PCG vs ZTR: Correlation
PG&E Corporation (PCG) and Virtus Total Return Fund Inc. (ZTR) 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 ZTR?
On 3 years of weekly data the PCG/ZTR correlation comes out at 0.51, moderate. The past 12 months show a tighter link (0.70) than the 3-year average (0.51). The 5-year figure is 0.35, and annualized covariance runs at 176.0 %².
Within PCG's tracked universe of 30 assets, ZTR comes in at #15 by 3-year correlation. Twelve-month performance is nearly a tie, at +20.3% for PCG and +18.0% for ZTR. One caveat on sizing: PCG is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 ZTR: side by side
| PCG (PG&E Corporation) | ZTR (Virtus Total Return Fund Inc.) | |
|---|---|---|
| 1-year return | +20.3% | +18.0% |
| 5-year return | +102.7% | +27.0% |
| Volatility (ann.) | 24.7% | 14.0% |
| Beta vs S&P 500 | 0.24 | 0.40 |
| Max drawdown (3Y) | -39.6% | -18.3% |
| Market cap | $39.5B | $0.3B |
| P/E (trailing) | 12.9 | 5.7 |
| Dividend yield | 0.96% | 8.75% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | PCG | ZTR |
|---|---|---|
| 2022 | +33.9% | -21.3% |
| 2023 | +10.9% | -3.2% |
| 2024 | +12.3% | +18.3% |
| 2025 | -19.7% | +18.6% |
| 2026 | +12.3% | +15.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PCG and ZTR good diversifiers for each other?
Only partially. A correlation of 0.51 means PCG and ZTR 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 PCG and ZTR?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.70 over the last year and 0.35 over 5 years.
Is ZTR a good diversifier for PCG?
Only partially. A correlation of 0.51 means PCG and ZTR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
A reading of 0.51 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/pcg-vs-ztr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pcg-vs-ztr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PCG correlations · ZTR correlations
