AMZN vs WEC: Correlation
Amazon (AMZN) and WEC Energy Group (WEC) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMZN and WEC?
Across a 3-year window, the weekly returns of AMZN and WEC correlate at -0.26, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.43) runs below the 3-year figure (-0.26). Stretching to 5 years gives -0.05, with an annualized covariance of -136.8 %².
By 3-year correlation, WEC places #32 of the 38 assets tracked against AMZN. Over the last 12 months AMZN came out ahead by 9.7 percentage points (+11.8% against +2.1%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.44 to 0.21. Risk is not evenly split, since AMZN carries 1.8 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.
AMZN vs WEC: side by side
| AMZN (Amazon) | WEC (WEC Energy Group) | |
|---|---|---|
| 1-year return | +11.8% | +2.1% |
| 5-year return | +49.8% | +32.7% |
| Volatility (ann.) | 31.0% | 16.9% |
| Beta vs S&P 500 | 1.48 | 0.02 |
| Max drawdown (3Y) | -30.9% | -11.6% |
| Market cap | $2,764.1B | $34.6B |
| P/E (trailing) | 20.9 | 20.6 |
| Dividend yield | 0.00% | 3.43% |
| Sector / category | Consumer Discretionary | Utilities |
Year-by-year returns
| Year | AMZN | WEC |
|---|---|---|
| 2022 | -49.6% | -0.5% |
| 2023 | +80.9% | -7.0% |
| 2024 | +44.4% | +16.1% |
| 2025 | +5.2% | +16.0% |
| 2026 | +11.0% | +3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMZN and WEC good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between AMZN and WEC?
As of 2026-08-27, the correlation of weekly returns between AMZN and WEC is -0.26 over 3 years, -0.43 over 1 year and -0.05 over 5 years.
Is WEC a good diversifier for AMZN?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 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.
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Related comparisons
Hubs: AMZN correlations · WEC correlations
