GOOG vs PPL: Correlation
Measured on weekly returns over the past three years, Alphabet Inc. (Class C) (GOOG) and PPL Corporation (PPL) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOOG and PPL?
Over the past 3 years, GOOG and PPL moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.34) than the 3-year average (-0.24). Over 5 years the correlation is -0.04, and the annualized covariance of weekly returns is -132.3 %².
By 3-year correlation, PPL places #27 of the 36 assets tracked against GOOG. Their recent paths diverged sharply: over the last 12 months GOOG outperformed by 65.7 percentage points (+62.7% for GOOG against -3.0% for PPL). The rolling one-year correlation moved between -0.36 and 0.06 over the past three years, a moderate range. Note the risk asymmetry: GOOG runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
GOOG vs PPL: side by side
| GOOG (Alphabet Inc. (Class C)) | PPL (PPL Corporation) | |
|---|---|---|
| 1-year return | +62.7% | -3.0% |
| 5-year return | +134.2% | +41.1% |
| Volatility (ann.) | 31.1% | 17.4% |
| Beta vs S&P 500 | 1.20 | 0.13 |
| Max drawdown (3Y) | -29.4% | -13.3% |
| Market cap | $4,130.2B | $25.9B |
| P/E (trailing) | 17.0 | 20.7 |
| Dividend yield | 0.25% | 3.18% |
| Sector / category | Communication Services | Utilities |
Year-by-year returns
| Year | GOOG | PPL |
|---|---|---|
| 2022 | -38.7% | +0.4% |
| 2023 | +58.8% | -3.8% |
| 2024 | +35.6% | +24.0% |
| 2025 | +65.4% | +11.4% |
| 2026 | +7.8% | -0.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOOG and PPL good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between GOOG and PPL?
As of 2026-08-27, the correlation of weekly returns between GOOG and PPL is -0.24 over 3 years, -0.34 over 1 year and -0.04 over 5 years.
Is PPL a good diversifier for GOOG?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 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/goog-vs-ppl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/goog-vs-ppl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GOOG correlations · PPL correlations
