CNP vs DTE: Correlation
How closely do CenterPoint Energy (CNP) and DTE Energy (DTE) trade together? Their weekly returns over three years give a correlation of 0.66, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNP and DTE?
Across a 3-year window, the weekly returns of CNP and DTE correlate at 0.66, strong. Lately the two have moved closer together, with the 1-year correlation at 0.91 versus 0.66 over 3 years. Stretching to 5 years gives 0.76, with an annualized covariance of 194.0 %².
By 3-year correlation, DTE places #4 of the 28 assets tracked against CNP. Twelve-month performance is nearly a tie, at +6.5% for CNP and +1.7% for DTE. This link changes with the market regime, having swung between 0.27 and 0.91 on a rolling one-year basis.
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.
CNP vs DTE: side by side
| CNP (CenterPoint Energy) | DTE (DTE Energy) | |
|---|---|---|
| 1-year return | +6.5% | +1.7% |
| 5-year return | +75.6% | +33.3% |
| Volatility (ann.) | 17.2% | 17.1% |
| Beta vs S&P 500 | 0.12 | 0.07 |
| Max drawdown (3Y) | -18.1% | -12.4% |
| Market cap | $25.9B | $28.3B |
| P/E (trailing) | 23.5 | 21.8 |
| Dividend yield | 2.27% | 3.39% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | CNP | DTE |
|---|---|---|
| 2022 | +10.0% | +1.2% |
| 2023 | -2.1% | -2.8% |
| 2024 | +14.3% | +13.5% |
| 2025 | +23.7% | +10.4% |
| 2026 | +4.2% | +7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNP and DTE good diversifiers for each other?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CNP and DTE?
As of 2026-08-27, the correlation of weekly returns between CNP and DTE is 0.66 over 3 years, 0.91 over 1 year and 0.76 over 5 years.
Is DTE a good diversifier for CNP?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.66 mean?
A reading of 0.66 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/cnp-vs-dte.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cnp-vs-dte/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CNP correlations · DTE correlations
