PCG vs SVRN: Correlation
How closely do PG&E Corporation (PCG) and OceanPal Inc. (SVRN) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PCG and SVRN?
Across a 3-year window, the weekly returns of PCG and SVRN correlate at -0.23, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.01) than the 3-year average (-0.23). Stretching to 5 years gives -0.14, with an annualized covariance of -883.8 %².
By 3-year correlation, SVRN places #21 of the 30 assets tracked against PCG. The last year tells two different stories: PCG led by 92.5 percentage points, +20.3% for PCG against -72.2% for SVRN. Note the risk asymmetry: SVRN runs 6.2 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 SVRN: side by side
| PCG (PG&E Corporation) | SVRN (OceanPal Inc.) | |
|---|---|---|
| 1-year return | +20.3% | -72.2% |
| 5-year return | +102.7% | -100.0% |
| Volatility (ann.) | 24.7% | 153.9% |
| Beta vs S&P 500 | 0.24 | 0.71 |
| Max drawdown (3Y) | -39.6% | -99.7% |
| 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 | SVRN |
|---|---|---|
| 2022 | +33.9% | -99.4% |
| 2023 | +10.9% | -90.0% |
| 2024 | +12.3% | -48.0% |
| 2025 | -19.7% | -96.3% |
| 2026 | +12.3% | -59.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PCG and SVRN good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between PCG and SVRN?
The PCG/SVRN correlation stands at -0.23 on a 3-year window (1 year: -0.01, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is SVRN a good diversifier for PCG?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
A reading of -0.23 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: PCG correlations · SVRN correlations
