PCG vs PEG: Correlation
PG&E Corporation (PCG) and Public Service Enterprise Group (PEG) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PCG and PEG?
On 3 years of weekly data the PCG/PEG correlation comes out at 0.51, moderate. The past 12 months show a tighter link (0.71) than the 3-year average (0.51). The 5-year figure is 0.41, and annualized covariance runs at 239.2 %².
Among the 30 assets we track against PCG, PEG ranks #14 by 3-year correlation. The last year tells two different stories: PCG led by 28.9 percentage points, +20.3% for PCG against -8.6% for PEG. Across three years, the rolling one-year figure varied moderately, from 0.30 to 0.73.
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.
PCG vs PEG: side by side
| PCG (PG&E Corporation) | PEG (Public Service Enterprise Group) | |
|---|---|---|
| 1-year return | +20.3% | -8.6% |
| 5-year return | +102.7% | +34.9% |
| Volatility (ann.) | 24.7% | 18.9% |
| Beta vs S&P 500 | 0.24 | 0.25 |
| Max drawdown (3Y) | -39.6% | -18.8% |
| Market cap | $39.5B | $36.5B |
| P/E (trailing) | 12.9 | 18.4 |
| Dividend yield | 0.96% | 3.51% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | PCG | PEG |
|---|---|---|
| 2022 | +33.9% | -5.1% |
| 2023 | +10.9% | +3.6% |
| 2024 | +12.3% | +42.6% |
| 2025 | -19.7% | -1.9% |
| 2026 | +12.3% | -7.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PCG and PEG good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PCG and PEG?
As of 2026-08-27, the correlation of weekly returns between PCG and PEG is 0.51 over 3 years, 0.71 over 1 year and 0.41 over 5 years.
Is PEG a good diversifier for PCG?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pcg-vs-peg.json
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Related comparisons
Hubs: PCG correlations · PEG correlations
