D vs WEC: Correlation
How closely do Dominion Energy (D) and WEC Energy Group (WEC) trade together? Their weekly returns over three years give a correlation of 0.65, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are D and WEC?
Over the past 3 years, D and WEC moved with a correlation of 0.65, which is strong. The relationship has been stable: the 1-year correlation (0.69) sits close to the 3-year figure. Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 224.4 %².
Among the 31 assets we track against D, WEC ranks #11 by 3-year correlation. Over the last 12 months D came out ahead by 13.0 percentage points (+15.1% against +2.1%). The link looks structural: the rolling one-year correlation barely moved, holding between 0.56 and 0.76.
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 WEC: side by side
| D (Dominion Energy) | WEC (WEC Energy Group) | |
|---|---|---|
| 1-year return | +15.1% | +2.1% |
| 5-year return | +6.1% | +32.7% |
| Volatility (ann.) | 20.5% | 16.9% |
| Beta vs S&P 500 | 0.18 | 0.02 |
| Max drawdown (3Y) | -19.1% | -11.6% |
| Market cap | $58.5B | $34.6B |
| P/E (trailing) | 23.2 | 20.6 |
| Dividend yield | 3.99% | 3.43% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | D | WEC |
|---|---|---|
| 2022 | -19.1% | -0.5% |
| 2023 | -19.1% | -7.0% |
| 2024 | +20.4% | +16.1% |
| 2025 | +14.0% | +16.0% |
| 2026 | +15.9% | +3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are D and WEC good diversifiers for each other?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between D and WEC?
The D/WEC correlation stands at 0.65 on a 3-year window (1 year: 0.69, 5 years: 0.70), computed from weekly returns as of 2026-08-27.
Is WEC a good diversifier for D?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.65 mean?
A reading of 0.65 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: D correlations · WEC correlations
