D vs ETR: Correlation
Measured on weekly returns over the past three years, Dominion Energy (D) and Entergy (ETR) carry a correlation of 0.64, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are D and ETR?
On 3 years of weekly data the D/ETR correlation comes out at 0.64, strong. Little has changed lately, as the 1-year reading of 0.65 lands near the 3-year figure. The 5-year figure is 0.66, and annualized covariance runs at 259.4 %².
By 3-year correlation, ETR places #12 of the 31 assets tracked against D. On 12-month performance ETR holds a 6.8-point edge, +15.1% against +21.9%. The rolling one-year correlation moved between 0.46 and 0.81 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 ETR: side by side
| D (Dominion Energy) | ETR (Entergy) | |
|---|---|---|
| 1-year return | +15.1% | +21.9% |
| 5-year return | +6.1% | +132.0% |
| Volatility (ann.) | 20.5% | 19.7% |
| Beta vs S&P 500 | 0.18 | 0.22 |
| Max drawdown (3Y) | -19.1% | -10.6% |
| Market cap | $58.5B | $49.7B |
| P/E (trailing) | 23.2 | 27.2 |
| Dividend yield | 3.99% | 2.35% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | D | ETR |
|---|---|---|
| 2022 | -19.1% | +3.6% |
| 2023 | -19.1% | -6.1% |
| 2024 | +20.4% | +56.0% |
| 2025 | +14.0% | +25.3% |
| 2026 | +15.9% | +17.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are D and ETR good diversifiers for each other?
To a limited degree. At 0.64 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 ETR?
As of 2026-08-27, the correlation of weekly returns between D and ETR is 0.64 over 3 years, 0.65 over 1 year and 0.66 over 5 years.
Is ETR a good diversifier for D?
To a limited degree. At 0.64 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 0.64 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-etr.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: D correlations · ETR correlations
