D vs EIX: Correlation
How closely do Dominion Energy (D) and Edison International (EIX) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are D and EIX?
On 3 years of weekly data the D/EIX correlation comes out at 0.49, moderate. Recent behaviour matches the longer record: 0.56 over 1 year against 0.49 over 3. The 5-year figure is 0.56, and annualized covariance runs at 261.3 %².
Among the 31 assets we track against D, EIX ranks #18 by 3-year correlation. Correlation aside, the last 12 months split them widely, with EIX ahead by 25.3 points (+15.1% versus +40.4%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.16 to 0.78.
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 EIX: side by side
| D (Dominion Energy) | EIX (Edison International) | |
|---|---|---|
| 1-year return | +15.1% | +40.4% |
| 5-year return | +6.1% | +62.2% |
| Volatility (ann.) | 20.5% | 26.0% |
| Beta vs S&P 500 | 0.18 | 0.24 |
| Max drawdown (3Y) | -19.1% | -43.9% |
| Market cap | $58.5B | $28.4B |
| P/E (trailing) | 23.2 | 7.7 |
| Dividend yield | 3.99% | 4.64% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | D | EIX |
|---|---|---|
| 2022 | -19.1% | -2.6% |
| 2023 | -19.1% | +17.4% |
| 2024 | +20.4% | +15.2% |
| 2025 | +14.0% | -20.4% |
| 2026 | +15.9% | +27.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are D and EIX good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between D and EIX?
The D/EIX correlation stands at 0.49 on a 3-year window (1 year: 0.56, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is EIX a good diversifier for D?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/d-vs-eix.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: D correlations · EIX correlations
