ETR vs PEG: Correlation
Entergy (ETR) and Public Service Enterprise Group (PEG) show a strong relationship: their 3-year correlation of weekly returns is 0.64.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ETR and PEG?
Over the past 3 years, ETR and PEG moved with a correlation of 0.64, which is strong. Recent behaviour matches the longer record: 0.73 over 1 year against 0.64 over 3. Over 5 years the correlation is 0.71, and the annualized covariance of weekly returns is 240.2 %².
By 3-year correlation, PEG places #17 of the 38 assets tracked against ETR. Correlation aside, the last 12 months split them widely, with ETR ahead by 30.5 points (+21.9% versus -8.6%). Across three years, the rolling one-year figure varied moderately, from 0.45 to 0.82.
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 PEG: side by side
| ETR (Entergy) | PEG (Public Service Enterprise Group) | |
|---|---|---|
| 1-year return | +21.9% | -8.6% |
| 5-year return | +132.0% | +34.9% |
| Volatility (ann.) | 19.7% | 18.9% |
| Beta vs S&P 500 | 0.22 | 0.25 |
| Max drawdown (3Y) | -10.6% | -18.8% |
| Market cap | $49.7B | $36.5B |
| P/E (trailing) | 27.2 | 18.4 |
| Dividend yield | 2.35% | 3.51% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | ETR | PEG |
|---|---|---|
| 2022 | +3.6% | -5.1% |
| 2023 | -6.1% | +3.6% |
| 2024 | +56.0% | +42.6% |
| 2025 | +25.3% | -1.9% |
| 2026 | +17.3% | -7.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ETR and PEG good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ETR and PEG?
As of 2026-08-27, the correlation of weekly returns between ETR and PEG is 0.64 over 3 years, 0.73 over 1 year and 0.71 over 5 years.
Is PEG a good diversifier for ETR?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
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/etr-vs-peg.json
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ETR correlations · PEG correlations
