FE vs PCG: Correlation
How closely do FirstEnergy (FE) and PG&E Corporation (PCG) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FE and PCG?
Across a 3-year window, the weekly returns of FE and PCG correlate at 0.52, moderate. Little has changed lately, as the 1-year reading of 0.57 lands near the 3-year figure. Stretching to 5 years gives 0.41, with an annualized covariance of 226.7 %².
Within FE's tracked universe of 32 assets, PCG comes in at #19 by 3-year correlation. Over the last 12 months PCG came out ahead by 10.4 percentage points (+9.9% against +20.3%). Across three years, the rolling one-year figure varied moderately, from 0.28 to 0.73.
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 PCG: side by side
| FE (FirstEnergy) | PCG (PG&E Corporation) | |
|---|---|---|
| 1-year return | +9.9% | +20.3% |
| 5-year return | +46.7% | +102.7% |
| Volatility (ann.) | 17.6% | 24.7% |
| Beta vs S&P 500 | 0.04 | 0.24 |
| Max drawdown (3Y) | -14.7% | -39.6% |
| Market cap | $26.8B | $39.5B |
| P/E (trailing) | 25.0 | 12.9 |
| Dividend yield | 3.85% | 0.96% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | FE | PCG |
|---|---|---|
| 2022 | +4.8% | +33.9% |
| 2023 | -8.9% | +10.9% |
| 2024 | +13.2% | +12.3% |
| 2025 | +17.3% | -19.7% |
| 2026 | +6.4% | +12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FE and PCG good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FE and PCG?
The FE/PCG correlation stands at 0.52 on a 3-year window (1 year: 0.57, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is PCG a good diversifier for FE?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
A reading of 0.52 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fe-vs-pcg.json
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[](https://www.pairbook.io/pair/fe-vs-pcg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FE correlations · PCG correlations
