AMZN vs DUK: Correlation
How closely do Amazon (AMZN) and Duke Energy (DUK) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMZN and DUK?
Over the past 3 years, AMZN and DUK moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.36 over 1 year against -0.27 over 3. Over 5 years the correlation is -0.08, and the annualized covariance of weekly returns is -135.2 %².
By 3-year correlation, DUK places #33 of the 38 assets tracked against AMZN. On 12-month performance AMZN holds a 10.7-point edge, +11.8% against +1.1%. This link changes with the market regime, having swung between -0.42 and 0.14 on a rolling one-year basis. One caveat on sizing: AMZN is 1.9 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.
AMZN vs DUK: side by side
| AMZN (Amazon) | DUK (Duke Energy) | |
|---|---|---|
| 1-year return | +11.8% | +1.1% |
| 5-year return | +49.8% | +39.8% |
| Volatility (ann.) | 31.0% | 15.9% |
| Beta vs S&P 500 | 1.48 | -0.09 |
| Max drawdown (3Y) | -30.9% | -11.6% |
| Market cap | $2,764.1B | $94.2B |
| P/E (trailing) | 20.9 | 18.3 |
| Dividend yield | 0.00% | 3.49% |
| Sector / category | Consumer Discretionary | Utilities |
Year-by-year returns
| Year | AMZN | DUK |
|---|---|---|
| 2022 | -49.6% | +2.0% |
| 2023 | +80.9% | -1.6% |
| 2024 | +44.4% | +15.6% |
| 2025 | +5.2% | +12.7% |
| 2026 | +11.0% | +5.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMZN and DUK good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AMZN and DUK?
The AMZN/DUK correlation stands at -0.27 on a 3-year window (1 year: -0.36, 5 years: -0.08), computed from weekly returns as of 2026-08-27.
Is DUK a good diversifier for AMZN?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
A reading of -0.27 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/amzn-vs-duk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amzn-vs-duk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMZN correlations · DUK correlations
