AEE vs PEG: Correlation
Measured on weekly returns over the past three years, Ameren (AEE) and Public Service Enterprise Group (PEG) carry a correlation of 0.66, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEE and PEG?
On 3 years of weekly data the AEE/PEG correlation comes out at 0.66, strong. The past 12 months show a tighter link (0.81) than the 3-year average (0.66). The 5-year figure is 0.74, and annualized covariance runs at 221.6 %².
By 3-year correlation, PEG places #19 of the 35 assets tracked against AEE. The last year tells two different stories: AEE led by 17.4 percentage points, +8.8% for AEE against -8.6% for PEG. The rolling one-year correlation moved between 0.46 and 0.82 over the past three years, a moderate range.
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.
AEE vs PEG: side by side
| AEE (Ameren) | PEG (Public Service Enterprise Group) | |
|---|---|---|
| 1-year return | +8.8% | -8.6% |
| 5-year return | +39.7% | +34.9% |
| Volatility (ann.) | 17.8% | 18.9% |
| Beta vs S&P 500 | 0.10 | 0.25 |
| Max drawdown (3Y) | -16.5% | -18.8% |
| Market cap | $29.6B | $36.5B |
| P/E (trailing) | 19.0 | 18.4 |
| Dividend yield | 2.71% | 3.51% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | AEE | PEG |
|---|---|---|
| 2022 | +2.5% | -5.1% |
| 2023 | -16.1% | +3.6% |
| 2024 | +27.5% | +42.6% |
| 2025 | +15.3% | -1.9% |
| 2026 | +8.4% | -7.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEE and PEG good diversifiers for each other?
Only partially. A correlation of 0.66 means AEE and PEG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AEE and PEG?
Using weekly returns as of 2026-08-27: 0.66 over 3 years, with 0.81 over the last year and 0.74 over 5 years.
Is PEG a good diversifier for AEE?
Only partially. A correlation of 0.66 means AEE and PEG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.66 mean?
On the −1 to +1 scale, 0.66 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aee-vs-peg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aee-vs-peg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AEE correlations · PEG correlations
