FE vs POR: Correlation
FirstEnergy (FE) and Portland General Electric Co (POR) show a strong relationship: their 3-year correlation of weekly returns is 0.70.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FE and POR?
Over the past 3 years, FE and POR moved with a correlation of 0.70, which is strong. Little has changed lately, as the 1-year reading of 0.77 lands near the 3-year figure. Over 5 years the correlation is 0.71, and the annualized covariance of weekly returns is 225.9 %².
By 3-year correlation, POR places #9 of the 32 assets tracked against FE. The trailing year gives POR the advantage: +9.9% versus +21.0%, a 11.1-point spread.
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 POR: side by side
| FE (FirstEnergy) | POR (Portland General Electric Co) | |
|---|---|---|
| 1-year return | +9.9% | +21.0% |
| 5-year return | +46.7% | +20.7% |
| Volatility (ann.) | 17.6% | 18.5% |
| Beta vs S&P 500 | 0.04 | 0.10 |
| Max drawdown (3Y) | -14.7% | -16.3% |
| Market cap | $26.8B | $5.9B |
| P/E (trailing) | 25.0 | 22.2 |
| Dividend yield | 3.85% | 4.24% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | FE | POR |
|---|---|---|
| 2022 | +4.8% | -4.0% |
| 2023 | -8.9% | -7.7% |
| 2024 | +13.2% | +5.3% |
| 2025 | +17.3% | +15.4% |
| 2026 | +6.4% | +6.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FE and POR good diversifiers for each other?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FE and POR?
Using weekly returns as of 2026-08-27: 0.70 over 3 years, with 0.77 over the last year and 0.71 over 5 years.
Is POR a good diversifier for FE?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.70 mean?
A reading of 0.70 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-por.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fe-vs-por/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FE correlations · POR correlations
