DTE vs PEG: Correlation
DTE Energy (DTE) and Public Service Enterprise Group (PEG) show a strong relationship: their 3-year correlation of weekly returns is 0.64.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DTE and PEG?
Across a 3-year window, the weekly returns of DTE and PEG correlate at 0.64, strong. Lately the two have moved closer together, with the 1-year correlation at 0.77 versus 0.64 over 3 years. Stretching to 5 years gives 0.73, with an annualized covariance of 208.3 %².
By 3-year correlation, PEG places #22 of the 44 assets tracked against DTE. Over the last 12 months DTE came out ahead by 10.3 percentage points (+1.7% against -8.6%). On a rolling one-year basis the correlation drifted between 0.41 and 0.85, a moderate band.
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 PEG: side by side
| DTE (DTE Energy) | PEG (Public Service Enterprise Group) | |
|---|---|---|
| 1-year return | +1.7% | -8.6% |
| 5-year return | +33.3% | +34.9% |
| Volatility (ann.) | 17.1% | 18.9% |
| Beta vs S&P 500 | 0.07 | 0.25 |
| Max drawdown (3Y) | -12.4% | -18.8% |
| Market cap | $28.3B | $36.5B |
| P/E (trailing) | 21.8 | 18.4 |
| Dividend yield | 3.39% | 3.51% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | DTE | PEG |
|---|---|---|
| 2022 | +1.2% | -5.1% |
| 2023 | -2.8% | +3.6% |
| 2024 | +13.5% | +42.6% |
| 2025 | +10.4% | -1.9% |
| 2026 | +7.3% | -7.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DTE and PEG good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DTE and PEG?
The DTE/PEG correlation stands at 0.64 on a 3-year window (1 year: 0.77, 5 years: 0.73), computed from weekly returns as of 2026-08-27.
Is PEG a good diversifier for DTE?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.64 mean?
A reading of 0.64 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-peg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dte-vs-peg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DTE correlations · PEG correlations
