GOOGL vs POR: Correlation
How closely do Alphabet Inc. (Class A) (GOOGL) and Portland General Electric Co (POR) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOOGL and POR?
On 3 years of weekly data the GOOGL/POR correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.32) sits close to the 3-year figure. The 5-year figure is -0.04, and annualized covariance runs at -126.0 %².
Within GOOGL's tracked universe of 37 assets, POR comes in at #24 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GOOGL ahead by 43.7 points (+64.7% versus +21.0%). Note the risk asymmetry: GOOGL runs 1.7 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.
GOOGL vs POR: side by side
| GOOGL (Alphabet Inc. (Class A)) | POR (Portland General Electric Co) | |
|---|---|---|
| 1-year return | +64.7% | +21.0% |
| 5-year return | +137.7% | +20.7% |
| Volatility (ann.) | 31.4% | 18.5% |
| Beta vs S&P 500 | 1.22 | 0.10 |
| Max drawdown (3Y) | -29.8% | -16.3% |
| Market cap | $4,166.1B | $5.9B |
| P/E (trailing) | 17.2 | 22.2 |
| Dividend yield | 0.25% | 4.24% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | GOOGL | POR |
|---|---|---|
| 2022 | -39.1% | -4.0% |
| 2023 | +58.3% | -7.7% |
| 2024 | +36.0% | +5.3% |
| 2025 | +66.0% | +15.4% |
| 2026 | +9.0% | +6.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOOGL and POR good diversifiers for each other?
Yes. With a correlation of -0.22, GOOGL and POR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GOOGL and POR?
As of 2026-08-27, the correlation of weekly returns between GOOGL and POR is -0.22 over 3 years, -0.32 over 1 year and -0.04 over 5 years.
Is POR a good diversifier for GOOGL?
Yes. With a correlation of -0.22, GOOGL and POR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 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/googl-vs-por.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/googl-vs-por/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GOOGL correlations · POR correlations
