CMCT vs PCG: Correlation
Measured on weekly returns over the past three years, Creative Media (CMCT) and PG&E Corporation (PCG) carry a correlation of -0.35, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMCT and PCG?
On 3 years of weekly data the CMCT/PCG correlation comes out at -0.35, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.03 versus -0.35 over 3 years. The 5-year figure is -0.24, and annualized covariance runs at -2624.6 %².
Among the 25 assets we track against CMCT, PCG sits near the bottom by co-movement, at rank #22. The last year tells two different stories: PCG led by 119.7 percentage points, -99.4% for CMCT against +20.3% for PCG. Note the risk asymmetry: CMCT runs 12.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CMCT vs PCG: side by side
| CMCT (Creative Media) | PCG (PG&E Corporation) | |
|---|---|---|
| 1-year return | -99.4% | +20.3% |
| 5-year return | -100.0% | +102.7% |
| Volatility (ann.) | 305.8% | 24.7% |
| Beta vs S&P 500 | 1.22 | 0.24 |
| Max drawdown (3Y) | -100.0% | -39.6% |
| Market cap | – | $39.5B |
| P/E (trailing) | – | 12.9 |
| Dividend yield | 0.00% | 0.96% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | CMCT | PCG |
|---|---|---|
| 2022 | -29.7% | +33.9% |
| 2023 | -18.2% | +10.9% |
| 2024 | -93.3% | +12.3% |
| 2025 | -35.5% | -19.7% |
| 2026 | -98.9% | +12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMCT and PCG good diversifiers for each other?
Yes. With a correlation of -0.35, CMCT and PCG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CMCT and PCG?
Using weekly returns as of 2026-08-27: -0.35 over 3 years, with -0.03 over the last year and -0.24 over 5 years.
Is PCG a good diversifier for CMCT?
Yes. With a correlation of -0.35, CMCT and PCG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.35 mean?
A reading of -0.35 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
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Related comparisons
Hubs: CMCT correlations · PCG correlations
