EIX vs SRE: Correlation
How closely do Edison International (EIX) and Sempra (SRE) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EIX and SRE?
On 3 years of weekly data the EIX/SRE correlation comes out at 0.53, moderate. The past 12 months show a tighter link (0.65) than the 3-year average (0.53). The 5-year figure is 0.62, and annualized covariance runs at 330.1 %².
Among the 30 assets we track against EIX, SRE ranks #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EIX outperformed by 34.4 percentage points (+40.4% for EIX against +6.0% for SRE). The relationship is regime-dependent: the rolling one-year correlation swung between 0.18 and 0.86 over the past three years, so this pair behaves very differently depending on the market environment.
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 SRE: side by side
| EIX (Edison International) | SRE (Sempra) | |
|---|---|---|
| 1-year return | +40.4% | +6.0% |
| 5-year return | +62.2% | +50.4% |
| Volatility (ann.) | 26.0% | 23.9% |
| Beta vs S&P 500 | 0.24 | 0.38 |
| Max drawdown (3Y) | -43.9% | -31.6% |
| Market cap | $28.4B | $55.4B |
| P/E (trailing) | 7.7 | 24.7 |
| Dividend yield | 4.64% | 3.06% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | EIX | SRE |
|---|---|---|
| 2022 | -2.6% | +20.3% |
| 2023 | +17.4% | -0.1% |
| 2024 | +15.2% | +21.1% |
| 2025 | -20.4% | +3.9% |
| 2026 | +27.6% | -2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EIX and SRE good diversifiers for each other?
Only partially. A correlation of 0.53 means EIX and SRE 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 SRE?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.65 over the last year and 0.62 over 5 years.
Is SRE a good diversifier for EIX?
Only partially. A correlation of 0.53 means EIX and SRE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: EIX correlations · SRE correlations
