DTE vs EIX: Correlation
How closely do DTE Energy (DTE) and Edison International (EIX) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DTE and EIX?
Over the past 3 years, DTE and EIX moved with a correlation of 0.53, which is moderate. The relationship has been stable: the 1-year correlation (0.62) sits close to the 3-year figure. Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 234.4 %².
Among the 44 assets we track against DTE, EIX ranks #28 by 3-year correlation. Correlation aside, the last 12 months split them widely, with EIX ahead by 38.7 points (+1.7% versus +40.4%). The relationship is regime-dependent: the rolling one-year correlation swung between 0.16 and 0.82 over the past three years, so this pair behaves very differently depending on the market environment. Note the risk asymmetry: EIX runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 EIX: side by side
| DTE (DTE Energy) | EIX (Edison International) | |
|---|---|---|
| 1-year return | +1.7% | +40.4% |
| 5-year return | +33.3% | +62.2% |
| Volatility (ann.) | 17.1% | 26.0% |
| Beta vs S&P 500 | 0.07 | 0.24 |
| Max drawdown (3Y) | -12.4% | -43.9% |
| Market cap | $28.3B | $28.4B |
| P/E (trailing) | 21.8 | 7.7 |
| Dividend yield | 3.39% | 4.64% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | DTE | EIX |
|---|---|---|
| 2022 | +1.2% | -2.6% |
| 2023 | -2.8% | +17.4% |
| 2024 | +13.5% | +15.2% |
| 2025 | +10.4% | -20.4% |
| 2026 | +7.3% | +27.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DTE and EIX good diversifiers for each other?
Only partially. A correlation of 0.53 means DTE and EIX 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 EIX?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.62 over the last year and 0.62 over 5 years.
Is EIX a good diversifier for DTE?
Only partially. A correlation of 0.53 means DTE and EIX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
A reading of 0.53 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-eix.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dte-vs-eix/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DTE correlations · EIX correlations
