FUBO vs PCG: Correlation
Measured on weekly returns over the past three years, FuboTV Inc. (FUBO) and PG&E Corporation (PCG) carry a correlation of -0.30, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FUBO and PCG?
Over the past 3 years, FUBO and PCG moved with a correlation of -0.30, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.10 versus -0.30 over 3 years. Over 5 years the correlation is -0.15, and the annualized covariance of weekly returns is -1215.6 %².
By 3-year correlation, PCG places #23 of the 28 assets tracked against FUBO. The last year tells two different stories: PCG led by 95.6 percentage points, -75.3% for FUBO against +20.3% for PCG. Risk is not evenly split, since FUBO carries 6.7 times the volatility of the other side.
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.
FUBO vs PCG: side by side
| FUBO (FuboTV Inc.) | PCG (PG&E Corporation) | |
|---|---|---|
| 1-year return | -75.3% | +20.3% |
| 5-year return | -96.9% | +102.7% |
| Volatility (ann.) | 164.3% | 24.7% |
| Beta vs S&P 500 | 0.34 | 0.24 |
| Max drawdown (3Y) | -87.7% | -39.6% |
| Market cap | $0.3B | $39.5B |
| P/E (trailing) | 2.7 | 12.9 |
| Dividend yield | 0.00% | 0.96% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | FUBO | PCG |
|---|---|---|
| 2022 | -88.8% | +33.9% |
| 2023 | +82.8% | +10.9% |
| 2024 | -60.4% | +12.3% |
| 2025 | +100.0% | -19.7% |
| 2026 | -66.6% | +12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FUBO and PCG good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FUBO and PCG?
The FUBO/PCG correlation stands at -0.30 on a 3-year window (1 year: -0.10, 5 years: -0.15), computed from weekly returns as of 2026-08-27.
Is PCG a good diversifier for FUBO?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 mean?
A reading of -0.30 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
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Related comparisons
Hubs: FUBO correlations · PCG correlations
