SRE vs UTG: Correlation
How closely do Sempra (SRE) and Reaves Utility Income Fund (UTG) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SRE and UTG?
On 3 years of weekly data the SRE/UTG correlation comes out at 0.57, moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. The 5-year figure is 0.65, and annualized covariance runs at 258.6 %².
Within SRE's tracked universe of 30 assets, UTG comes in at #15 by 3-year correlation. Neither side won the trailing year by much: +6.0% against +6.8%.
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.
SRE vs UTG: side by side
| SRE (Sempra) | UTG (Reaves Utility Income Fund) | |
|---|---|---|
| 1-year return | +6.0% | +6.8% |
| 5-year return | +50.4% | +53.5% |
| Volatility (ann.) | 23.9% | 19.1% |
| Beta vs S&P 500 | 0.38 | 0.67 |
| Max drawdown (3Y) | -31.6% | -14.9% |
| Market cap | $55.4B | $3.5B |
| P/E (trailing) | 24.7 | 2.8 |
| Dividend yield | 3.06% | 6.17% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | SRE | UTG |
|---|---|---|
| 2022 | +20.3% | -13.4% |
| 2023 | -0.1% | +2.8% |
| 2024 | +21.1% | +28.1% |
| 2025 | +3.9% | +23.2% |
| 2026 | -2.6% | +8.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SRE and UTG good diversifiers for each other?
To a limited degree. At 0.57 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 SRE and UTG?
The SRE/UTG correlation stands at 0.57 on a 3-year window (1 year: 0.48, 5 years: 0.65), computed from weekly returns as of 2026-08-27.
Is UTG a good diversifier for SRE?
To a limited degree. At 0.57 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 0.57 mean?
On the −1 to +1 scale, 0.57 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/sre-vs-utg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sre-vs-utg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SRE correlations · UTG correlations
