EIX vs PEG: Correlation
Edison International (EIX) and Public Service Enterprise Group (PEG) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EIX and PEG?
Over the past 3 years, EIX and PEG moved with a correlation of 0.50, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.69 versus 0.50 over 3 years. Over 5 years the correlation is 0.61, and the annualized covariance of weekly returns is 245.5 %².
Within EIX's tracked universe of 30 assets, PEG comes in at #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with EIX ahead by 49.0 points (+40.4% versus -8.6%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.28 to 0.79.
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 PEG: side by side
| EIX (Edison International) | PEG (Public Service Enterprise Group) | |
|---|---|---|
| 1-year return | +40.4% | -8.6% |
| 5-year return | +62.2% | +34.9% |
| Volatility (ann.) | 26.0% | 18.9% |
| Beta vs S&P 500 | 0.24 | 0.25 |
| Max drawdown (3Y) | -43.9% | -18.8% |
| Market cap | $28.4B | $36.5B |
| P/E (trailing) | 7.7 | 18.4 |
| Dividend yield | 4.64% | 3.51% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | EIX | PEG |
|---|---|---|
| 2022 | -2.6% | -5.1% |
| 2023 | +17.4% | +3.6% |
| 2024 | +15.2% | +42.6% |
| 2025 | -20.4% | -1.9% |
| 2026 | +27.6% | -7.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EIX and PEG good diversifiers for each other?
Only partially. A correlation of 0.50 means EIX and PEG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between EIX and PEG?
The EIX/PEG correlation stands at 0.50 on a 3-year window (1 year: 0.69, 5 years: 0.61), computed from weekly returns as of 2026-08-27.
Is PEG a good diversifier for EIX?
Only partially. A correlation of 0.50 means EIX and PEG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
A reading of 0.50 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
$ curl https://www.pairbook.io/api/v1/pairs/eix-vs-peg.json
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Related comparisons
Hubs: EIX correlations · PEG correlations
