NVT vs. SPY

Last updated Jun 3, 2026

NVT (nVent Electric plc) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 5 years, NVT returned 41.68%/yr vs 14.20%/yr for SPY. A 0.62 correlation means they provide meaningful diversification when combined.

Performance

NVT vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in nVent Electric plc (NVT) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NVT achieves a 70.61% return, which is significantly higher than SPY's 11.69% return.

NVT

• 1D: 1.07%
• 1M: 9.11%
• YTD: 70.61%
• 6M: 65.12%
• 1Y: 170.38%
• 3Y*: 57.16%
• 5Y*: 41.68%
• 10Y*: —

SPY

• 1D: 0.14%
• 1M: 5.40%
• YTD: 11.69%
• 6M: 12.09%
• 1Y: 29.62%
• 3Y*: 22.64%
• 5Y*: 14.20%
• 10Y*: 15.57%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NVT vs. SPY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
NVT nVent Electric plc	70.61%	51.27%	16.63%	55.98%	3.32%	67.15%	-5.68%	17.24%	0.18%
SPY State Street SPDR S&P 500 ETF	11.69%	17.72%	24.89%	26.18%	-18.18%	28.73%	18.33%	31.22%	-4.28%

Correlation

The correlation between NVT and SPY is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (All Time) Calculated using the full available price history since May 2, 2018	0.62

The correlation between NVT and SPY has been stable across timeframes, ranging from 0.60 to 0.65 - a consistent structural relationship.

Return for Risk

NVT vs. SPY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NVT

NVT Risk / Return Rank: 97
NVT Sharpe Ratio Rank: 98
NVT Sortino Ratio Rank: 96
NVT Omega Ratio Rank: 95
NVT Calmar Ratio Rank: 97
NVT Martin Ratio Rank: 98

SPY

SPY Risk / Return Rank: 75
SPY Sharpe Ratio Rank: 77
SPY Sortino Ratio Rank: 75
SPY Omega Ratio Rank: 76
SPY Calmar Ratio Rank: 68
SPY Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NVT vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for nVent Electric plc (NVT) and State Street SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	NVT	SPY	Difference
Sharpe ratio Return per unit of total volatility	4.27	2.52	+1.75
Sortino ratio Return per unit of downside risk	4.58	3.42	+1.17
Omega ratio Gain probability vs. loss probability	1.61	1.46	+0.15
Calmar ratio Return relative to maximum drawdown	9.78	3.42	+6.37
Martin ratio Return relative to average drawdown	34.39	15.93	+18.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NVT vs. SPY - Sharpe Ratio Comparison

The current NVT Sharpe Ratio is 4.27, which is higher than the SPY Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of NVT and SPY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NVT	SPY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.27	2.52	+1.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.17	0.84	+0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.59	+0.23

Drawdowns

NVT vs. SPY - Drawdown Comparison

The maximum NVT drawdown since its inception was -56.18%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NVT and SPY.

Drawdown Indicators

	NVT	SPY	Difference
Max Drawdown Largest peak-to-trough decline	-56.18%	-55.19%	-0.99%
Max Drawdown (1Y) Largest decline over 1 year	-16.93%	-8.88%	-8.05%
Max Drawdown (3Y) Largest decline over 3 years	-46.67%	-18.76%	-27.91%
Max Drawdown (5Y) Largest decline over 5 years	-46.67%	-24.50%	-22.17%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.72%	—
Current Drawdown Current decline from peak	-0.33%	0.00%	-0.33%
Average Drawdown Average peak-to-trough decline	-11.85%	-9.05%	-2.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.82%	1.91%	+2.91%

Volatility

NVT vs. SPY - Volatility Comparison

nVent Electric plc (NVT) has a higher volatility of 10.72% compared to State Street SPDR S&P 500 ETF (SPY) at 2.75%. This indicates that NVT's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVT	SPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.72%	2.75%	+7.97%
Volatility (6M) Calculated over the trailing 6-month period	31.29%	8.89%	+22.40%
Volatility (1Y) Calculated over the trailing 1-year period	40.23%	11.81%	+28.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.84%	17.05%	+18.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.35%	17.94%	+20.41%

Dividends

NVT vs. SPY - Dividend Comparison

NVT's dividend yield for the trailing twelve months is around 0.47%, less than SPY's 0.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NVT nVent Electric plc	0.47%	0.78%	1.12%	1.18%	1.82%	1.84%	3.01%	2.74%	1.56%	0.00%	0.00%	0.00%
SPY State Street SPDR S&P 500 ETF	0.97%	1.07%	1.21%	1.40%	1.65%	1.20%	1.52%	1.75%	2.04%	1.80%	2.03%	2.06%

Frequently Asked Questions

Can I hold both NVT and SPY in my portfolio?

NVT and SPY have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NVT or SPY?

NVT has higher volatility (10.72%) compared to SPY (2.75%). In terms of maximum drawdown, NVT dropped -56.18% vs SPY's -55.19%.

Which has better risk-adjusted returns?

NVT currently has the higher Sharpe Ratio (4.27 vs 2.52), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.