AEE vs ETR: Correlation
How closely do Ameren (AEE) and Entergy (ETR) trade together? Their weekly returns over three years give a correlation of 0.78, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEE and ETR?
Over the past 3 years, AEE and ETR moved with a correlation of 0.78, which is strong. Recent behaviour matches the longer record: 0.82 over 1 year against 0.78 over 3. Over 5 years the correlation is 0.80, and the annualized covariance of weekly returns is 274.7 %².
Within AEE's tracked universe of 35 assets, ETR comes in at #10 by 3-year correlation. On 12-month performance ETR holds a 13.1-point edge, +8.8% against +21.9%. The rolling one-year correlation stayed in a tight band between 0.69 and 0.86 over the past three years, which points to a structural rather than episodic relationship.
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.
AEE vs ETR: side by side
| AEE (Ameren) | ETR (Entergy) | |
|---|---|---|
| 1-year return | +8.8% | +21.9% |
| 5-year return | +39.7% | +132.0% |
| Volatility (ann.) | 17.8% | 19.7% |
| Beta vs S&P 500 | 0.10 | 0.22 |
| Max drawdown (3Y) | -16.5% | -10.6% |
| Market cap | $29.6B | $49.7B |
| P/E (trailing) | 19.0 | 27.2 |
| Dividend yield | 2.71% | 2.35% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | AEE | ETR |
|---|---|---|
| 2022 | +2.5% | +3.6% |
| 2023 | -16.1% | -6.1% |
| 2024 | +27.5% | +56.0% |
| 2025 | +15.3% | +25.3% |
| 2026 | +8.4% | +17.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEE and ETR good diversifiers for each other?
Only partially. A correlation of 0.78 means AEE and ETR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AEE and ETR?
Using weekly returns as of 2026-08-27: 0.78 over 3 years, with 0.82 over the last year and 0.80 over 5 years.
Is ETR a good diversifier for AEE?
Only partially. A correlation of 0.78 means AEE and ETR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.78 mean?
On the −1 to +1 scale, 0.78 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.
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Related comparisons
Hubs: AEE correlations · ETR correlations
