DTE vs WEC: Correlation
DTE Energy (DTE) and WEC Energy Group (WEC) show a very strong relationship: their 3-year correlation of weekly returns is 0.81.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DTE and WEC?
Across a 3-year window, the weekly returns of DTE and WEC correlate at 0.81, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.91 over 1 year against 0.81 over 3. Stretching to 5 years gives 0.85, with an annualized covariance of 233.8 %².
By 3-year correlation, WEC places #4 of the 44 assets tracked against DTE. Their 12-month results are close: +1.7% for DTE against +2.1% for WEC. On a rolling one-year basis the correlation drifted between 0.66 and 0.92, 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 WEC: side by side
| DTE (DTE Energy) | WEC (WEC Energy Group) | |
|---|---|---|
| 1-year return | +1.7% | +2.1% |
| 5-year return | +33.3% | +32.7% |
| Volatility (ann.) | 17.1% | 16.9% |
| Beta vs S&P 500 | 0.07 | 0.02 |
| Max drawdown (3Y) | -12.4% | -11.6% |
| Market cap | $28.3B | $34.6B |
| P/E (trailing) | 21.8 | 20.6 |
| Dividend yield | 3.39% | 3.43% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | DTE | WEC |
|---|---|---|
| 2022 | +1.2% | -0.5% |
| 2023 | -2.8% | -7.0% |
| 2024 | +13.5% | +16.1% |
| 2025 | +10.4% | +16.0% |
| 2026 | +7.3% | +3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DTE and WEC good diversifiers for each other?
No. With a correlation of 0.81, DTE and WEC move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between DTE and WEC?
Using weekly returns as of 2026-08-27: 0.81 over 3 years, with 0.91 over the last year and 0.85 over 5 years.
Is WEC a good diversifier for DTE?
No. With a correlation of 0.81, DTE and WEC move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.81 mean?
A reading of 0.81 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-wec.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dte-vs-wec/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DTE correlations · WEC correlations
