DTE vs ED: Correlation
How closely do DTE Energy (DTE) and Consolidated Edison (ED) trade together? Their weekly returns over three years give a correlation of 0.73, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DTE and ED?
Across a 3-year window, the weekly returns of DTE and ED correlate at 0.73, strong. The relationship has been stable: the 1-year correlation (0.83) sits close to the 3-year figure. Stretching to 5 years gives 0.79, with an annualized covariance of 207.2 %².
By 3-year correlation, ED places #14 of the 44 assets tracked against DTE. On 12-month performance ED holds a 8.5-point edge, +1.7% against +10.2%. On a rolling one-year basis the correlation drifted between 0.52 and 0.83, 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 ED: side by side
| DTE (DTE Energy) | ED (Consolidated Edison) | |
|---|---|---|
| 1-year return | +1.7% | +10.2% |
| 5-year return | +33.3% | +67.5% |
| Volatility (ann.) | 17.1% | 16.5% |
| Beta vs S&P 500 | 0.07 | -0.21 |
| Max drawdown (3Y) | -12.4% | -17.4% |
| Market cap | $28.3B | $39.5B |
| P/E (trailing) | 21.8 | 17.5 |
| Dividend yield | 3.39% | 3.22% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | DTE | ED |
|---|---|---|
| 2022 | +1.2% | +15.7% |
| 2023 | -2.8% | -1.1% |
| 2024 | +13.5% | +1.5% |
| 2025 | +10.4% | +15.1% |
| 2026 | +7.3% | +10.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DTE and ED good diversifiers for each other?
Only partially. A correlation of 0.73 means DTE and ED share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between DTE and ED?
Using weekly returns as of 2026-08-27: 0.73 over 3 years, with 0.83 over the last year and 0.79 over 5 years.
Is ED a good diversifier for DTE?
Only partially. A correlation of 0.73 means DTE and ED share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.73 mean?
A reading of 0.73 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-ed.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dte-vs-ed/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DTE correlations · ED correlations
