Duke Energy Corporation (Holding Company) vs Xcel Energy Inc.
Measured twinDUK / XELPrices through Oct 22, 2026
Why these are rivals: #1 and #2 by market value ($93B vs $47B) in Nasdaq's "Power Generation" industry; SEC SIC 4931 / 4931 (same major group); #1 and #2 by market value ($93B vs $47B) with SEC SIC 4931 (Electric & Other Services Combined).
The price gap between these two has a measured habit of closing. A 2 standard deviation gap becomes a paired paper idea.
- no divergence: z = 0.29 (needs |z| >= 2.0)
Business leadership
DUK is the larger business
Annual revenue reported to the SEC. Scale, not market share.
| Year | DUK | XEL | Larger |
|---|---|---|---|
| 2025 | $31.7B | $14.7B | DUK |
| 2024 | $30.1B | $13.4B | DUK |
| 2023 | $28.7B | $14.2B | DUK |
| 2022 | $28.7B | $15.3B | DUK |
| 2021 | $24.5B | $13.4B | DUK |
| 2020 | $23.3B | $11.5B | DUK |
DUK led in every year with figures for both. Market value: DUK $93.0B, XEL $46.9B.
Stock leadership
DUK is ahead now
Measured against the pair's own last 252 trading days.
DUK leads XEL by 0.29 standard deviations: +0.6% over its usual price ratio. 3 lead switches in the last year.
| Price change | 3 mo | 6 mo | 12 mo |
|---|---|---|---|
| DUK | -3.9% | -2.1% | -2.3% |
| XEL | -3.4% | -0.7% | -2.2% |
Relationship
The gap has closed before
Only these tests can make a pair tradable on paper.
- Pass
- Aligned sessions: 2521 (needs >= 254)
- Pass
- Co-movement: daily return correlation, 252 sessions: 0.79 (needs >= 0.60)
- Pass
- Mean reversion: ADF t-statistic of the spread: -2.94 (needs <= -2.873 (5% critical value))
- Pass
- Speed: half-life of the spread, sessions: 10.13 (needs <= 63)
- Data
- Both stocks current
The twins over two years
Prices side by side, and the gap between them
DUK Duke Energy Corporation (Holding Company) XEL Xcel Energy Inc.Price index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
Spread z-score: DUK relative to XEL, against the 252 sessions before each day. Above 0: DUK ahead; below 0: XEL ahead. Lines at +/-2 (idea) and +/-4 (stop).
Data table (504 sessions)
| Date | DUK index | XEL index | z | Ahead |
|---|---|---|---|---|
| 2026-10-22 | 103.84 | 123.15 | +0.29 | near the usual relationship |
| 2026-10-21 | 99.93 | 119.84 | -0.27 | near the usual relationship |
| 2026-10-20 | 100.47 | 119.68 | +0.06 | near the usual relationship |
| 2026-10-19 | 98.77 | 117.28 | +0.22 | near the usual relationship |
| 2026-10-16 | 100.59 | 119.10 | +0.36 | near the usual relationship |
| 2026-10-15 | 98.44 | 117.25 | +0.08 | near the usual relationship |
| 2026-10-14 | 99.07 | 117.62 | +0.23 | near the usual relationship |
| 2026-10-13 | 97.87 | 116.50 | +0.11 | near the usual relationship |
| 2026-10-12 | 97.46 | 115.76 | +0.22 | near the usual relationship |
| 2026-10-09 | 96.60 | 115.15 | +0.05 | near the usual relationship |
| 2026-10-08 | 96.75 | 114.50 | +0.41 | near the usual relationship |
| 2026-10-07 | 95.64 | 113.03 | +0.48 | near the usual relationship |
