AGIG vs PCG: Correlation
Measured on weekly returns over the past three years, Abundia Global Impact Group Inc. (AGIG) and PG&E Corporation (PCG) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGIG and PCG?
Over the past 3 years, AGIG and PCG moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.07) than the 3-year average (-0.27). Over 5 years the correlation is -0.15, and the annualized covariance of weekly returns is -1035.1 %².
By 3-year correlation, PCG places #28 of the 34 assets tracked against AGIG. The last year tells two different stories: PCG led by 109.0 percentage points, -88.7% for AGIG against +20.3% for PCG. One caveat on sizing: AGIG is 6.4 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.
AGIG vs PCG: side by side
| AGIG (Abundia Global Impact Group Inc.) | PCG (PG&E Corporation) | |
|---|---|---|
| 1-year return | -88.7% | +20.3% |
| 5-year return | -94.6% | +102.7% |
| Volatility (ann.) | 157.1% | 24.7% |
| Beta vs S&P 500 | -0.21 | 0.24 |
| Max drawdown (3Y) | -96.7% | -39.6% |
| Market cap | – | $39.5B |
| P/E (trailing) | – | 12.9 |
| Dividend yield | 0.00% | 0.96% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | AGIG | PCG |
|---|---|---|
| 2022 | +140.6% | +33.9% |
| 2023 | -48.0% | +10.9% |
| 2024 | -27.9% | +12.3% |
| 2025 | -84.7% | -19.7% |
| 2026 | -51.0% | +12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGIG and PCG good diversifiers for each other?
Yes. With a correlation of -0.27, AGIG and PCG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AGIG and PCG?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with 0.07 over the last year and -0.15 over 5 years.
Is PCG a good diversifier for AGIG?
Yes. With a correlation of -0.27, AGIG and PCG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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.
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Related comparisons
Hubs: AGIG correlations · PCG correlations
