DTE vs ETR: Correlation
DTE Energy (DTE) and Entergy (ETR) show a strong relationship: their 3-year correlation of weekly returns is 0.69.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DTE and ETR?
Across a 3-year window, the weekly returns of DTE and ETR correlate at 0.69, strong. The past 12 months show a tighter link (0.79) than the 3-year average (0.69). Stretching to 5 years gives 0.74, with an annualized covariance of 233.1 %².
By 3-year correlation, ETR places #20 of the 44 assets tracked against DTE. Correlation aside, the last 12 months split them widely, with ETR ahead by 20.2 points (+1.7% versus +21.9%). The rolling one-year correlation moved between 0.39 and 0.85 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.
DTE vs ETR: side by side
| DTE (DTE Energy) | ETR (Entergy) | |
|---|---|---|
| 1-year return | +1.7% | +21.9% |
| 5-year return | +33.3% | +132.0% |
| Volatility (ann.) | 17.1% | 19.7% |
| Beta vs S&P 500 | 0.07 | 0.22 |
| Max drawdown (3Y) | -12.4% | -10.6% |
| Market cap | $28.3B | $49.7B |
| P/E (trailing) | 21.8 | 27.2 |
| Dividend yield | 3.39% | 2.35% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | DTE | ETR |
|---|---|---|
| 2022 | +1.2% | +3.6% |
| 2023 | -2.8% | -6.1% |
| 2024 | +13.5% | +56.0% |
| 2025 | +10.4% | +25.3% |
| 2026 | +7.3% | +17.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DTE and ETR good diversifiers for each other?
Only partially. A correlation of 0.69 means DTE and ETR 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 ETR?
The DTE/ETR correlation stands at 0.69 on a 3-year window (1 year: 0.79, 5 years: 0.74), computed from weekly returns as of 2026-08-27.
Is ETR a good diversifier for DTE?
Only partially. A correlation of 0.69 means DTE and ETR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.69 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.
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Related comparisons
Hubs: DTE correlations · ETR correlations
