PEG vs PPL: Correlation
Public Service Enterprise Group (PEG) and PPL Corporation (PPL) show a strong relationship: their 3-year correlation of weekly returns is 0.63.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PEG and PPL?
On 3 years of weekly data the PEG/PPL correlation comes out at 0.63, strong. Lately the two have moved closer together, with the 1-year correlation at 0.74 versus 0.63 over 3 years. The 5-year figure is 0.72, and annualized covariance runs at 207.6 %².
Among the 32 assets we track against PEG, PPL ranks #10 by 3-year correlation. Over the last 12 months PPL came out ahead by 5.6 percentage points (-8.6% against -3.0%). Across three years, the rolling one-year figure varied moderately, from 0.41 to 0.83.
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.
PEG vs PPL: side by side
| PEG (Public Service Enterprise Group) | PPL (PPL Corporation) | |
|---|---|---|
| 1-year return | -8.6% | -3.0% |
| 5-year return | +34.9% | +41.1% |
| Volatility (ann.) | 18.9% | 17.4% |
| Beta vs S&P 500 | 0.25 | 0.13 |
| Max drawdown (3Y) | -18.8% | -13.3% |
| Market cap | $36.5B | $25.9B |
| P/E (trailing) | 18.4 | 20.7 |
| Dividend yield | 3.51% | 3.18% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | PEG | PPL |
|---|---|---|
| 2022 | -5.1% | +0.4% |
| 2023 | +3.6% | -3.8% |
| 2024 | +42.6% | +24.0% |
| 2025 | -1.9% | +11.4% |
| 2026 | -7.1% | -0.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PEG and PPL good diversifiers for each other?
Only partially. A correlation of 0.63 means PEG and PPL 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 PEG and PPL?
Using weekly returns as of 2026-08-27: 0.63 over 3 years, with 0.74 over the last year and 0.72 over 5 years.
Is PPL a good diversifier for PEG?
Only partially. A correlation of 0.63 means PEG and PPL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.63 mean?
A reading of 0.63 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/peg-vs-ppl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/peg-vs-ppl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PEG correlations · PPL correlations
