DTE vs PCG: Correlation
How closely do DTE Energy (DTE) and PG&E Corporation (PCG) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DTE and PCG?
Across a 3-year window, the weekly returns of DTE and PCG correlate at 0.51, moderate. Recent behaviour matches the longer record: 0.60 over 1 year against 0.51 over 3. Stretching to 5 years gives 0.40, with an annualized covariance of 216.2 %².
By 3-year correlation, PCG places #30 of the 44 assets tracked against DTE. Correlation aside, the last 12 months split them widely, with PCG ahead by 18.6 points (+1.7% versus +20.3%). This link changes with the market regime, having swung between 0.14 and 0.76 on a rolling one-year basis.
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 PCG: side by side
| DTE (DTE Energy) | PCG (PG&E Corporation) | |
|---|---|---|
| 1-year return | +1.7% | +20.3% |
| 5-year return | +33.3% | +102.7% |
| Volatility (ann.) | 17.1% | 24.7% |
| Beta vs S&P 500 | 0.07 | 0.24 |
| Max drawdown (3Y) | -12.4% | -39.6% |
| Market cap | $28.3B | $39.5B |
| P/E (trailing) | 21.8 | 12.9 |
| Dividend yield | 3.39% | 0.96% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | DTE | PCG |
|---|---|---|
| 2022 | +1.2% | +33.9% |
| 2023 | -2.8% | +10.9% |
| 2024 | +13.5% | +12.3% |
| 2025 | +10.4% | -19.7% |
| 2026 | +7.3% | +12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DTE and PCG good diversifiers for each other?
To a limited degree. At 0.51 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 PCG?
As of 2026-08-27, the correlation of weekly returns between DTE and PCG is 0.51 over 3 years, 0.60 over 1 year and 0.40 over 5 years.
Is PCG a good diversifier for DTE?
To a limited degree. At 0.51 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 0.51 mean?
A reading of 0.51 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-pcg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dte-vs-pcg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DTE correlations · PCG correlations
