MEGI vs PCG: Correlation
NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) and PG&E Corporation (PCG) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MEGI and PCG?
On 3 years of weekly data the MEGI/PCG correlation comes out at 0.54, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.65 versus 0.54 over 3 years. The 5-year figure is 0.47, and annualized covariance runs at 256.6 %².
Among the 29 assets we track against MEGI, PCG ranks #15 by 3-year correlation. The trailing year gives PCG the advantage: +14.7% versus +20.3%, a 5.6-point spread.
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 PCG: side by side
| MEGI (NYLI CBRE Global Infrastructure Megatrends Term Fund) | PCG (PG&E Corporation) | |
|---|---|---|
| 1-year return | +14.7% | +20.3% |
| 5-year return | +20.7% | +102.7% |
| Volatility (ann.) | 19.4% | 24.7% |
| Beta vs S&P 500 | 0.49 | 0.24 |
| Max drawdown (3Y) | -17.4% | -39.6% |
| Market cap | $0.8B | $39.5B |
| P/E (trailing) | 4.9 | 12.9 |
| Dividend yield | 0.00% | 0.96% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | MEGI | PCG |
|---|---|---|
| 2022 | -23.3% | +33.9% |
| 2023 | +5.5% | +10.9% |
| 2024 | +5.2% | +12.3% |
| 2025 | +26.2% | -19.7% |
| 2026 | +16.5% | +12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MEGI and PCG good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MEGI and PCG?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.65 over the last year and 0.47 over 5 years.
Is PCG a good diversifier for MEGI?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
A reading of 0.54 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-pcg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/megi-vs-pcg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MEGI correlations · PCG correlations
