CEG vs VST: Correlation
Constellation Energy (CEG) and Vistra Corp. (VST) show a strong relationship: their 3-year correlation of weekly returns is 0.75.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CEG and VST?
Across a 3-year window, the weekly returns of CEG and VST correlate at 0.75, strong. Little has changed lately, as the 1-year reading of 0.70 lands near the 3-year figure. Stretching to 5 years gives 0.68, with an annualized covariance of 2057.7 %².
In CEG's tracked universe of 32 assets, VST sits right near the top at #1. The last year tells two different stories: CEG led by 17.7 percentage points, -10.1% for CEG against -27.8% for VST. This link changes with the market regime, having swung between 0.15 and 0.82 on a rolling one-year basis.
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 VST: side by side
| CEG (Constellation Energy) | VST (Vistra Corp.) | |
|---|---|---|
| 1-year return | -10.1% | -27.8% |
| 5-year return | +598.5% | +713.7% |
| Volatility (ann.) | 52.1% | 52.8% |
| Beta vs S&P 500 | 1.42 | 1.62 |
| Max drawdown (3Y) | -50.7% | -48.8% |
| Market cap | $100.1B | $46.9B |
| P/E (trailing) | 27.3 | 23.6 |
| Dividend yield | 0.58% | 0.65% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | CEG | VST |
|---|---|---|
| 2022 | – | +5.1% |
| 2023 | +37.2% | +70.7% |
| 2024 | +92.7% | +261.5% |
| 2025 | +58.8% | +17.7% |
| 2026 | -19.7% | -13.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CEG and VST good diversifiers for each other?
Only partially. A correlation of 0.75 means CEG and VST share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CEG and VST?
As of 2026-08-27, the correlation of weekly returns between CEG and VST is 0.75 over 3 years, 0.70 over 1 year and 0.68 over 5 years.
Is VST a good diversifier for CEG?
Only partially. A correlation of 0.75 means CEG and VST share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.75 mean?
A reading of 0.75 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 · VST correlations
