NRG vs TLN: Correlation
NRG Energy (NRG) and Talen Energy Corporation (TLN) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NRG and TLN?
On 3 years of weekly data the NRG/TLN correlation comes out at 0.58, moderate. Little has changed lately, as the 1-year reading of 0.51 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 1229.5 %².
Few assets follow NRG as closely as TLN, which ranks #3 of 31 tracked partners. Their 12-month results are close: -21.8% for NRG against -20.2% for TLN.
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 TLN: side by side
| NRG (NRG Energy) | TLN (Talen Energy Corporation) | |
|---|---|---|
| 1-year return | -21.8% | -20.2% |
| 5-year return | +191.5% | n/a |
| Volatility (ann.) | 44.4% | 47.4% |
| Beta vs S&P 500 | 1.30 | 1.39 |
| Max drawdown (3Y) | -38.9% | -33.8% |
| Market cap | $24.1B | $14.6B |
| P/E (trailing) | 30.2 | – |
| Dividend yield | 1.61% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | NRG | TLN |
|---|---|---|
| 2022 | -23.5% | – |
| 2023 | +69.4% | – |
| 2024 | +78.6% | +214.8% |
| 2025 | +78.9% | +86.1% |
| 2026 | -27.5% | -18.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NRG and TLN good diversifiers for each other?
Only partially. A correlation of 0.58 means NRG and TLN 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 TLN?
The NRG/TLN correlation stands at 0.58 on a 3-year window (1 year: 0.51, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TLN a good diversifier for NRG?
Only partially. A correlation of 0.58 means NRG and TLN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 mean?
A reading of 0.58 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/nrg-vs-tln.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nrg-vs-tln/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NRG correlations · TLN correlations
