PEG vs VST: Correlation
Measured on weekly returns over the past three years, Public Service Enterprise Group (PEG) and Vistra Corp. (VST) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PEG and VST?
Over the past 3 years, PEG and VST moved with a correlation of 0.56, which is moderate. Little has changed lately, as the 1-year reading of 0.64 lands near the 3-year figure. Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 559.5 %².
By 3-year correlation, VST places #16 of the 32 assets tracked against PEG. Their recent paths diverged sharply: over the last 12 months PEG outperformed by 19.2 percentage points (-8.6% for PEG against -27.8% for VST). The relationship is regime-dependent: the rolling one-year correlation swung between -0.02 and 0.69 over the past three years, so this pair behaves very differently depending on the market environment. Risk is not evenly split, since VST carries 2.8 times the volatility of the other side.
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 VST: side by side
| PEG (Public Service Enterprise Group) | VST (Vistra Corp.) | |
|---|---|---|
| 1-year return | -8.6% | -27.8% |
| 5-year return | +34.9% | +713.7% |
| Volatility (ann.) | 18.9% | 52.8% |
| Beta vs S&P 500 | 0.25 | 1.62 |
| Max drawdown (3Y) | -18.8% | -48.8% |
| Market cap | $36.5B | $46.9B |
| P/E (trailing) | 18.4 | 23.6 |
| Dividend yield | 3.51% | 0.65% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | PEG | VST |
|---|---|---|
| 2022 | -5.1% | +5.1% |
| 2023 | +3.6% | +70.7% |
| 2024 | +42.6% | +261.5% |
| 2025 | -1.9% | +17.7% |
| 2026 | -7.1% | -13.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PEG and VST good diversifiers for each other?
Only partially. A correlation of 0.56 means PEG and VST 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 VST?
As of 2026-08-27, the correlation of weekly returns between PEG and VST is 0.56 over 3 years, 0.64 over 1 year and 0.51 over 5 years.
Is VST a good diversifier for PEG?
Only partially. A correlation of 0.56 means PEG and VST share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 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.
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Related comparisons
Hubs: PEG correlations · VST correlations
