EIX vs PCG: Correlation
Measured on weekly returns over the past three years, Edison International (EIX) and PG&E Corporation (PCG) carry a correlation of 0.79, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EIX and PCG?
Across a 3-year window, the weekly returns of EIX and PCG correlate at 0.79, strong. The relationship has been stable: the 1-year correlation (0.75) sits close to the 3-year figure. Stretching to 5 years gives 0.66, with an annualized covariance of 507.0 %².
Few assets follow EIX as closely as PCG, which ranks #1 of 30 tracked partners. Their recent paths diverged sharply: over the last 12 months EIX outperformed by 20.1 percentage points (+40.4% for EIX against +20.3% for PCG). On a rolling one-year basis the correlation drifted between 0.52 and 0.86, a moderate band.
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 PCG: side by side
| EIX (Edison International) | PCG (PG&E Corporation) | |
|---|---|---|
| 1-year return | +40.4% | +20.3% |
| 5-year return | +62.2% | +102.7% |
| Volatility (ann.) | 26.0% | 24.7% |
| Beta vs S&P 500 | 0.24 | 0.24 |
| Max drawdown (3Y) | -43.9% | -39.6% |
| Market cap | $28.4B | $39.5B |
| P/E (trailing) | 7.7 | 12.9 |
| Dividend yield | 4.64% | 0.96% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | EIX | PCG |
|---|---|---|
| 2022 | -2.6% | +33.9% |
| 2023 | +17.4% | +10.9% |
| 2024 | +15.2% | +12.3% |
| 2025 | -20.4% | -19.7% |
| 2026 | +27.6% | +12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EIX and PCG good diversifiers for each other?
To a limited degree. At 0.79 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between EIX and PCG?
Using weekly returns as of 2026-08-27: 0.79 over 3 years, with 0.75 over the last year and 0.66 over 5 years.
Is PCG a good diversifier for EIX?
To a limited degree. At 0.79 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.79 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-pcg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eix-vs-pcg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EIX correlations · PCG correlations
