CEG vs PGNY: Correlation
Constellation Energy (CEG) and Progyny, Inc. (PGNY) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CEG and PGNY?
Over the past 3 years, CEG and PGNY moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.20 over 1 year against -0.20 over 3. Over 5 years the correlation is -0.03, and the annualized covariance of weekly returns is -518.5 %².
Within CEG's tracked universe of 32 assets, PGNY comes in at #22 by 3-year correlation. The last year tells two different stories: PGNY led by 22.4 percentage points, -10.1% for CEG against +12.3% for PGNY.
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 PGNY: side by side
| CEG (Constellation Energy) | PGNY (Progyny, Inc.) | |
|---|---|---|
| 1-year return | -10.1% | +12.3% |
| 5-year return | +598.5% | -53.1% |
| Volatility (ann.) | 52.1% | 48.9% |
| Beta vs S&P 500 | 1.42 | 0.64 |
| Max drawdown (3Y) | -50.7% | -67.2% |
| Market cap | $100.1B | $2.0B |
| P/E (trailing) | 27.3 | 28.1 |
| Dividend yield | 0.58% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | CEG | PGNY |
|---|---|---|
| 2022 | – | -38.1% |
| 2023 | +37.2% | +19.4% |
| 2024 | +92.7% | -53.6% |
| 2025 | +58.8% | +48.9% |
| 2026 | -19.7% | +0.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CEG and PGNY good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between CEG and PGNY?
The CEG/PGNY correlation stands at -0.20 on a 3-year window (1 year: -0.20, 5 years: -0.03), computed from weekly returns as of 2026-08-27.
Is PGNY a good diversifier for CEG?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
A reading of -0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CEG correlations · PGNY correlations
