GOOG vs WEC: Correlation
How closely do Alphabet Inc. (Class C) (GOOG) and WEC Energy Group (WEC) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOOG and WEC?
On 3 years of weekly data the GOOG/WEC correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.29 over 1 year against -0.23 over 3. The 5-year figure is -0.03, and annualized covariance runs at -119.9 %².
Within GOOG's tracked universe of 36 assets, WEC comes in at #26 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GOOG ahead by 60.6 points (+62.7% versus +2.1%). This link changes with the market regime, having swung between -0.34 and 0.18 on a rolling one-year basis. 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 WEC: side by side
| GOOG (Alphabet Inc. (Class C)) | WEC (WEC Energy Group) | |
|---|---|---|
| 1-year return | +62.7% | +2.1% |
| 5-year return | +134.2% | +32.7% |
| Volatility (ann.) | 31.1% | 16.9% |
| Beta vs S&P 500 | 1.20 | 0.02 |
| Max drawdown (3Y) | -29.4% | -11.6% |
| Market cap | $4,130.2B | $34.6B |
| P/E (trailing) | 17.0 | 20.6 |
| Dividend yield | 0.25% | 3.43% |
| Sector / category | Communication Services | Utilities |
Year-by-year returns
| Year | GOOG | WEC |
|---|---|---|
| 2022 | -38.7% | -0.5% |
| 2023 | +58.8% | -7.0% |
| 2024 | +35.6% | +16.1% |
| 2025 | +65.4% | +16.0% |
| 2026 | +7.8% | +3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOOG and WEC good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GOOG and WEC?
The GOOG/WEC correlation stands at -0.23 on a 3-year window (1 year: -0.29, 5 years: -0.03), computed from weekly returns as of 2026-08-27.
Is WEC a good diversifier for GOOG?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
A reading of -0.23 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: GOOG correlations · WEC correlations
