CEG vs GEV: Correlation
How closely do Constellation Energy (CEG) and GE Vernova (GEV) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CEG and GEV?
Across a 3-year window, the weekly returns of CEG and GEV correlate at 0.49, moderate. The link has loosened recently: the 1-year correlation (0.20) runs below the 3-year figure (0.49). Stretching to 5 years gives n/a, with an annualized covariance of 1223.5 %².
By 3-year correlation, GEV places #9 of the 32 assets tracked against CEG. The last year tells two different stories: GEV led by 63.7 percentage points, -10.1% for CEG against +53.6% for GEV. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.19 to 0.72.
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 GEV: side by side
| CEG (Constellation Energy) | GEV (GE Vernova) | |
|---|---|---|
| 1-year return | -10.1% | +53.6% |
| 5-year return | +598.5% | n/a |
| Volatility (ann.) | 52.1% | 45.8% |
| Beta vs S&P 500 | 1.42 | 1.42 |
| Max drawdown (3Y) | -50.7% | -38.3% |
| Market cap | $100.1B | $254.0B |
| P/E (trailing) | 27.3 | 27.3 |
| Dividend yield | 0.58% | 0.18% |
| Sector / category | Utilities | Industrials |
Year-by-year returns
| Year | CEG | GEV |
|---|---|---|
| 2023 | +37.2% | – |
| 2024 | +92.7% | – |
| 2025 | +58.8% | +99.0% |
| 2026 | -19.7% | +46.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CEG and GEV good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CEG and GEV?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.20 over the last year and n/a over 5 years.
Is GEV a good diversifier for CEG?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
A reading of 0.49 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/ceg-vs-gev.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ceg-vs-gev/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CEG correlations · GEV correlations
