DTE vs GOOG: Correlation
Measured on weekly returns over the past three years, DTE Energy (DTE) and Alphabet Inc. (Class C) (GOOG) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DTE and GOOG?
Over the past 3 years, DTE and GOOG moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.37 lands near the 3-year figure. Over 5 years the correlation is -0.07, and the annualized covariance of weekly returns is -140.8 %².
Among the 44 assets we track against DTE, GOOG sits near the bottom by co-movement, at rank #43. Their recent paths diverged sharply: over the last 12 months GOOG outperformed by 61.0 percentage points (+1.7% for DTE against +62.7% for GOOG). On a rolling one-year basis the correlation drifted between -0.39 and 0.07, a moderate band. Note the risk asymmetry: GOOG runs 1.8 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 GOOG: side by side
| DTE (DTE Energy) | GOOG (Alphabet Inc. (Class C)) | |
|---|---|---|
| 1-year return | +1.7% | +62.7% |
| 5-year return | +33.3% | +134.2% |
| Volatility (ann.) | 17.1% | 31.1% |
| Beta vs S&P 500 | 0.07 | 1.20 |
| Max drawdown (3Y) | -12.4% | -29.4% |
| Market cap | $28.3B | $4,130.2B |
| P/E (trailing) | 21.8 | 17.0 |
| Dividend yield | 3.39% | 0.25% |
| Sector / category | Utilities | Communication Services |
Year-by-year returns
| Year | DTE | GOOG |
|---|---|---|
| 2022 | +1.2% | -38.7% |
| 2023 | -2.8% | +58.8% |
| 2024 | +13.5% | +35.6% |
| 2025 | +10.4% | +65.4% |
| 2026 | +7.3% | +7.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DTE and GOOG good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between DTE and GOOG?
The DTE/GOOG correlation stands at -0.27 on a 3-year window (1 year: -0.37, 5 years: -0.07), computed from weekly returns as of 2026-08-27.
Is GOOG a good diversifier for DTE?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dte-vs-goog.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dte-vs-goog/)
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Related comparisons
Hubs: DTE correlations · GOOG correlations
