FE vs GTM: Correlation
FirstEnergy (FE) and ZoomInfo Technologies Inc. (GTM) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FE and GTM?
Over the past 3 years, FE and GTM moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.29) sits close to the 3-year figure. Over 5 years the correlation is -0.06, and the annualized covariance of weekly returns is -218.4 %².
Among the 32 assets we track against FE, GTM ranks #24 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months FE outperformed by 71.9 percentage points (+9.9% for FE against -62.0% for GTM). One caveat on sizing: GTM is 3.2 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.
FE vs GTM: side by side
| FE (FirstEnergy) | GTM (ZoomInfo Technologies Inc.) | |
|---|---|---|
| 1-year return | +9.9% | -62.0% |
| 5-year return | +46.7% | -93.6% |
| Volatility (ann.) | 17.6% | 55.9% |
| Beta vs S&P 500 | 0.04 | 1.57 |
| Max drawdown (3Y) | -14.7% | -86.2% |
| Market cap | $26.8B | $1.2B |
| P/E (trailing) | 25.0 | – |
| Dividend yield | 3.85% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | FE | GTM |
|---|---|---|
| 2022 | +4.8% | -53.1% |
| 2023 | -8.9% | -38.6% |
| 2024 | +13.2% | -43.2% |
| 2025 | +17.3% | -3.2% |
| 2026 | +6.4% | -59.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FE and GTM good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between FE and GTM?
As of 2026-08-27, the correlation of weekly returns between FE and GTM is -0.22 over 3 years, -0.29 over 1 year and -0.06 over 5 years.
Is GTM a good diversifier for FE?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: FE correlations · GTM correlations
