PEG vs WEC: Correlation
Public Service Enterprise Group (PEG) and WEC Energy Group (WEC) show a strong relationship: their 3-year correlation of weekly returns is 0.62.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PEG and WEC?
Across a 3-year window, the weekly returns of PEG and WEC correlate at 0.62, strong. Lately the two have moved closer together, with the 1-year correlation at 0.78 versus 0.62 over 3 years. Stretching to 5 years gives 0.71, with an annualized covariance of 198.1 %².
Within PEG's tracked universe of 32 assets, WEC comes in at #12 by 3-year correlation. Over the last 12 months WEC came out ahead by 10.7 percentage points (-8.6% against +2.1%). Across three years, the rolling one-year figure varied moderately, from 0.42 to 0.78.
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 WEC: side by side
| PEG (Public Service Enterprise Group) | WEC (WEC Energy Group) | |
|---|---|---|
| 1-year return | -8.6% | +2.1% |
| 5-year return | +34.9% | +32.7% |
| Volatility (ann.) | 18.9% | 16.9% |
| Beta vs S&P 500 | 0.25 | 0.02 |
| Max drawdown (3Y) | -18.8% | -11.6% |
| Market cap | $36.5B | $34.6B |
| P/E (trailing) | 18.4 | 20.6 |
| Dividend yield | 3.51% | 3.43% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | PEG | WEC |
|---|---|---|
| 2022 | -5.1% | -0.5% |
| 2023 | +3.6% | -7.0% |
| 2024 | +42.6% | +16.1% |
| 2025 | -1.9% | +16.0% |
| 2026 | -7.1% | +3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PEG and WEC good diversifiers for each other?
To a limited degree. At 0.62 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between PEG and WEC?
The PEG/WEC correlation stands at 0.62 on a 3-year window (1 year: 0.78, 5 years: 0.71), computed from weekly returns as of 2026-08-27.
Is WEC a good diversifier for PEG?
To a limited degree. At 0.62 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.62 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: PEG correlations · WEC correlations
