DTE vs FRNM: Correlation
DTE Energy (DTE) and Freenome, Inc. (FRNM) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DTE and FRNM?
Over the past 3 years, DTE and FRNM moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.32 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -81.8 %².
Among the 44 assets we track against DTE, FRNM sits near the bottom by co-movement, at rank #40. Their recent paths diverged sharply: over the last 12 months FRNM outperformed by 30.6 percentage points (+1.7% for DTE against +32.3% for FRNM).
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 FRNM: side by side
| DTE (DTE Energy) | FRNM (Freenome, Inc.) | |
|---|---|---|
| 1-year return | +1.7% | +32.3% |
| 5-year return | +33.3% | n/a |
| Volatility (ann.) | 17.1% | 21.1% |
| Beta vs S&P 500 | 0.07 | 0.03 |
| Max drawdown (3Y) | -12.4% | -29.6% |
| Market cap | $28.3B | $1.5B |
| P/E (trailing) | 21.8 | – |
| Dividend yield | 3.39% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | DTE | FRNM |
|---|---|---|
| 2022 | +1.2% | – |
| 2023 | -2.8% | – |
| 2024 | +13.5% | – |
| 2025 | +10.4% | +28.0% |
| 2026 | +7.3% | +7.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DTE and FRNM good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between DTE and FRNM?
The DTE/FRNM correlation stands at -0.24 on a 3-year window (1 year: -0.32, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is FRNM a good diversifier for DTE?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
A reading of -0.24 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-frnm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dte-vs-frnm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DTE correlations · FRNM correlations
