PCG vs RKTO: Correlation
Measured on weekly returns over the past three years, PG&E Corporation (PCG) and Rocket One Inc. (RKTO) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PCG and RKTO?
On 3 years of weekly data the PCG/RKTO correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.12) runs above the 3-year figure (-0.29). The 5-year figure is -0.14, and annualized covariance runs at -980.1 %².
Out of 30 assets tracked against PCG, RKTO lands near the bottom at #27. The last year tells two different stories: PCG led by 60.6 percentage points, +20.3% for PCG against -40.3% for RKTO. Note the risk asymmetry: RKTO runs 5.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 RKTO: side by side
| PCG (PG&E Corporation) | RKTO (Rocket One Inc.) | |
|---|---|---|
| 1-year return | +20.3% | -40.3% |
| 5-year return | +102.7% | -97.7% |
| Volatility (ann.) | 24.7% | 135.8% |
| Beta vs S&P 500 | 0.24 | 0.30 |
| Max drawdown (3Y) | -39.6% | -81.1% |
| Market cap | $39.5B | – |
| P/E (trailing) | 12.9 | – |
| Dividend yield | 0.96% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | PCG | RKTO |
|---|---|---|
| 2022 | +33.9% | -52.7% |
| 2023 | +10.9% | -81.5% |
| 2024 | +12.3% | -48.1% |
| 2025 | -19.7% | +32.4% |
| 2026 | +12.3% | -27.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PCG and RKTO good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between PCG and RKTO?
The PCG/RKTO correlation stands at -0.29 on a 3-year window (1 year: -0.12, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is RKTO a good diversifier for PCG?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 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/pcg-vs-rkto.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pcg-vs-rkto/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PCG correlations · RKTO correlations
