AES vs DTE: Correlation
How closely do AES Corporation (AES) and DTE Energy (DTE) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AES and DTE?
Across a 3-year window, the weekly returns of AES and DTE correlate at 0.42, moderate. The link has loosened recently: the 1-year correlation (0.11) runs below the 3-year figure (0.42). Stretching to 5 years gives 0.46, with an annualized covariance of 288.8 %².
Within AES's tracked universe of 31 assets, DTE comes in at #16 by 3-year correlation. On 12-month performance AES holds a 14.2-point edge, +15.9% against +1.7%. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.11 to 0.72. One caveat on sizing: AES is 2.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AES vs DTE: side by side
| AES (AES Corporation) | DTE (DTE Energy) | |
|---|---|---|
| 1-year return | +15.9% | +1.7% |
| 5-year return | -25.1% | +33.3% |
| Volatility (ann.) | 40.5% | 17.1% |
| Beta vs S&P 500 | 0.86 | 0.07 |
| Max drawdown (3Y) | -53.3% | -12.4% |
| Market cap | $10.5B | $28.3B |
| P/E (trailing) | 5.5 | 21.8 |
| Dividend yield | 4.78% | 3.39% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | AES | DTE |
|---|---|---|
| 2022 | +21.7% | +1.2% |
| 2023 | -30.9% | -2.8% |
| 2024 | -30.4% | +13.5% |
| 2025 | +18.3% | +10.4% |
| 2026 | +6.6% | +7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AES and DTE good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AES and DTE?
The AES/DTE correlation stands at 0.42 on a 3-year window (1 year: 0.11, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is DTE a good diversifier for AES?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aes-vs-dte.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aes-vs-dte/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AES correlations · DTE correlations
