SRE vs WEC: Correlation
Sempra (SRE) and WEC Energy Group (WEC) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SRE and WEC?
On 3 years of weekly data the SRE/WEC correlation comes out at 0.58, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.75 versus 0.58 over 3 years. The 5-year figure is 0.65, and annualized covariance runs at 233.2 %².
Within SRE's tracked universe of 30 assets, WEC comes in at #13 by 3-year correlation. Neither side won the trailing year by much: +6.0% against +2.1%. The relationship is regime-dependent: the rolling one-year correlation swung between 0.26 and 0.76 over the past three years, so this pair behaves very differently depending on the market environment.
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 WEC: side by side
| SRE (Sempra) | WEC (WEC Energy Group) | |
|---|---|---|
| 1-year return | +6.0% | +2.1% |
| 5-year return | +50.4% | +32.7% |
| Volatility (ann.) | 23.9% | 16.9% |
| Beta vs S&P 500 | 0.38 | 0.02 |
| Max drawdown (3Y) | -31.6% | -11.6% |
| Market cap | $55.4B | $34.6B |
| P/E (trailing) | 24.7 | 20.6 |
| Dividend yield | 3.06% | 3.43% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | SRE | WEC |
|---|---|---|
| 2022 | +20.3% | -0.5% |
| 2023 | -0.1% | -7.0% |
| 2024 | +21.1% | +16.1% |
| 2025 | +3.9% | +16.0% |
| 2026 | -2.6% | +3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SRE and WEC good diversifiers for each other?
To a limited degree. At 0.58 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 WEC?
As of 2026-08-27, the correlation of weekly returns between SRE and WEC is 0.58 over 3 years, 0.75 over 1 year and 0.65 over 5 years.
Is WEC a good diversifier for SRE?
To a limited degree. At 0.58 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 0.58 mean?
A reading of 0.58 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: SRE correlations · WEC correlations
