CWEN vs DTE: Correlation
Clearway Energy, Inc. (CWEN) and DTE Energy (DTE) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CWEN and DTE?
Over the past 3 years, CWEN and DTE moved with a correlation of 0.52, which is moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.52 over 3. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 267.8 %².
Few assets follow CWEN as closely as DTE, which ranks #3 of 11 tracked partners. On 12-month performance CWEN holds a 13.0-point edge, +14.7% against +1.7%. Note the risk asymmetry: CWEN runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CWEN vs DTE: side by side
| CWEN (Clearway Energy, Inc.) | DTE (DTE Energy) | |
|---|---|---|
| 1-year return | +14.7% | +1.7% |
| 5-year return | +32.0% | +33.3% |
| Volatility (ann.) | 30.0% | 17.1% |
| Beta vs S&P 500 | 0.26 | 0.07 |
| Max drawdown (3Y) | -26.0% | -12.4% |
| Market cap | $8.0B | $28.3B |
| P/E (trailing) | 37.7 | 21.8 |
| Dividend yield | 5.62% | 3.39% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | CWEN | DTE |
|---|---|---|
| 2022 | -7.9% | +1.2% |
| 2023 | -8.9% | -2.8% |
| 2024 | +0.9% | +13.5% |
| 2025 | +35.5% | +10.4% |
| 2026 | -0.3% | +7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CWEN and DTE good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CWEN and DTE?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.43 over the last year and 0.52 over 5 years.
Is DTE a good diversifier for CWEN?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cwen-vs-dte.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cwen-vs-dte/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CWEN correlations · DTE correlations
