EXC vs FE: Correlation
How closely do Exelon (EXC) and FirstEnergy (FE) trade together? Their weekly returns over three years give a correlation of 0.70, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXC and FE?
Across a 3-year window, the weekly returns of EXC and FE correlate at 0.70, strong. Lately the two have moved closer together, with the 1-year correlation at 0.88 versus 0.70 over 3 years. Stretching to 5 years gives 0.75, with an annualized covariance of 237.8 %².
Within EXC's tracked universe of 41 assets, FE comes in at #14 by 3-year correlation. The trailing year gives FE the advantage: +1.7% versus +9.9%, a 8.2-point spread. Across three years, the rolling one-year figure varied moderately, from 0.43 to 0.87.
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.
EXC vs FE: side by side
| EXC (Exelon) | FE (FirstEnergy) | |
|---|---|---|
| 1-year return | +1.7% | +9.9% |
| 5-year return | +48.1% | +46.7% |
| Volatility (ann.) | 19.4% | 17.6% |
| Beta vs S&P 500 | -0.05 | 0.04 |
| Max drawdown (3Y) | -18.9% | -14.7% |
| Market cap | $45.3B | $26.8B |
| P/E (trailing) | 16.3 | 25.0 |
| Dividend yield | 3.69% | 3.85% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | EXC | FE |
|---|---|---|
| 2022 | +8.3% | +4.8% |
| 2023 | -14.0% | -8.9% |
| 2024 | +9.2% | +13.2% |
| 2025 | +20.0% | +17.3% |
| 2026 | +2.7% | +6.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXC and FE good diversifiers for each other?
To a limited degree. At 0.70 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 EXC and FE?
As of 2026-08-27, the correlation of weekly returns between EXC and FE is 0.70 over 3 years, 0.88 over 1 year and 0.75 over 5 years.
Is FE a good diversifier for EXC?
To a limited degree. At 0.70 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 0.70 mean?
On the −1 to +1 scale, 0.70 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.
Use this data
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Related comparisons
Hubs: EXC correlations · FE correlations
