MO vs WEC: Correlation
Altria (MO) and WEC Energy Group (WEC) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MO and WEC?
Over the past 3 years, MO and WEC moved with a correlation of 0.45, which is moderate. The relationship has been stable: the 1-year correlation (0.54) sits close to the 3-year figure. Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 165.6 %².
By 3-year correlation, WEC places #12 of the 49 assets tracked against MO. The trailing year gives MO the advantage: +8.8% versus +2.1%, a 6.7-point spread. The relationship is regime-dependent: the rolling one-year correlation swung between 0.05 and 0.59 over the past three years, so this pair behaves very differently depending on the market environment.
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.
MO vs WEC: side by side
| MO (Altria) | WEC (WEC Energy Group) | |
|---|---|---|
| 1-year return | +8.8% | +2.1% |
| 5-year return | +100.4% | +32.7% |
| Volatility (ann.) | 21.8% | 16.9% |
| Beta vs S&P 500 | -0.07 | 0.02 |
| Max drawdown (3Y) | -16.4% | -11.6% |
| Market cap | $113.0B | $34.6B |
| P/E (trailing) | 14.6 | 20.6 |
| Dividend yield | 6.13% | 3.43% |
| Sector / category | Consumer Staples | Utilities |
Year-by-year returns
| Year | MO | WEC |
|---|---|---|
| 2022 | +4.4% | -0.5% |
| 2023 | -3.7% | -7.0% |
| 2024 | +40.8% | +16.1% |
| 2025 | +18.2% | +16.0% |
| 2026 | +21.1% | +3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MO and WEC good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MO and WEC?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.54 over the last year and 0.36 over 5 years.
Is WEC a good diversifier for MO?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 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.
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Related comparisons
Hubs: MO correlations · WEC correlations
