DUK vs FE: Correlation
Measured on weekly returns over the past three years, Duke Energy (DUK) and FirstEnergy (FE) carry a correlation of 0.72, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DUK and FE?
Across a 3-year window, the weekly returns of DUK and FE correlate at 0.72, strong. The link has tightened recently: the 1-year correlation (0.83) runs above the 3-year figure (0.72). Stretching to 5 years gives 0.77, with an annualized covariance of 200.6 %².
Within DUK's tracked universe of 53 assets, FE comes in at #14 by 3-year correlation. The trailing year gives FE the advantage: +1.1% versus +9.9%, a 8.8-point spread. Across three years, the rolling one-year figure varied moderately, from 0.56 to 0.83.
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.
DUK vs FE: side by side
| DUK (Duke Energy) | FE (FirstEnergy) | |
|---|---|---|
| 1-year return | +1.1% | +9.9% |
| 5-year return | +39.8% | +46.7% |
| Volatility (ann.) | 15.9% | 17.6% |
| Beta vs S&P 500 | -0.09 | 0.04 |
| Max drawdown (3Y) | -11.6% | -14.7% |
| Market cap | $94.2B | $26.8B |
| P/E (trailing) | 18.3 | 25.0 |
| Dividend yield | 3.49% | 3.85% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | DUK | FE |
|---|---|---|
| 2022 | +2.0% | +4.8% |
| 2023 | -1.6% | -8.9% |
| 2024 | +15.6% | +13.2% |
| 2025 | +12.7% | +17.3% |
| 2026 | +5.8% | +6.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DUK and FE good diversifiers for each other?
To a limited degree. At 0.72 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between DUK and FE?
The DUK/FE correlation stands at 0.72 on a 3-year window (1 year: 0.83, 5 years: 0.77), computed from weekly returns as of 2026-08-27.
Is FE a good diversifier for DUK?
To a limited degree. At 0.72 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.72 mean?
A reading of 0.72 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
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Related comparisons
Hubs: DUK correlations · FE correlations
