CEG vs DELL: Correlation
Constellation Energy (CEG) and Dell Technologies (DELL) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CEG and DELL?
On 3 years of weekly data the CEG/DELL correlation comes out at 0.49, moderate. The relationship has been stable: the 1-year correlation (0.42) sits close to the 3-year figure. The 5-year figure is 0.46, and annualized covariance runs at 1579.6 %².
By 3-year correlation, DELL places #8 of the 32 assets tracked against CEG. The last year tells two different stories: DELL led by 271.1 percentage points, -10.1% for CEG against +261.0% for DELL. Across three years, the rolling one-year figure varied moderately, from 0.23 to 0.70.
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.
CEG vs DELL: side by side
| CEG (Constellation Energy) | DELL (Dell Technologies) | |
|---|---|---|
| 1-year return | -10.1% | +261.0% |
| 5-year return | +598.5% | +945.0% |
| Volatility (ann.) | 52.1% | 61.3% |
| Beta vs S&P 500 | 1.42 | 2.02 |
| Max drawdown (3Y) | -50.7% | -59.6% |
| Market cap | $100.1B | $305.1B |
| P/E (trailing) | 27.3 | 36.9 |
| Dividend yield | 0.58% | 0.48% |
| Sector / category | Utilities | Information Technology |
Year-by-year returns
| Year | CEG | DELL |
|---|---|---|
| 2022 | – | -26.6% |
| 2023 | +37.2% | +95.9% |
| 2024 | +92.7% | +53.0% |
| 2025 | +58.8% | +11.2% |
| 2026 | -19.7% | +278.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CEG and DELL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CEG and DELL?
The CEG/DELL correlation stands at 0.49 on a 3-year window (1 year: 0.42, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is DELL a good diversifier for CEG?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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: CEG correlations · DELL correlations
