ETN vs VST: Correlation
How closely do Eaton Corporation (ETN) and Vistra Corp. (VST) trade together? Their weekly returns over three years give a correlation of 0.64, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ETN and VST?
Across a 3-year window, the weekly returns of ETN and VST correlate at 0.64, strong. Lately the two have drifted apart, with the 1-year correlation at 0.39 versus 0.64 over 3 years. Stretching to 5 years gives 0.57, with an annualized covariance of 1016.3 %².
Among the 44 assets we track against ETN, VST ranks #17 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ETN ahead by 47.5 points (+19.7% versus -27.8%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.13 to 0.81. One caveat on sizing: VST is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ETN vs VST: side by side
| ETN (Eaton Corporation) | VST (Vistra Corp.) | |
|---|---|---|
| 1-year return | +19.7% | -27.8% |
| 5-year return | +164.1% | +713.7% |
| Volatility (ann.) | 30.2% | 52.8% |
| Beta vs S&P 500 | 1.33 | 1.62 |
| Max drawdown (3Y) | -34.5% | -48.8% |
| Market cap | $161.6B | $46.9B |
| P/E (trailing) | 42.4 | 23.6 |
| Dividend yield | 1.02% | 0.65% |
| Sector / category | Industrials | Utilities |
Year-by-year returns
| Year | ETN | VST |
|---|---|---|
| 2022 | -7.2% | +5.1% |
| 2023 | +56.2% | +70.7% |
| 2024 | +39.5% | +261.5% |
| 2025 | -2.8% | +17.7% |
| 2026 | +31.7% | -13.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ETN and VST good diversifiers for each other?
To a limited degree. At 0.64 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 ETN and VST?
The ETN/VST correlation stands at 0.64 on a 3-year window (1 year: 0.39, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is VST a good diversifier for ETN?
To a limited degree. At 0.64 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 0.64 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/etn-vs-vst.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/etn-vs-vst/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ETN correlations · VST correlations
