ATO vs DTE: Correlation
How closely do Atmos Energy (ATO) and DTE Energy (DTE) trade together? Their weekly returns over three years give a correlation of 0.70, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATO and DTE?
Over the past 3 years, ATO and DTE moved with a correlation of 0.70, which is strong. Little has changed lately, as the 1-year reading of 0.78 lands near the 3-year figure. Over 5 years the correlation is 0.75, and the annualized covariance of weekly returns is 190.9 %².
Among the 32 assets we track against ATO, DTE ranks #11 by 3-year correlation. Twelve-month performance is nearly a tie, at +2.9% for ATO and +1.7% for DTE. The link looks structural: the rolling one-year correlation barely moved, holding between 0.62 and 0.78.
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.
ATO vs DTE: side by side
| ATO (Atmos Energy) | DTE (DTE Energy) | |
|---|---|---|
| 1-year return | +2.9% | +1.7% |
| 5-year return | +94.1% | +33.3% |
| Volatility (ann.) | 15.9% | 17.1% |
| Beta vs S&P 500 | 0.15 | 0.07 |
| Max drawdown (3Y) | -12.7% | -12.4% |
| Market cap | $28.3B | $28.3B |
| P/E (trailing) | 19.9 | 21.8 |
| Dividend yield | 2.28% | 3.39% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | ATO | DTE |
|---|---|---|
| 2022 | +9.6% | +1.2% |
| 2023 | +6.2% | -2.8% |
| 2024 | +23.4% | +13.5% |
| 2025 | +23.1% | +10.4% |
| 2026 | +1.5% | +7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATO and DTE good diversifiers for each other?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ATO and DTE?
Using weekly returns as of 2026-08-27: 0.70 over 3 years, with 0.78 over the last year and 0.75 over 5 years.
Is DTE a good diversifier for ATO?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.70 mean?
A reading of 0.70 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/ato-vs-dte.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ato-vs-dte/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ATO correlations · DTE correlations
