CEG vs PEG: Correlation
How closely do Constellation Energy (CEG) and Public Service Enterprise Group (PEG) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CEG and PEG?
On 3 years of weekly data the CEG/PEG correlation comes out at 0.43, moderate. The relationship has been stable: the 1-year correlation (0.35) sits close to the 3-year figure. The 5-year figure is 0.43, and annualized covariance runs at 422.1 %².
Among the 32 assets we track against CEG, PEG ranks #16 by 3-year correlation. Twelve-month performance is nearly a tie, at -10.1% for CEG and -8.6% for PEG. The rolling one-year correlation moved between 0.22 and 0.58 over the past three years, a moderate range. One caveat on sizing: CEG is 2.8 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.
CEG vs PEG: side by side
| CEG (Constellation Energy) | PEG (Public Service Enterprise Group) | |
|---|---|---|
| 1-year return | -10.1% | -8.6% |
| 5-year return | +598.5% | +34.9% |
| Volatility (ann.) | 52.1% | 18.9% |
| Beta vs S&P 500 | 1.42 | 0.25 |
| Max drawdown (3Y) | -50.7% | -18.8% |
| Market cap | $100.1B | $36.5B |
| P/E (trailing) | 27.3 | 18.4 |
| Dividend yield | 0.58% | 3.51% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | CEG | PEG |
|---|---|---|
| 2022 | – | -5.1% |
| 2023 | +37.2% | +3.6% |
| 2024 | +92.7% | +42.6% |
| 2025 | +58.8% | -1.9% |
| 2026 | -19.7% | -7.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CEG and PEG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CEG and PEG?
As of 2026-08-27, the correlation of weekly returns between CEG and PEG is 0.43 over 3 years, 0.35 over 1 year and 0.43 over 5 years.
Is PEG a good diversifier for CEG?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 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-peg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ceg-vs-peg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CEG correlations · PEG correlations
