ETR vs MSFT: Correlation
Measured on weekly returns over the past three years, Entergy (ETR) and Microsoft (MSFT) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ETR and MSFT?
Over the past 3 years, ETR and MSFT moved with a correlation of -0.20, which is 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 (-0.20). Over 5 years the correlation is 0.04, and the annualized covariance of weekly returns is -107.8 %².
Among the 38 assets we track against ETR, MSFT ranks #32 by 3-year correlation. The last year tells two different stories: ETR led by 21.4 percentage points, +21.9% for ETR against +0.5% for MSFT. The relationship is regime-dependent: the rolling one-year correlation swung between -0.48 and 0.33 over the past three years, so this pair behaves very differently depending on the market environment.
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 MSFT: side by side
| ETR (Entergy) | MSFT (Microsoft) | |
|---|---|---|
| 1-year return | +21.9% | +0.5% |
| 5-year return | +132.0% | +73.3% |
| Volatility (ann.) | 19.7% | 27.5% |
| Beta vs S&P 500 | 0.22 | 1.12 |
| Max drawdown (3Y) | -10.6% | -34.5% |
| Market cap | $49.7B | $3,750.3B |
| P/E (trailing) | 27.2 | 28.1 |
| Dividend yield | 2.35% | 0.73% |
| Sector / category | Utilities | Information Technology |
Year-by-year returns
| Year | ETR | MSFT |
|---|---|---|
| 2022 | +3.6% | -28.0% |
| 2023 | -6.1% | +58.2% |
| 2024 | +56.0% | +12.9% |
| 2025 | +25.3% | +15.6% |
| 2026 | +17.3% | +5.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ETR and MSFT good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between ETR and MSFT?
The ETR/MSFT correlation stands at -0.20 on a 3-year window (1 year: -0.37, 5 years: 0.04), computed from weekly returns as of 2026-08-27.
Is MSFT a good diversifier for ETR?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/etr-vs-msft.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/etr-vs-msft/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ETR correlations · MSFT correlations