| 2026-10-06 | 95.78 | 113.52 | +0.35 | near the usual relationship |
| 2026-10-05 | 94.27 | 111.58 | +0.42 | near the usual relationship |
| 2026-10-02 | 94.51 | 111.44 | +0.61 | DUK ahead |
| 2026-10-01 | 94.19 | 110.11 | +1.03 | DUK ahead |
| 2026-09-30 | 94.41 | 110.00 | +1.20 | DUK ahead |
| 2026-09-29 | 94.58 | 110.33 | +1.15 | DUK ahead |
| 2026-09-28 | 93.91 | 108.30 | +1.71 | DUK ahead |
| 2026-09-25 | 93.86 | 108.94 | +1.41 | DUK ahead |
| 2026-09-24 | 93.76 | 108.57 | +1.50 | DUK ahead |
| 2026-09-23 | 94.54 | 110.29 | +1.12 | DUK ahead |
| 2026-09-22 | 96.32 | 112.47 | +1.05 | DUK ahead |
| 2026-09-21 | 96.67 | 112.14 | +1.34 | DUK ahead |
| 2026-09-18 | 97.33 | 112.85 | +1.34 | DUK ahead |
| 2026-09-17 | 98.16 | 114.92 | +0.88 | DUK ahead |
| 2026-09-16 | 97.52 | 113.49 | +1.13 | DUK ahead |
| 2026-09-15 | 97.52 | 113.14 | +1.26 | DUK ahead |
| 2026-09-14 | 98.56 | 115.75 | +0.70 | DUK ahead |
| 2026-09-11 | 98.89 | 117.84 | +0.06 | near the usual relationship |
| 2026-09-10 | 98.85 | 117.70 | +0.09 | near the usual relationship |
| 2026-09-09 | 99.73 | 118.92 | +0.01 | near the usual relationship |
| 2026-09-08 | 100.40 | 119.99 | -0.09 | near the usual relationship |
| 2026-09-04 | 99.55 | 118.18 | +0.18 | near the usual relationship |
| 2026-09-03 | 100.53 | 119.15 | +0.23 | near the usual relationship |
| 2026-09-02 | 99.83 | 117.86 | +0.38 | near the usual relationship |
| 2026-09-01 | 99.69 | 118.45 | +0.11 | near the usual relationship |
| 2026-08-31 | 99.30 | 118.14 | +0.05 | near the usual relationship |
| 2026-08-28 | 99.58 | 119.32 | -0.24 | near the usual relationship |
| 2026-08-27 | 100.07 | 120.43 | -0.41 | near the usual relationship |
| 2026-08-26 | 100.94 | 121.24 | -0.34 | near the usual relationship |
| 2026-08-25 | 100.69 | 120.48 | -0.21 | near the usual relationship |
| 2026-08-24 | 101.00 | 120.70 | -0.17 | near the usual relationship |
| 2026-08-21 | 99.25 | 119.09 | -0.33 | near the usual relationship |
| 2026-08-20 | 101.60 | 122.85 | -0.61 | XEL ahead |
| 2026-08-19 | 102.35 | 123.94 | -0.67 | XEL ahead |
| 2026-08-18 | 102.67 | 123.57 | -0.45 | near the usual relationship |
| 2026-08-17 | 102.34 | 123.63 | -0.59 | XEL ahead |
| 2026-08-14 | 102.62 | 123.57 | -0.49 | near the usual relationship |
| 2026-08-13 | 103.09 | 123.27 | -0.26 | near the usual relationship |
| 2026-08-12 | 102.26 | 122.68 | -0.37 | near the usual relationship |
| 2026-08-11 | 102.01 | 121.21 | -0.06 | near the usual relationship |
| 2026-08-10 | 100.36 | 119.98 | -0.27 | near the usual relationship |
| 2026-08-07 | 103.39 | 121.85 | +0.18 | near the usual relationship |
| 2026-08-06 | 102.60 | 120.13 | +0.38 | near the usual relationship |
| 2026-08-05 | 102.14 | 120.49 | +0.13 | near the usual relationship |
| 2026-08-04 | 102.91 | 121.35 | +0.14 | near the usual relationship |
| 2026-08-03 | 102.91 | 121.26 | +0.16 | near the usual relationship |
