CNP vs ETR: Correlation
CenterPoint Energy (CNP) and Entergy (ETR) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNP and ETR?
On 3 years of weekly data the CNP/ETR correlation comes out at 0.59, moderate. The link has tightened recently: the 1-year correlation (0.77) runs above the 3-year figure (0.59). The 5-year figure is 0.64, and annualized covariance runs at 199.2 %².
Among the 28 assets we track against CNP, ETR ranks #12 by 3-year correlation. The last year tells two different stories: ETR led by 15.4 percentage points, +6.5% for CNP against +21.9% for ETR. The relationship is regime-dependent: the rolling one-year correlation swung between 0.23 and 0.85 over the past three years, so this pair behaves very differently depending on the market environment.
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 ETR: side by side
| CNP (CenterPoint Energy) | ETR (Entergy) | |
|---|---|---|
| 1-year return | +6.5% | +21.9% |
| 5-year return | +75.6% | +132.0% |
| Volatility (ann.) | 17.2% | 19.7% |
| Beta vs S&P 500 | 0.12 | 0.22 |
| Max drawdown (3Y) | -18.1% | -10.6% |
| Market cap | $25.9B | $49.7B |
| P/E (trailing) | 23.5 | 27.2 |
| Dividend yield | 2.27% | 2.35% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | CNP | ETR |
|---|---|---|
| 2022 | +10.0% | +3.6% |
| 2023 | -2.1% | -6.1% |
| 2024 | +14.3% | +56.0% |
| 2025 | +23.7% | +25.3% |
| 2026 | +4.2% | +17.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNP and ETR good diversifiers for each other?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CNP and ETR?
The CNP/ETR correlation stands at 0.59 on a 3-year window (1 year: 0.77, 5 years: 0.64), computed from weekly returns as of 2026-08-27.
Is ETR a good diversifier for CNP?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.59 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.
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Related comparisons
Hubs: CNP correlations · ETR correlations
