AEP vs META: Correlation
American Electric Power (AEP) and Meta Platforms (META) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEP and META?
On 3 years of weekly data the AEP/META correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.22 over 1 year against -0.18 over 3. The 5-year figure is -0.05, and annualized covariance runs at -123.2 %².
Among the 36 assets we track against AEP, META ranks #22 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AEP outperformed by 35.4 percentage points (+12.1% for AEP against -23.3% for META). Across three years, the rolling one-year figure varied moderately, from -0.29 to 0.00. One caveat on sizing: META is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AEP vs META: side by side
| AEP (American Electric Power) | META (Meta Platforms) | |
|---|---|---|
| 1-year return | +12.1% | -23.3% |
| 5-year return | +63.9% | +51.3% |
| Volatility (ann.) | 18.9% | 36.9% |
| Beta vs S&P 500 | -0.01 | 1.45 |
| Max drawdown (3Y) | -13.1% | -34.2% |
| Market cap | $66.8B | $1,454.9B |
| P/E (trailing) | 21.4 | 21.7 |
| Dividend yield | 3.06% | 0.36% |
| Sector / category | Utilities | Communication Services |
Year-by-year returns
| Year | AEP | META |
|---|---|---|
| 2022 | +10.4% | -64.2% |
| 2023 | -11.0% | +194.1% |
| 2024 | +18.2% | +66.0% |
| 2025 | +29.4% | +13.1% |
| 2026 | +8.9% | -13.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEP and META good diversifiers for each other?
Yes. With a correlation of -0.18, AEP and META have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AEP and META?
The AEP/META correlation stands at -0.18 on a 3-year window (1 year: -0.22, 5 years: -0.05), computed from weekly returns as of 2026-08-27.
Is META a good diversifier for AEP?
Yes. With a correlation of -0.18, AEP and META have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
A reading of -0.18 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aep-vs-meta.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aep-vs-meta/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AEP correlations · META correlations
