DTE vs FE: Correlation
How closely do DTE Energy (DTE) and FirstEnergy (FE) trade together? Their weekly returns over three years give a correlation of 0.72, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DTE and FE?
Over the past 3 years, DTE and FE moved with a correlation of 0.72, which is strong. Recent behaviour matches the longer record: 0.82 over 1 year against 0.72 over 3. Over 5 years the correlation is 0.77, and the annualized covariance of weekly returns is 214.9 %².
By 3-year correlation, FE places #16 of the 44 assets tracked against DTE. Over the last 12 months FE came out ahead by 8.2 percentage points (+1.7% against +9.9%). On a rolling one-year basis the correlation drifted between 0.45 and 0.84, 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 FE: side by side
| DTE (DTE Energy) | FE (FirstEnergy) | |
|---|---|---|
| 1-year return | +1.7% | +9.9% |
| 5-year return | +33.3% | +46.7% |
| Volatility (ann.) | 17.1% | 17.6% |
| Beta vs S&P 500 | 0.07 | 0.04 |
| Max drawdown (3Y) | -12.4% | -14.7% |
| Market cap | $28.3B | $26.8B |
| P/E (trailing) | 21.8 | 25.0 |
| Dividend yield | 3.39% | 3.85% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | DTE | FE |
|---|---|---|
| 2022 | +1.2% | +4.8% |
| 2023 | -2.8% | -8.9% |
| 2024 | +13.5% | +13.2% |
| 2025 | +10.4% | +17.3% |
| 2026 | +7.3% | +6.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DTE and FE good diversifiers for each other?
To a limited degree. At 0.72 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 FE?
The DTE/FE correlation stands at 0.72 on a 3-year window (1 year: 0.82, 5 years: 0.77), computed from weekly returns as of 2026-08-27.
Is FE a good diversifier for DTE?
To a limited degree. At 0.72 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 0.72 mean?
A reading of 0.72 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: DTE correlations · FE correlations
