CPSS vs FE: Correlation
How closely do Consumer Portfolio Services, Inc. (CPSS) and FirstEnergy (FE) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPSS and FE?
Across a 3-year window, the weekly returns of CPSS and FE correlate at -0.23, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.41) runs below the 3-year figure (-0.23). Stretching to 5 years gives 0.07, with an annualized covariance of -145.4 %².
FE is close to the least connected end of CPSS's tracked universe, ranking #10 of 10. The trailing year gives CPSS the advantage: +14.9% versus +9.9%, a 5.0-point spread. Note the risk asymmetry: CPSS runs 2.0 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.
CPSS vs FE: side by side
| CPSS (Consumer Portfolio Services, Inc.) | FE (FirstEnergy) | |
|---|---|---|
| 1-year return | +14.9% | +9.9% |
| 5-year return | +65.6% | +46.7% |
| Volatility (ann.) | 35.9% | 17.6% |
| Beta vs S&P 500 | 0.28 | 0.04 |
| Max drawdown (3Y) | -41.5% | -14.7% |
| Market cap | $0.2B | $26.8B |
| P/E (trailing) | 10.3 | 25.0 |
| Dividend yield | 0.00% | 3.85% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | CPSS | FE |
|---|---|---|
| 2022 | -25.3% | +4.8% |
| 2023 | +5.9% | -8.9% |
| 2024 | +15.9% | +13.2% |
| 2025 | -14.1% | +17.3% |
| 2026 | +0.5% | +6.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPSS and FE good diversifiers for each other?
Yes. With a correlation of -0.23, CPSS and FE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CPSS and FE?
The CPSS/FE correlation stands at -0.23 on a 3-year window (1 year: -0.41, 5 years: 0.07), computed from weekly returns as of 2026-08-27.
Is FE a good diversifier for CPSS?
Yes. With a correlation of -0.23, CPSS and FE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
A reading of -0.23 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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Hubs: CPSS correlations · FE correlations
