ETR vs PCG: Correlation
Measured on weekly returns over the past three years, Entergy (ETR) and PG&E Corporation (PCG) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ETR and PCG?
Over the past 3 years, ETR and PCG moved with a correlation of 0.53, which is moderate. The relationship has been stable: the 1-year correlation (0.63) sits close to the 3-year figure. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 255.6 %².
By 3-year correlation, PCG places #21 of the 38 assets tracked against ETR. Their 12-month results are close: +21.9% for ETR against +20.3% for PCG. On a rolling one-year basis the correlation drifted between 0.35 and 0.73, 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.
ETR vs PCG: side by side
| ETR (Entergy) | PCG (PG&E Corporation) | |
|---|---|---|
| 1-year return | +21.9% | +20.3% |
| 5-year return | +132.0% | +102.7% |
| Volatility (ann.) | 19.7% | 24.7% |
| Beta vs S&P 500 | 0.22 | 0.24 |
| Max drawdown (3Y) | -10.6% | -39.6% |
| Market cap | $49.7B | $39.5B |
| P/E (trailing) | 27.2 | 12.9 |
| Dividend yield | 2.35% | 0.96% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | ETR | PCG |
|---|---|---|
| 2022 | +3.6% | +33.9% |
| 2023 | -6.1% | +10.9% |
| 2024 | +56.0% | +12.3% |
| 2025 | +25.3% | -19.7% |
| 2026 | +17.3% | +12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ETR and PCG good diversifiers for each other?
To a limited degree. At 0.53 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 ETR and PCG?
As of 2026-08-27, the correlation of weekly returns between ETR and PCG is 0.53 over 3 years, 0.63 over 1 year and 0.47 over 5 years.
Is PCG a good diversifier for ETR?
To a limited degree. At 0.53 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 0.53 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/etr-vs-pcg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/etr-vs-pcg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ETR correlations · PCG correlations
