D vs DTE: Correlation
Measured on weekly returns over the past three years, Dominion Energy (D) and DTE Energy (DTE) carry a correlation of 0.71, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are D and DTE?
Across a 3-year window, the weekly returns of D and DTE correlate at 0.71, strong. Little has changed lately, as the 1-year reading of 0.72 lands near the 3-year figure. Stretching to 5 years gives 0.74, with an annualized covariance of 247.8 %².
In D's tracked universe of 31 assets, DTE sits right near the top at #2. On 12-month performance D holds a 13.4-point edge, +15.1% against +1.7%. Stability stands out here, with the rolling one-year correlation confined to 0.57 through 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.
D vs DTE: side by side
| D (Dominion Energy) | DTE (DTE Energy) | |
|---|---|---|
| 1-year return | +15.1% | +1.7% |
| 5-year return | +6.1% | +33.3% |
| Volatility (ann.) | 20.5% | 17.1% |
| Beta vs S&P 500 | 0.18 | 0.07 |
| Max drawdown (3Y) | -19.1% | -12.4% |
| Market cap | $58.5B | $28.3B |
| P/E (trailing) | 23.2 | 21.8 |
| Dividend yield | 3.99% | 3.39% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | D | DTE |
|---|---|---|
| 2022 | -19.1% | +1.2% |
| 2023 | -19.1% | -2.8% |
| 2024 | +20.4% | +13.5% |
| 2025 | +14.0% | +10.4% |
| 2026 | +15.9% | +7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are D and DTE good diversifiers for each other?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between D and DTE?
As of 2026-08-27, the correlation of weekly returns between D and DTE is 0.71 over 3 years, 0.72 over 1 year and 0.74 over 5 years.
Is DTE a good diversifier for D?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.71 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/d-vs-dte.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/d-vs-dte/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: D correlations · DTE correlations
