NEE correlations (NextEra Energy)
Every correlation that matters for NEE: the assets it tracks, the ones that offset it, and where it sits among 4756 US stocks and ETFs.
Data as of 2026-08-27 · refreshed every trading day · Utilities · Multi-Utilities
Volatility (ann.)
26.5%
3y weekly
Beta vs S&P 500
0.28
3y weekly
1-year return
+16.2%
price, adjusted
5-year return
+12.9%
price, adjusted
Market cap
$174.1B
latest
P/E ratio
18.9
trailing
Dividend yield
2.82%
trailing
Max drawdown
-28.8%
3y, daily closes
NEE over the last 12 months, weekly closes indexed to 100 at the start.
Stocks and ETFs most correlated with NEE
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| XLU | Utilities Select Sector SPDR Fund | 0.73 | |
| AES | AES Corporation | 0.62 | |
| DTE | DTE Energy | 0.59 | |
| ERH | Allspring Utilities and High Income Fund | 0.58 | |
| DPG | Duff & Phelps Utility and Infrastructure Fund Inc. | 0.58 | |
| SO | Southern Company | 0.58 | |
| EVRG | Evergy | 0.57 | |
| MEGI | NYLI CBRE Global Infrastructure Megatrends Term Fund | 0.57 | |
| CMS | CMS Energy | 0.56 | |
| ZTR | Virtus Total Return Fund Inc. | 0.56 | |
| HTD | John Hancock Tax Advantaged Dividend Income Fund | 0.56 | |
| OGE | OGE Energy Corp | 0.56 | |
| LNT | Alliant Energy | 0.55 | |
| D | Dominion Energy | 0.55 | |
| PNW | Pinnacle West Capital | 0.55 |
Best diversifiers for NEE
The least-correlated liquid assets in our universe, meaning the ones that historically moved most independently from NEE.
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| FEMY | Femasys Inc. | -0.31 | |
| NEUP | Neuphoria Therapeutics Inc. | -0.26 | |
| WAY | Waystar Holding Corp. | -0.24 | |
| SMWB | Similarweb Ltd. | -0.23 | |
| IHT | InnSuites Hospitality Trust Shares of Beneficial Interest | -0.23 | |
| CCC | CCC Intelligent Solutions Holdings Inc. | -0.21 | |
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | -0.21 | |
| TEAM | Atlassian Corporation | -0.21 | |
| PAPL | Pineapple Financial Inc. | -0.20 | |
| IMVT | Immunovant, Inc. | -0.19 |
NEE vs benchmarks
NEE vs its peers
Get NEE data as JSON
$ curl https://www.pairbook.io/api/v1/symbols/nee.jsonCorrelations, diversifiers, beta and volatility for NEE, plus one endpoint per pair. API documentation.
NEE inside major ETFs
| ETF | NEE weight | |
|---|---|---|
| XLU | Utilities Select Sector SPDR Fund | 12.94% |
| DGRO | iShares Core Dividend Growth ETF | 1.1% |
| VIG | Vanguard Dividend Appreciation ETF | 0.79% |
| VYM | Vanguard High Dividend Yield ETF | 0.74% |
| VTV | Vanguard Value ETF | 0.64% |
| SPYV | SPDR Portfolio S&P 500 Value ETF | 0.58% |
| VOO | Vanguard S&P 500 ETF | 0.28% |
| IVV | iShares Core S&P 500 ETF | 0.27% |
| SPY | SPDR S&P 500 ETF Trust | 0.27% |
| VTI | Vanguard Total Stock Market ETF | 0.25% |
