CCC vs NEE: Correlation
How closely do CCC Intelligent Solutions Holdings Inc. (CCC) and NextEra Energy (NEE) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCC and NEE?
Over the past 3 years, CCC and NEE moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.36) than the 3-year average (-0.21). Over 5 years the correlation is -0.00, and the annualized covariance of weekly returns is -219.3 %².
Among the 21 assets we track against CCC, NEE sits near the bottom by co-movement, at rank #18. The last year tells two different stories: NEE led by 38.9 percentage points, -22.7% for CCC against +16.2% for NEE.
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.
CCC vs NEE: side by side
| CCC (CCC Intelligent Solutions Holdings Inc.) | NEE (NextEra Energy) | |
|---|---|---|
| 1-year return | -22.7% | +16.2% |
| 5-year return | -30.0% | +12.9% |
| Volatility (ann.) | 39.5% | 26.5% |
| Beta vs S&P 500 | 0.83 | 0.28 |
| Max drawdown (3Y) | -68.4% | -28.8% |
| Market cap | $4.5B | $174.1B |
| P/E (trailing) | 108.6 | 18.9 |
| Dividend yield | 0.00% | 2.82% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | CCC | NEE |
|---|---|---|
| 2022 | -23.6% | -8.5% |
| 2023 | +30.9% | -25.3% |
| 2024 | +3.0% | +21.5% |
| 2025 | -32.2% | +15.5% |
| 2026 | -4.4% | +5.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCC and NEE good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CCC and NEE?
As of 2026-08-27, the correlation of weekly returns between CCC and NEE is -0.21 over 3 years, -0.36 over 1 year and -0.00 over 5 years.
Is NEE a good diversifier for CCC?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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: CCC correlations · NEE correlations
