DTE vs NI: Correlation
DTE Energy (DTE) and NiSource (NI) show a strong relationship: their 3-year correlation of weekly returns is 0.77.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DTE and NI?
Across a 3-year window, the weekly returns of DTE and NI correlate at 0.77, strong. Little has changed lately, as the 1-year reading of 0.81 lands near the 3-year figure. Stretching to 5 years gives 0.80, with an annualized covariance of 235.7 %².
Within DTE's tracked universe of 44 assets, NI comes in at #7 by 3-year correlation. Their 12-month results are close: +1.7% for DTE against -0.9% for NI. The rolling one-year correlation moved between 0.59 and 0.87 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 NI: side by side
| DTE (DTE Energy) | NI (NiSource) | |
|---|---|---|
| 1-year return | +1.7% | -0.9% |
| 5-year return | +33.3% | +94.6% |
| Volatility (ann.) | 17.1% | 17.8% |
| Beta vs S&P 500 | 0.07 | 0.26 |
| Max drawdown (3Y) | -12.4% | -16.7% |
| Market cap | $28.3B | $19.6B |
| P/E (trailing) | 21.8 | 21.9 |
| Dividend yield | 3.39% | 1.41% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | DTE | NI |
|---|---|---|
| 2022 | +1.2% | +2.7% |
| 2023 | -2.8% | +0.5% |
| 2024 | +13.5% | +43.5% |
| 2025 | +10.4% | +16.8% |
| 2026 | +7.3% | +0.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DTE and NI good diversifiers for each other?
To a limited degree. At 0.77 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 NI?
The DTE/NI correlation stands at 0.77 on a 3-year window (1 year: 0.81, 5 years: 0.80), computed from weekly returns as of 2026-08-27.
Is NI a good diversifier for DTE?
To a limited degree. At 0.77 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 0.77 mean?
A reading of 0.77 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-ni.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dte-vs-ni/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DTE correlations · NI correlations
