CNP vs PEW: Correlation
Measured on weekly returns over the past three years, CenterPoint Energy (CNP) and GrabAGun Digital Holdings Inc. (PEW) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNP and PEW?
Over the past 3 years, CNP and PEW moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.31) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -184.3 %².
Among the 28 assets we track against CNP, PEW sits near the bottom by co-movement, at rank #26. Correlation aside, the last 12 months split them widely, with CNP ahead by 63.6 points (+6.5% versus -57.1%). Risk is not evenly split, since PEW carries 3.0 times the volatility of the other side.
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.
CNP vs PEW: side by side
| CNP (CenterPoint Energy) | PEW (GrabAGun Digital Holdings Inc.) | |
|---|---|---|
| 1-year return | +6.5% | -57.1% |
| 5-year return | +75.6% | n/a |
| Volatility (ann.) | 17.2% | 51.2% |
| Beta vs S&P 500 | 0.12 | 0.44 |
| Max drawdown (3Y) | -18.1% | -86.8% |
| Market cap | $25.9B | $0.1B |
| P/E (trailing) | 23.5 | – |
| Dividend yield | 2.27% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | CNP | PEW |
|---|---|---|
| 2022 | +10.0% | – |
| 2023 | -2.1% | – |
| 2024 | +14.3% | – |
| 2025 | +23.7% | -74.4% |
| 2026 | +4.2% | -21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNP and PEW good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between CNP and PEW?
As of 2026-08-27, the correlation of weekly returns between CNP and PEW is -0.21 over 3 years, -0.31 over 1 year and n/a over 5 years.
Is PEW a good diversifier for CNP?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cnp-vs-pew.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cnp-vs-pew/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CNP correlations · PEW correlations
