IBKR vs WTRG: Correlation
Interactive Brokers (IBKR) and Essential Utilities, Inc. (WTRG) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBKR and WTRG?
Over the past 3 years, IBKR and WTRG moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.37) than the 3-year average (-0.26). Over 5 years the correlation is -0.09, and the annualized covariance of weekly returns is -174.6 %².
By 3-year correlation, WTRG places #27 of the 32 assets tracked against IBKR. Correlation aside, the last 12 months split them widely, with IBKR ahead by 51.4 points (+57.0% versus +5.6%). One caveat on sizing: IBKR is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
IBKR vs WTRG: side by side
| IBKR (Interactive Brokers) | WTRG (Essential Utilities, Inc.) | |
|---|---|---|
| 1-year return | +57.0% | +5.6% |
| 5-year return | +516.0% | -5.2% |
| Volatility (ann.) | 33.9% | 19.6% |
| Beta vs S&P 500 | 1.37 | -0.04 |
| Max drawdown (3Y) | -38.7% | -17.9% |
| Market cap | $164.5B | $11.5B |
| P/E (trailing) | 38.5 | 20.9 |
| Dividend yield | 0.34% | 3.36% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | IBKR | WTRG |
|---|---|---|
| 2022 | -8.4% | -8.9% |
| 2023 | +15.1% | -19.4% |
| 2024 | +114.4% | +0.5% |
| 2025 | +46.4% | +9.4% |
| 2026 | +50.4% | +8.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBKR and WTRG good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between IBKR and WTRG?
The IBKR/WTRG correlation stands at -0.26 on a 3-year window (1 year: -0.37, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is WTRG a good diversifier for IBKR?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 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/ibkr-vs-wtrg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ibkr-vs-wtrg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IBKR correlations · WTRG correlations
