EIX vs MEGI: Correlation
Edison International (EIX) and NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EIX and MEGI?
Across a 3-year window, the weekly returns of EIX and MEGI correlate at 0.48, moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.48 over 3. Stretching to 5 years gives 0.54, with an annualized covariance of 241.5 %².
By 3-year correlation, MEGI places #14 of the 30 assets tracked against EIX. The last year tells two different stories: EIX led by 25.7 percentage points, +40.4% for EIX against +14.7% for MEGI.
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.
EIX vs MEGI: side by side
| EIX (Edison International) | MEGI (NYLI CBRE Global Infrastructure Megatrends Term Fund) | |
|---|---|---|
| 1-year return | +40.4% | +14.7% |
| 5-year return | +62.2% | +20.7% |
| Volatility (ann.) | 26.0% | 19.4% |
| Beta vs S&P 500 | 0.24 | 0.49 |
| Max drawdown (3Y) | -43.9% | -17.4% |
| Market cap | $28.4B | $0.8B |
| P/E (trailing) | 7.7 | 4.9 |
| Dividend yield | 4.64% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | EIX | MEGI |
|---|---|---|
| 2022 | -2.6% | -23.3% |
| 2023 | +17.4% | +5.5% |
| 2024 | +15.2% | +5.2% |
| 2025 | -20.4% | +26.2% |
| 2026 | +27.6% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EIX and MEGI good diversifiers for each other?
Reasonably. At 0.48, EIX and MEGI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EIX and MEGI?
The EIX/MEGI correlation stands at 0.48 on a 3-year window (1 year: 0.49, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is MEGI a good diversifier for EIX?
Reasonably. At 0.48, EIX and MEGI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 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/eix-vs-megi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/eix-vs-megi/)
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Related comparisons
Hubs: EIX correlations · MEGI correlations
