MGEE vs SNDA: Correlation
MGE Energy Inc. (MGEE) and Sonida Senior Living, Inc. (SNDA) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MGEE and SNDA?
On 3 years of weekly data the MGEE/SNDA correlation comes out at 0.38, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.22 versus 0.38 over 3 years. The 5-year figure is 0.22, and annualized covariance runs at 635.5 %².
Among the 15 assets we track against MGEE, SNDA ranks #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SNDA ahead by 57.3 points (-8.3% versus +49.0%). Risk is not evenly split, since SNDA carries 2.2 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.
MGEE vs SNDA: side by side
| MGEE (MGE Energy Inc.) | SNDA (Sonida Senior Living, Inc.) | |
|---|---|---|
| 1-year return | -8.3% | +49.0% |
| 5-year return | +8.2% | +6.6% |
| Volatility (ann.) | 27.4% | 61.1% |
| Beta vs S&P 500 | 0.26 | 0.66 |
| Max drawdown (3Y) | -30.9% | -41.0% |
| Market cap | $3.0B | $1.9B |
| P/E (trailing) | 19.5 | – |
| Dividend yield | 2.39% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MGEE | SNDA |
|---|---|---|
| 2022 | -12.6% | -56.1% |
| 2023 | +5.1% | -22.7% |
| 2024 | +32.8% | +138.9% |
| 2025 | -14.7% | +41.3% |
| 2026 | +1.1% | +19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MGEE and SNDA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MGEE and SNDA?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.22 over the last year and 0.22 over 5 years.
Is SNDA a good diversifier for MGEE?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 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/mgee-vs-snda.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mgee-vs-snda/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MGEE correlations · SNDA correlations
