DTE vs GOOGL: Correlation
How closely do DTE Energy (DTE) and Alphabet Inc. (Class A) (GOOGL) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DTE and GOOGL?
On 3 years of weekly data the DTE/GOOGL correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.36 over 1 year against -0.26 over 3. The 5-year figure is -0.06, and annualized covariance runs at -141.5 %².
Among the 44 assets we track against DTE, GOOGL sits near the bottom by co-movement, at rank #42. Correlation aside, the last 12 months split them widely, with GOOGL ahead by 63.0 points (+1.7% versus +64.7%). The rolling one-year correlation moved between -0.38 and 0.08 over the past three years, a moderate range. One caveat on sizing: GOOGL is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 GOOGL: side by side
| DTE (DTE Energy) | GOOGL (Alphabet Inc. (Class A)) | |
|---|---|---|
| 1-year return | +1.7% | +64.7% |
| 5-year return | +33.3% | +137.7% |
| Volatility (ann.) | 17.1% | 31.4% |
| Beta vs S&P 500 | 0.07 | 1.22 |
| Max drawdown (3Y) | -12.4% | -29.8% |
| Market cap | $28.3B | $4,166.1B |
| P/E (trailing) | 21.8 | 17.2 |
| Dividend yield | 3.39% | 0.25% |
| Sector / category | Utilities | Communication Services |
Year-by-year returns
| Year | DTE | GOOGL |
|---|---|---|
| 2022 | +1.2% | -39.1% |
| 2023 | -2.8% | +58.3% |
| 2024 | +13.5% | +36.0% |
| 2025 | +10.4% | +66.0% |
| 2026 | +7.3% | +9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DTE and GOOGL good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between DTE and GOOGL?
The DTE/GOOGL correlation stands at -0.26 on a 3-year window (1 year: -0.36, 5 years: -0.06), computed from weekly returns as of 2026-08-27.
Is GOOGL a good diversifier for DTE?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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-googl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dte-vs-googl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DTE correlations · GOOGL correlations
