ETR vs MO: Correlation
How closely do Entergy (ETR) and Altria (MO) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ETR and MO?
On 3 years of weekly data the ETR/MO correlation comes out at 0.46, moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.46 over 3. The 5-year figure is 0.41, and annualized covariance runs at 198.8 %².
Within ETR's tracked universe of 38 assets, MO comes in at #22 by 3-year correlation. The trailing year gives ETR the advantage: +21.9% versus +8.8%, a 13.1-point spread. On a rolling one-year basis the correlation drifted between 0.18 and 0.56, 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.
ETR vs MO: side by side
| ETR (Entergy) | MO (Altria) | |
|---|---|---|
| 1-year return | +21.9% | +8.8% |
| 5-year return | +132.0% | +100.4% |
| Volatility (ann.) | 19.7% | 21.8% |
| Beta vs S&P 500 | 0.22 | -0.07 |
| Max drawdown (3Y) | -10.6% | -16.4% |
| Market cap | $49.7B | $113.0B |
| P/E (trailing) | 27.2 | 14.6 |
| Dividend yield | 2.35% | 6.13% |
| Sector / category | Utilities | Consumer Staples |
Year-by-year returns
| Year | ETR | MO |
|---|---|---|
| 2022 | +3.6% | +4.4% |
| 2023 | -6.1% | -3.7% |
| 2024 | +56.0% | +40.8% |
| 2025 | +25.3% | +18.2% |
| 2026 | +17.3% | +21.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ETR and MO good diversifiers for each other?
Reasonably. At 0.46, ETR and MO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ETR and MO?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.48 over the last year and 0.41 over 5 years.
Is MO a good diversifier for ETR?
Reasonably. At 0.46, ETR and MO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
A reading of 0.46 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/etr-vs-mo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/etr-vs-mo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ETR correlations · MO correlations
