ETR vs IPW: Correlation
Entergy (ETR) and iPower Inc. (IPW) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ETR and IPW?
Across a 3-year window, the weekly returns of ETR and IPW correlate at -0.19, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.37) runs below the 3-year figure (-0.19). Stretching to 5 years gives -0.12, with an annualized covariance of -1509.3 %².
By 3-year correlation, IPW places #31 of the 38 assets tracked against ETR. Correlation aside, the last 12 months split them widely, with ETR ahead by 120.5 points (+21.9% versus -98.6%). One caveat on sizing: IPW is 20.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ETR vs IPW: side by side
| ETR (Entergy) | IPW (iPower Inc.) | |
|---|---|---|
| 1-year return | +21.9% | -98.6% |
| 5-year return | +132.0% | -99.8% |
| Volatility (ann.) | 19.7% | 405.9% |
| Beta vs S&P 500 | 0.22 | 2.99 |
| Max drawdown (3Y) | -10.6% | -100.0% |
| Market cap | $49.7B | – |
| P/E (trailing) | 27.2 | – |
| Dividend yield | 2.35% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | ETR | IPW |
|---|---|---|
| 2022 | +3.6% | -83.2% |
| 2023 | -6.1% | +12.5% |
| 2024 | +56.0% | +85.1% |
| 2025 | +25.3% | -70.1% |
| 2026 | +17.3% | -96.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ETR and IPW good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ETR and IPW?
The ETR/IPW correlation stands at -0.19 on a 3-year window (1 year: -0.37, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is IPW a good diversifier for ETR?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/etr-vs-ipw.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/etr-vs-ipw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ETR correlations · IPW correlations
