GOOGL vs WEC: Correlation
Measured on weekly returns over the past three years, Alphabet Inc. (Class A) (GOOGL) and WEC Energy Group (WEC) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOOGL and WEC?
Over the past 3 years, GOOGL and WEC moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.28 over 1 year against -0.23 over 3. Over 5 years the correlation is -0.03, and the annualized covariance of weekly returns is -119.8 %².
By 3-year correlation, WEC places #26 of the 37 assets tracked against GOOGL. Their recent paths diverged sharply: over the last 12 months GOOGL outperformed by 62.6 percentage points (+64.7% for GOOGL against +2.1% for WEC). This link changes with the market regime, having swung between -0.34 and 0.19 on a rolling one-year basis. Risk is not evenly split, since GOOGL carries 1.9 times the volatility of the other side.
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 WEC: side by side
| GOOGL (Alphabet Inc. (Class A)) | WEC (WEC Energy Group) | |
|---|---|---|
| 1-year return | +64.7% | +2.1% |
| 5-year return | +137.7% | +32.7% |
| Volatility (ann.) | 31.4% | 16.9% |
| Beta vs S&P 500 | 1.22 | 0.02 |
| Max drawdown (3Y) | -29.8% | -11.6% |
| Market cap | $4,166.1B | $34.6B |
| P/E (trailing) | 17.2 | 20.6 |
| Dividend yield | 0.25% | 3.43% |
| Sector / category | Communication Services | Utilities |
Year-by-year returns
| Year | GOOGL | WEC |
|---|---|---|
| 2022 | -39.1% | -0.5% |
| 2023 | +58.3% | -7.0% |
| 2024 | +36.0% | +16.1% |
| 2025 | +66.0% | +16.0% |
| 2026 | +9.0% | +3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOOGL and WEC good diversifiers for each other?
Yes. With a correlation of -0.23, GOOGL and WEC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GOOGL and WEC?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.28 over the last year and -0.03 over 5 years.
Is WEC a good diversifier for GOOGL?
Yes. With a correlation of -0.23, GOOGL and WEC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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: GOOGL correlations · WEC correlations
