AWK vs DTE: Correlation
How closely do American Water Works (AWK) and DTE Energy (DTE) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AWK and DTE?
Across a 3-year window, the weekly returns of AWK and DTE correlate at 0.60, strong. Recent behaviour matches the longer record: 0.61 over 1 year against 0.60 over 3. Stretching to 5 years gives 0.69, with an annualized covariance of 213.2 %².
By 3-year correlation, DTE places #13 of the 49 assets tracked against AWK. Twelve-month performance is nearly a tie, at -3.0% for AWK and +1.7% for DTE. Across three years, the rolling one-year figure varied moderately, from 0.34 to 0.79.
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.
AWK vs DTE: side by side
| AWK (American Water Works) | DTE (DTE Energy) | |
|---|---|---|
| 1-year return | -3.0% | +1.7% |
| 5-year return | -16.6% | +33.3% |
| Volatility (ann.) | 20.7% | 17.1% |
| Beta vs S&P 500 | -0.11 | 0.07 |
| Max drawdown (3Y) | -18.8% | -12.4% |
| Market cap | $27.2B | $28.3B |
| P/E (trailing) | 23.7 | 21.8 |
| Dividend yield | 2.46% | 3.39% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | AWK | DTE |
|---|---|---|
| 2022 | -17.9% | +1.2% |
| 2023 | -11.7% | -2.8% |
| 2024 | -3.5% | +13.5% |
| 2025 | +7.4% | +10.4% |
| 2026 | +6.9% | +7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AWK and DTE good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AWK and DTE?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.61 over the last year and 0.69 over 5 years.
Is DTE a good diversifier for AWK?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 mean?
On the −1 to +1 scale, 0.60 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/awk-vs-dte.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/awk-vs-dte/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AWK correlations · DTE correlations
