MEGI vs NEE: Correlation
How closely do NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) and NextEra Energy (NEE) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MEGI and NEE?
On 3 years of weekly data the MEGI/NEE correlation comes out at 0.57, moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.57 over 3. The 5-year figure is 0.51, and annualized covariance runs at 291.2 %².
Among the 29 assets we track against MEGI, NEE ranks #12 by 3-year correlation. Neither side won the trailing year by much: +14.7% against +16.2%.
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.
MEGI vs NEE: side by side
| MEGI (NYLI CBRE Global Infrastructure Megatrends Term Fund) | NEE (NextEra Energy) | |
|---|---|---|
| 1-year return | +14.7% | +16.2% |
| 5-year return | +20.7% | +12.9% |
| Volatility (ann.) | 19.4% | 26.5% |
| Beta vs S&P 500 | 0.49 | 0.28 |
| Max drawdown (3Y) | -17.4% | -28.8% |
| Market cap | $0.8B | $174.1B |
| P/E (trailing) | 4.9 | 18.9 |
| Dividend yield | 0.00% | 2.82% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | MEGI | NEE |
|---|---|---|
| 2022 | -23.3% | -8.5% |
| 2023 | +5.5% | -25.3% |
| 2024 | +5.2% | +21.5% |
| 2025 | +26.2% | +15.5% |
| 2026 | +16.5% | +5.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MEGI and NEE good diversifiers for each other?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between MEGI and NEE?
As of 2026-08-27, the correlation of weekly returns between MEGI and NEE is 0.57 over 3 years, 0.49 over 1 year and 0.51 over 5 years.
Is NEE a good diversifier for MEGI?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.57 mean?
A reading of 0.57 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/megi-vs-nee.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/megi-vs-nee/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MEGI correlations · NEE correlations
