DTE vs XLU: Correlation
DTE Energy (DTE) and Utilities Select Sector SPDR Fund (XLU) show a very strong relationship: their 3-year correlation of weekly returns is 0.83.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DTE and XLU?
Over the past 3 years, DTE and XLU moved with a correlation of 0.83, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.89 over 1 year against 0.83 over 3. Over 5 years the correlation is 0.87, and the annualized covariance of weekly returns is 223.7 %².
Few assets follow DTE as closely as XLU, which ranks #3 of 44 tracked partners. Neither side won the trailing year by much: +1.7% against +4.1%. On a rolling one-year basis the correlation drifted between 0.62 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 XLU: side by side
| DTE (DTE Energy) | XLU (Utilities Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +1.7% | +4.1% |
| 5-year return | +33.3% | +46.3% |
| Volatility (ann.) | 17.1% | 15.8% |
| Beta vs S&P 500 | 0.07 | 0.26 |
| Max drawdown (3Y) | -12.4% | -13.1% |
| Market cap | $28.3B | – |
| P/E (trailing) | 21.8 | – |
| Dividend yield | 3.39% | 2.70% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $23.1B |
| Sector / category | Utilities | Sector ETF |
XLU is an Utilities fund from State Street Investment Management: $23.1B under management, 31 holdings, a 0.08% expense ratio, a 2.70% trailing dividend yield.
Year-by-year returns
| Year | DTE | XLU |
|---|---|---|
| 2022 | +1.2% | +1.4% |
| 2023 | -2.8% | -7.2% |
| 2024 | +13.5% | +23.3% |
| 2025 | +10.4% | +16.0% |
| 2026 | +7.3% | +2.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
DTE represents 2.11% of XLU's portfolio, so part of any move in XLU is DTE itself, and the correlation between them is partly mechanical.
Are DTE and XLU good diversifiers for each other?
No. With a correlation of 0.83, DTE and XLU move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between DTE and XLU?
As of 2026-08-27, the correlation of weekly returns between DTE and XLU is 0.83 over 3 years, 0.89 over 1 year and 0.87 over 5 years.
Is XLU a good diversifier for DTE?
No. With a correlation of 0.83, DTE and XLU move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.83 mean?
A reading of 0.83 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-xlu.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dte-vs-xlu/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DTE correlations · XLU correlations
