GEV vs PWR: Correlation
Measured on weekly returns over the past three years, GE Vernova (GEV) and Quanta Services (PWR) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEV and PWR?
Across a 3-year window, the weekly returns of GEV and PWR correlate at 0.53, moderate. The link has loosened recently: the 1-year correlation (0.25) runs below the 3-year figure (0.53). Stretching to 5 years gives n/a, with an annualized covariance of 840.8 %².
Within GEV's tracked universe of 33 assets, PWR comes in at #13 by 3-year correlation. The trailing year gives PWR the advantage: +53.6% versus +63.1%, a 9.5-point spread. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.19 to 0.76.
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.
GEV vs PWR: side by side
| GEV (GE Vernova) | PWR (Quanta Services) | |
|---|---|---|
| 1-year return | +53.6% | +63.1% |
| 5-year return | n/a | +506.1% |
| Volatility (ann.) | 45.8% | 33.9% |
| Beta vs S&P 500 | 1.42 | 1.29 |
| Max drawdown (3Y) | -38.3% | -33.9% |
| Market cap | $254.0B | $93.5B |
| P/E (trailing) | 27.3 | 70.4 |
| Dividend yield | 0.18% | 0.07% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | GEV | PWR |
|---|---|---|
| 2022 | – | +24.6% |
| 2023 | – | +51.7% |
| 2024 | – | +46.6% |
| 2025 | +99.0% | +33.7% |
| 2026 | +46.2% | +47.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEV and PWR good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GEV and PWR?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.25 over the last year and n/a over 5 years.
Is PWR a good diversifier for GEV?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
A reading of 0.53 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/gev-vs-pwr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gev-vs-pwr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GEV correlations · PWR correlations
