GEV vs TLN: Correlation
How closely do GE Vernova (GEV) and Talen Energy Corporation (TLN) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEV and TLN?
Over the past 3 years, GEV and TLN moved with a correlation of 0.54, which is moderate. The link has loosened recently: the 1-year correlation (0.32) runs below the 3-year figure (0.54). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 1258.6 %².
Within GEV's tracked universe of 33 assets, TLN comes in at #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GEV ahead by 73.8 points (+53.6% versus -20.2%).
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 TLN: side by side
| GEV (GE Vernova) | TLN (Talen Energy Corporation) | |
|---|---|---|
| 1-year return | +53.6% | -20.2% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 45.8% | 47.4% |
| Beta vs S&P 500 | 1.42 | 1.39 |
| Max drawdown (3Y) | -38.3% | -33.8% |
| Market cap | $254.0B | $14.6B |
| P/E (trailing) | 27.3 | – |
| Dividend yield | 0.18% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | GEV | TLN |
|---|---|---|
| 2024 | – | +214.8% |
| 2025 | +99.0% | +86.1% |
| 2026 | +46.2% | -18.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEV and TLN good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GEV and TLN?
The GEV/TLN correlation stands at 0.54 on a 3-year window (1 year: 0.32, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TLN a good diversifier for GEV?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 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/gev-vs-tln.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gev-vs-tln/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GEV correlations · TLN correlations
