NWE vs TSN: Correlation
NorthWestern Energy Group, Inc. (NWE) and Tyson Foods (TSN) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NWE and TSN?
Across a 3-year window, the weekly returns of NWE and TSN correlate at 0.40, moderate. Little has changed lately, as the 1-year reading of 0.37 lands near the 3-year figure. Stretching to 5 years gives 0.33, with an annualized covariance of 192.5 %².
By 3-year correlation, TSN places #8 of the 13 assets tracked against NWE. Correlation aside, the last 12 months split them widely, with NWE ahead by 28.8 points (+28.5% versus -0.3%).
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.
NWE vs TSN: side by side
| NWE (NorthWestern Energy Group, Inc.) | TSN (Tyson Foods) | |
|---|---|---|
| 1-year return | +28.5% | -0.3% |
| 5-year return | +41.5% | -17.3% |
| Volatility (ann.) | 20.9% | 22.8% |
| Beta vs S&P 500 | 0.26 | 0.19 |
| Max drawdown (3Y) | -13.6% | -20.3% |
| Market cap | $4.4B | $19.5B |
| P/E (trailing) | 25.6 | 35.0 |
| Dividend yield | 3.72% | 0.88% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | NWE | TSN |
|---|---|---|
| 2022 | +8.5% | -26.9% |
| 2023 | -10.1% | -10.4% |
| 2024 | +10.5% | +10.5% |
| 2025 | +26.4% | +5.7% |
| 2026 | +13.2% | -4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NWE and TSN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NWE and TSN?
The NWE/TSN correlation stands at 0.40 on a 3-year window (1 year: 0.37, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is TSN a good diversifier for NWE?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nwe-vs-tsn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nwe-vs-tsn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NWE correlations · TSN correlations
