DTE vs SRE: Correlation
Measured on weekly returns over the past three years, DTE Energy (DTE) and Sempra (SRE) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DTE and SRE?
Across a 3-year window, the weekly returns of DTE and SRE correlate at 0.58, moderate. The past 12 months show a tighter link (0.75) than the 3-year average (0.58). Stretching to 5 years gives 0.67, with an annualized covariance of 235.3 %².
Among the 44 assets we track against DTE, SRE ranks #26 by 3-year correlation. Neither side won the trailing year by much: +1.7% against +6.0%. This link changes with the market regime, having swung between 0.30 and 0.84 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 SRE: side by side
| DTE (DTE Energy) | SRE (Sempra) | |
|---|---|---|
| 1-year return | +1.7% | +6.0% |
| 5-year return | +33.3% | +50.4% |
| Volatility (ann.) | 17.1% | 23.9% |
| Beta vs S&P 500 | 0.07 | 0.38 |
| Max drawdown (3Y) | -12.4% | -31.6% |
| Market cap | $28.3B | $55.4B |
| P/E (trailing) | 21.8 | 24.7 |
| Dividend yield | 3.39% | 3.06% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | DTE | SRE |
|---|---|---|
| 2022 | +1.2% | +20.3% |
| 2023 | -2.8% | -0.1% |
| 2024 | +13.5% | +21.1% |
| 2025 | +10.4% | +3.9% |
| 2026 | +7.3% | -2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DTE and SRE good diversifiers for each other?
Only partially. A correlation of 0.58 means DTE and SRE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between DTE and SRE?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.75 over the last year and 0.67 over 5 years.
Is SRE a good diversifier for DTE?
Only partially. A correlation of 0.58 means DTE and SRE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 mean?
A reading of 0.58 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-sre.json
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Related comparisons
Hubs: DTE correlations · SRE correlations
