% |
| 2024 | -8.0% | +31.5% |
| 2025 | +6.4% | +6.1% |
| 2026 | +4.9% | +4.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXPI and WTW good diversifiers for each other?
Yes. With a correlation of -0.22, NXPI and WTW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NXPI and WTW?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.42 over the last year and -0.02 over 5 years.
Is WTW a good diversifier for NXPI?
Yes. With a correlation of -0.22, NXPI and WTW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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/nxpi-vs-wtw.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nxpi-vs-wtw/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NXPI correlations · WTW correlations
