DTE vs DUK: Correlation
DTE Energy (DTE) and Duke Energy (DUK) show a strong relationship: their 3-year correlation of weekly returns is 0.76.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DTE and DUK?
Over the past 3 years, DTE and DUK moved with a correlation of 0.76, which is strong. The past 12 months show a tighter link (0.87) than the 3-year average (0.76). Over 5 years the correlation is 0.83, and the annualized covariance of weekly returns is 207.2 %².
Among the 44 assets we track against DTE, DUK ranks #8 by 3-year correlation. Twelve-month performance is nearly a tie, at +1.7% for DTE and +1.1% for DUK. On a rolling one-year basis the correlation drifted between 0.49 and 0.88, a moderate band.
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.
DTE vs DUK: side by side
| DTE (DTE Energy) | DUK (Duke Energy) | |
|---|---|---|
| 1-year return | +1.7% | +1.1% |
| 5-year return | +33.3% | +39.8% |
| Volatility (ann.) | 17.1% | 15.9% |
| Beta vs S&P 500 | 0.07 | -0.09 |
| Max drawdown (3Y) | -12.4% | -11.6% |
| Market cap | $28.3B | $94.2B |
| P/E (trailing) | 21.8 | 18.3 |
| Dividend yield | 3.39% | 3.49% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | DTE | DUK |
|---|---|---|
| 2022 | +1.2% | +2.0% |
| 2023 | -2.8% | -1.6% |
| 2024 | +13.5% | +15.6% |
| 2025 | +10.4% | +12.7% |
| 2026 | +7.3% | +5.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DTE and DUK good diversifiers for each other?
To a limited degree. At 0.76 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 DTE and DUK?
As of 2026-08-27, the correlation of weekly returns between DTE and DUK is 0.76 over 3 years, 0.87 over 1 year and 0.83 over 5 years.
Is DUK a good diversifier for DTE?
To a limited degree. At 0.76 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 0.76 mean?
A reading of 0.76 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dte-vs-duk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dte-vs-duk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DTE correlations · DUK correlations
