NRG vs SPXC: Correlation
NRG Energy (NRG) and SPX Technologies, Inc. (SPXC) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NRG and SPXC?
On 3 years of weekly data the NRG/SPXC correlation comes out at 0.52, moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. The 5-year figure is 0.42, and annualized covariance runs at 774.2 %².
By 3-year correlation, SPXC places #9 of the 31 assets tracked against NRG. Correlation aside, the last 12 months split them widely, with SPXC ahead by 28.5 points (-21.8% versus +6.7%).
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.
NRG vs SPXC: side by side
| NRG (NRG Energy) | SPXC (SPX Technologies, Inc.) | |
|---|---|---|
| 1-year return | -21.8% | +6.7% |
| 5-year return | +191.5% | +226.0% |
| Volatility (ann.) | 44.4% | 33.7% |
| Beta vs S&P 500 | 1.30 | 1.20 |
| Max drawdown (3Y) | -38.9% | -33.5% |
| Market cap | $24.1B | $10.3B |
| P/E (trailing) | 30.2 | 36.1 |
| Dividend yield | 1.61% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | NRG | SPXC |
|---|---|---|
| 2022 | -23.5% | +10.0% |
| 2023 | +69.4% | +53.9% |
| 2024 | +78.6% | +44.1% |
| 2025 | +78.9% | +37.5% |
| 2026 | -27.5% | +2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NRG and SPXC good diversifiers for each other?
Only partially. A correlation of 0.52 means NRG and SPXC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between NRG and SPXC?
The NRG/SPXC correlation stands at 0.52 on a 3-year window (1 year: 0.43, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is SPXC a good diversifier for NRG?
Only partially. A correlation of 0.52 means NRG and SPXC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
A reading of 0.52 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: NRG correlations · SPXC correlations
