META vs WTRG: Correlation
Meta Platforms (META) and Essential Utilities, Inc. (WTRG) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are META and WTRG?
Over the past 3 years, META and WTRG moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.18) sits close to the 3-year figure. Over 5 years the correlation is -0.03, and the annualized covariance of weekly returns is -132.1 %².
Within META's tracked universe of 33 assets, WTRG comes in at #28 by 3-year correlation. Correlation aside, the last 12 months split them widely, with WTRG ahead by 28.9 points (-23.3% versus +5.6%). One caveat on sizing: META is 1.9 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.
META vs WTRG: side by side
| META (Meta Platforms) | WTRG (Essential Utilities, Inc.) | |
|---|---|---|
| 1-year return | -23.3% | +5.6% |
| 5-year return | +51.3% | -5.2% |
| Volatility (ann.) | 36.9% | 19.6% |
| Beta vs S&P 500 | 1.45 | -0.04 |
| Max drawdown (3Y) | -34.2% | -17.9% |
| Market cap | $1,454.9B | $11.5B |
| P/E (trailing) | 21.7 | 20.9 |
| Dividend yield | 0.36% | 3.36% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | META | WTRG |
|---|---|---|
| 2022 | -64.2% | -8.9% |
| 2023 | +194.1% | -19.4% |
| 2024 | +66.0% | +0.5% |
| 2025 | +13.1% | +9.4% |
| 2026 | -13.3% | +8.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are META and WTRG good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between META and WTRG?
As of 2026-08-27, the correlation of weekly returns between META and WTRG is -0.18 over 3 years, -0.18 over 1 year and -0.03 over 5 years.
Is WTRG a good diversifier for META?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 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/meta-vs-wtrg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/meta-vs-wtrg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: META correlations · WTRG correlations
