D vs ES: Correlation
Dominion Energy (D) and Eversource Energy (ES) show a strong relationship: their 3-year correlation of weekly returns is 0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are D and ES?
Over the past 3 years, D and ES moved with a correlation of 0.61, which is strong. The past 12 months show a weaker link (0.49) than the 3-year average (0.61). Over 5 years the correlation is 0.67, and the annualized covariance of weekly returns is 288.9 %².
Within D's tracked universe of 31 assets, ES comes in at #16 by 3-year correlation. Their 12-month results are close: +15.1% for D against +14.5% for ES. The rolling one-year correlation moved between 0.35 and 0.76 over the past three years, a moderate range.
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 ES: side by side
| D (Dominion Energy) | ES (Eversource Energy) | |
|---|---|---|
| 1-year return | +15.1% | +14.5% |
| 5-year return | +6.1% | -5.0% |
| Volatility (ann.) | 20.5% | 22.9% |
| Beta vs S&P 500 | 0.18 | 0.20 |
| Max drawdown (3Y) | -19.1% | -18.8% |
| Market cap | $58.5B | $26.7B |
| P/E (trailing) | 23.2 | 18.6 |
| Dividend yield | 3.99% | 4.30% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | D | ES |
|---|---|---|
| 2022 | -19.1% | -5.1% |
| 2023 | -19.1% | -23.4% |
| 2024 | +20.4% | -2.5% |
| 2025 | +14.0% | +22.9% |
| 2026 | +15.9% | +7.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are D and ES good diversifiers for each other?
To a limited degree. At 0.61 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 ES?
As of 2026-08-27, the correlation of weekly returns between D and ES is 0.61 over 3 years, 0.49 over 1 year and 0.67 over 5 years.
Is ES a good diversifier for D?
To a limited degree. At 0.61 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 0.61 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-es.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/d-vs-es/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: D correlations · ES correlations
