TLN vs UTG: Correlation
Measured on weekly returns over the past three years, Talen Energy Corporation (TLN) and Reaves Utility Income Fund (UTG) carry a correlation of 0.60, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TLN and UTG?
On 3 years of weekly data the TLN/UTG correlation comes out at 0.60, strong. The relationship has been stable: the 1-year correlation (0.66) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 546.6 %².
In TLN's tracked universe of 12 assets, UTG sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months UTG outperformed by 27.0 percentage points (-20.2% for TLN against +6.8% for UTG). Risk is not evenly split, since TLN carries 2.5 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.
TLN vs UTG: side by side
| TLN (Talen Energy Corporation) | UTG (Reaves Utility Income Fund) | |
|---|---|---|
| 1-year return | -20.2% | +6.8% |
| 5-year return | n/a | +53.5% |
| Volatility (ann.) | 47.4% | 19.1% |
| Beta vs S&P 500 | 1.39 | 0.67 |
| Max drawdown (3Y) | -33.8% | -14.9% |
| Market cap | $14.6B | $3.5B |
| P/E (trailing) | – | 2.8 |
| Dividend yield | 0.00% | 6.17% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TLN | UTG |
|---|---|---|
| 2022 | – | -13.4% |
| 2023 | – | +2.8% |
| 2024 | +214.8% | +28.1% |
| 2025 | +86.1% | +23.2% |
| 2026 | -18.7% | +8.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TLN and UTG good diversifiers for each other?
To a limited degree. At 0.60 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 TLN and UTG?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.66 over the last year and n/a over 5 years.
Is UTG a good diversifier for TLN?
To a limited degree. At 0.60 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 0.60 mean?
A reading of 0.60 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/tln-vs-utg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tln-vs-utg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TLN correlations · UTG correlations
