DTE vs VERX: Correlation
Measured on weekly returns over the past three years, DTE Energy (DTE) and Vertex, Inc. (VERX) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DTE and VERX?
Over the past 3 years, DTE and VERX moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.23) sits close to the 3-year figure. Over 5 years the correlation is -0.06, and the annualized covariance of weekly returns is -192.1 %².
Within DTE's tracked universe of 44 assets, VERX comes in at #36 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DTE outperformed by 45.1 percentage points (+1.7% for DTE against -43.4% for VERX). Note the risk asymmetry: VERX runs 3.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 VERX: side by side
| DTE (DTE Energy) | VERX (Vertex, Inc.) | |
|---|---|---|
| 1-year return | +1.7% | -43.4% |
| 5-year return | +33.3% | -33.8% |
| Volatility (ann.) | 17.1% | 53.5% |
| Beta vs S&P 500 | 0.07 | 0.99 |
| Max drawdown (3Y) | -12.4% | -82.1% |
| Market cap | $28.3B | $2.3B |
| P/E (trailing) | 21.8 | 715.0 |
| Dividend yield | 3.39% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | DTE | VERX |
|---|---|---|
| 2022 | +1.2% | -8.6% |
| 2023 | -2.8% | +85.7% |
| 2024 | +13.5% | +98.0% |
| 2025 | +10.4% | -62.6% |
| 2026 | +7.3% | -28.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DTE and VERX good diversifiers for each other?
Yes. With a correlation of -0.21, DTE and VERX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DTE and VERX?
As of 2026-08-27, the correlation of weekly returns between DTE and VERX is -0.21 over 3 years, -0.23 over 1 year and -0.06 over 5 years.
Is VERX a good diversifier for DTE?
Yes. With a correlation of -0.21, DTE and VERX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
A reading of -0.21 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-verx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dte-vs-verx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DTE correlations · VERX correlations
