D vs ERH: Correlation
Measured on weekly returns over the past three years, Dominion Energy (D) and Allspring Utilities and High Income Fund (ERH) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are D and ERH?
Across a 3-year window, the weekly returns of D and ERH correlate at 0.63, strong. The past 12 months show a weaker link (0.49) than the 3-year average (0.63). Stretching to 5 years gives 0.62, with an annualized covariance of 192.9 %².
By 3-year correlation, ERH places #15 of the 31 assets tracked against D. On 12-month performance D holds a 11.9-point edge, +15.1% against +3.2%.
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 ERH: side by side
| D (Dominion Energy) | ERH (Allspring Utilities and High Income Fund) | |
|---|---|---|
| 1-year return | +15.1% | +3.2% |
| 5-year return | +6.1% | +17.1% |
| Volatility (ann.) | 20.5% | 14.9% |
| Beta vs S&P 500 | 0.18 | 0.33 |
| Max drawdown (3Y) | -19.1% | -16.2% |
| Market cap | $58.5B | – |
| P/E (trailing) | 23.2 | 4.6 |
| Dividend yield | 3.99% | 8.46% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | D | ERH |
|---|---|---|
| 2022 | -19.1% | -18.4% |
| 2023 | -19.1% | -10.5% |
| 2024 | +20.4% | +25.7% |
| 2025 | +14.0% | +19.8% |
| 2026 | +15.9% | +2.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are D and ERH good diversifiers for each other?
To a limited degree. At 0.63 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 D and ERH?
Using weekly returns as of 2026-08-27: 0.63 over 3 years, with 0.49 over the last year and 0.62 over 5 years.
Is ERH a good diversifier for D?
To a limited degree. At 0.63 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 0.63 mean?
On the −1 to +1 scale, 0.63 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-erh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/d-vs-erh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: D correlations · ERH correlations
