FE vs SRE: Correlation
FirstEnergy (FE) and Sempra (SRE) show a strong relationship: their 3-year correlation of weekly returns is 0.71.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FE and SRE?
Across a 3-year window, the weekly returns of FE and SRE correlate at 0.71, strong. Recent behaviour matches the longer record: 0.72 over 1 year against 0.71 over 3. Stretching to 5 years gives 0.74, with an annualized covariance of 298.5 %².
Within FE's tracked universe of 32 assets, SRE comes in at #7 by 3-year correlation. Their 12-month results are close: +9.9% for FE against +6.0% for SRE. The rolling one-year correlation moved between 0.58 and 0.84 over the past three years, a moderate range.
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 SRE: side by side
| FE (FirstEnergy) | SRE (Sempra) | |
|---|---|---|
| 1-year return | +9.9% | +6.0% |
| 5-year return | +46.7% | +50.4% |
| Volatility (ann.) | 17.6% | 23.9% |
| Beta vs S&P 500 | 0.04 | 0.38 |
| Max drawdown (3Y) | -14.7% | -31.6% |
| Market cap | $26.8B | $55.4B |
| P/E (trailing) | 25.0 | 24.7 |
| Dividend yield | 3.85% | 3.06% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | FE | SRE |
|---|---|---|
| 2022 | +4.8% | +20.3% |
| 2023 | -8.9% | -0.1% |
| 2024 | +13.2% | +21.1% |
| 2025 | +17.3% | +3.9% |
| 2026 | +6.4% | -2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FE and SRE good diversifiers for each other?
Only partially. A correlation of 0.71 means FE and SRE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between FE and SRE?
The FE/SRE correlation stands at 0.71 on a 3-year window (1 year: 0.72, 5 years: 0.74), computed from weekly returns as of 2026-08-27.
Is SRE a good diversifier for FE?
Only partially. A correlation of 0.71 means FE and SRE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.71 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/fe-vs-sre.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fe-vs-sre/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FE correlations · SRE correlations
