D vs DUK: Correlation
Dominion Energy (D) and Duke Energy (DUK) show a strong relationship: their 3-year correlation of weekly returns is 0.67.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are D and DUK?
Across a 3-year window, the weekly returns of D and DUK correlate at 0.67, strong. The relationship has been stable: the 1-year correlation (0.65) sits close to the 3-year figure. Stretching to 5 years gives 0.73, with an annualized covariance of 219.4 %².
Within D's tracked universe of 31 assets, DUK comes in at #5 by 3-year correlation. Over the last 12 months D came out ahead by 14.0 percentage points (+15.1% against +1.1%). Across three years, the rolling one-year figure varied moderately, from 0.52 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.
D vs DUK: side by side
| D (Dominion Energy) | DUK (Duke Energy) | |
|---|---|---|
| 1-year return | +15.1% | +1.1% |
| 5-year return | +6.1% | +39.8% |
| Volatility (ann.) | 20.5% | 15.9% |
| Beta vs S&P 500 | 0.18 | -0.09 |
| Max drawdown (3Y) | -19.1% | -11.6% |
| Market cap | $58.5B | $94.2B |
| P/E (trailing) | 23.2 | 18.3 |
| Dividend yield | 3.99% | 3.49% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | D | DUK |
|---|---|---|
| 2022 | -19.1% | +2.0% |
| 2023 | -19.1% | -1.6% |
| 2024 | +20.4% | +15.6% |
| 2025 | +14.0% | +12.7% |
| 2026 | +15.9% | +5.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are D and DUK good diversifiers for each other?
Only partially. A correlation of 0.67 means D and DUK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between D and DUK?
The D/DUK correlation stands at 0.67 on a 3-year window (1 year: 0.65, 5 years: 0.73), computed from weekly returns as of 2026-08-27.
Is DUK a good diversifier for D?
Only partially. A correlation of 0.67 means D and DUK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.67 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-duk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/d-vs-duk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: D correlations · DUK correlations
