ETR vs WEC: Correlation
Measured on weekly returns over the past three years, Entergy (ETR) and WEC Energy Group (WEC) carry a correlation of 0.73, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ETR and WEC?
Across a 3-year window, the weekly returns of ETR and WEC correlate at 0.73, strong. Recent behaviour matches the longer record: 0.79 over 1 year against 0.73 over 3. Stretching to 5 years gives 0.77, with an annualized covariance of 244.1 %².
Among the 38 assets we track against ETR, WEC ranks #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ETR outperformed by 19.8 percentage points (+21.9% for ETR against +2.1% for WEC). Across three years, the rolling one-year figure varied moderately, from 0.52 to 0.84.
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 WEC: side by side
| ETR (Entergy) | WEC (WEC Energy Group) | |
|---|---|---|
| 1-year return | +21.9% | +2.1% |
| 5-year return | +132.0% | +32.7% |
| Volatility (ann.) | 19.7% | 16.9% |
| Beta vs S&P 500 | 0.22 | 0.02 |
| Max drawdown (3Y) | -10.6% | -11.6% |
| Market cap | $49.7B | $34.6B |
| P/E (trailing) | 27.2 | 20.6 |
| Dividend yield | 2.35% | 3.43% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | ETR | WEC |
|---|---|---|
| 2022 | +3.6% | -0.5% |
| 2023 | -6.1% | -7.0% |
| 2024 | +56.0% | +16.1% |
| 2025 | +25.3% | +16.0% |
| 2026 | +17.3% | +3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ETR and WEC good diversifiers for each other?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ETR and WEC?
As of 2026-08-27, the correlation of weekly returns between ETR and WEC is 0.73 over 3 years, 0.79 over 1 year and 0.77 over 5 years.
Is WEC a good diversifier for ETR?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.73 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-wec.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/etr-vs-wec/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ETR correlations · WEC correlations
