GEV vs VST: Correlation
Measured on weekly returns over the past three years, GE Vernova (GEV) and Vistra Corp. (VST) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEV and VST?
Across a 3-year window, the weekly returns of GEV and VST correlate at 0.55, moderate. The link has loosened recently: the 1-year correlation (0.32) runs below the 3-year figure (0.55). Stretching to 5 years gives n/a, with an annualized covariance of 1414.1 %².
By 3-year correlation, VST places #8 of the 33 assets tracked against GEV. The last year tells two different stories: GEV led by 81.4 percentage points, +53.6% for GEV against -27.8% for VST. This link changes with the market regime, having swung between 0.25 and 0.75 on a rolling one-year basis.
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 VST: side by side
| GEV (GE Vernova) | VST (Vistra Corp.) | |
|---|---|---|
| 1-year return | +53.6% | -27.8% |
| 5-year return | n/a | +713.7% |
| Volatility (ann.) | 45.8% | 52.8% |
| Beta vs S&P 500 | 1.42 | 1.62 |
| Max drawdown (3Y) | -38.3% | -48.8% |
| Market cap | $254.0B | $46.9B |
| P/E (trailing) | 27.3 | 23.6 |
| Dividend yield | 0.18% | 0.65% |
| Sector / category | Industrials | Utilities |
Year-by-year returns
| Year | GEV | VST |
|---|---|---|
| 2022 | – | +5.1% |
| 2023 | – | +70.7% |
| 2024 | – | +261.5% |
| 2025 | +99.0% | +17.7% |
| 2026 | +46.2% | -13.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEV and VST good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GEV and VST?
As of 2026-08-27, the correlation of weekly returns between GEV and VST is 0.55 over 3 years, 0.32 over 1 year and n/a over 5 years.
Is VST a good diversifier for GEV?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: GEV correlations · VST correlations