| 2026-07-31 | 103.87 | 122.05 | +0.24 | near the usual relationship |
| 2026-07-30 | 104.56 | 122.10 | +0.43 | near the usual relationship |
| 2026-07-29 | 106.89 | 122.91 | +0.91 | DUK ahead |
| 2026-07-28 | 107.02 | 125.38 | +0.33 | near the usual relationship |
| 2026-07-27 | 106.68 | 125.97 | +0.08 | near the usual relationship |
| 2026-07-24 | 108.08 | 127.47 | +0.11 | near the usual relationship |
| 2026-07-23 | 107.04 | 126.07 | +0.15 | near the usual relationship |
| 2026-07-22 | 105.95 | 125.16 | +0.05 | near the usual relationship |
| 2026-07-21 | 104.26 | 122.87 | +0.12 | near the usual relationship |
| 2026-07-20 | 104.21 | 122.79 | +0.12 | near the usual relationship |
| 2026-07-17 | 103.52 | 122.94 | -0.13 | near the usual relationship |
| 2026-07-16 | 104.43 | 124.83 | -0.33 | near the usual relationship |
| 2026-07-15 | 102.96 | 123.69 | -0.49 | near the usual relationship |
| 2026-07-14 | 104.65 | 125.13 | -0.36 | near the usual relationship |
| 2026-07-13 | 105.05 | 125.61 | -0.36 | near the usual relationship |
| 2026-07-10 | 103.91 | 124.96 | -0.54 | XEL ahead |
| 2026-07-09 | 103.73 | 123.33 | -0.22 | near the usual relationship |
| 2026-07-08 | 104.99 | 124.27 | -0.10 | near the usual relationship |
| 2026-07-07 | 106.18 | 125.91 | -0.16 | near the usual relationship |
| 2026-07-06 | 104.31 | 125.44 | -0.55 | XEL ahead |
| 2026-07-02 | 107.32 | 127.92 | -0.32 | near the usual relationship |
| 2026-07-01 | 104.15 | 124.40 | -0.38 | near the usual relationship |
| 2026-06-30 | 104.82 | 125.33 | -0.41 | near the usual relationship |
| 2026-06-29 | 106.27 | 127.95 | -0.61 | XEL ahead |
| 2026-06-26 | 106.33 | 128.34 | -0.68 | XEL ahead |
| 2026-06-25 | 105.26 | 127.59 | -0.80 | XEL ahead |
| 2026-06-24 | 104.78 | 127.16 | -0.84 | XEL ahead |
| 2026-06-23 | 103.55 | 125.38 | -0.78 | XEL ahead |
| 2026-06-22 | 102.29 | 123.01 | -0.61 | XEL ahead |
| 2026-06-18 | 102.57 | 120.82 | -0.08 | near the usual relationship |
| 2026-06-17 | 102.46 | 120.90 | -0.13 | near the usual relationship |
| 2026-06-16 | 104.39 | 123.27 | -0.16 | near the usual relationship |
| 2026-06-15 | 103.74 | 123.85 | -0.44 | near the usual relationship |
| 2026-06-12 | 103.49 | 123.65 | -0.47 | near the usual relationship |
| 2026-06-11 | 102.84 | 122.16 | -0.33 | near the usual relationship |
| 2026-06-10 | 103.54 | 121.90 | -0.10 | near the usual relationship |
| 2026-06-09 | 102.53 | 121.54 | -0.28 | near the usual relationship |
| 2026-06-08 | 101.07 | 121.15 | -0.57 | XEL ahead |
| 2026-06-05 | 102.87 | 123.37 | -0.59 | XEL ahead |
| 2026-06-04 | 100.88 | 121.38 | -0.67 | XEL ahead |
| 2026-06-03 | 100.23 | 120.79 | -0.72 | XEL ahead |
| 2026-06-02 | 100.27 | 121.54 | -0.87 | XEL ahead |
| 2026-06-01 | 99.28 | 119.26 | -0.65 | XEL ahead |
| 2026-05-29 | 101.63 | 124.08 | -1.06 | XEL ahead |
| 2026-05-28 | 102.48 | 123.71 | -0.79 | XEL ahead |
| 2026-05-27 | 103.80 | 126.42 | -1.02 | XEL ahead |
| 2026-05-26 | 103.49 | 126.08 | -1.03 | XEL ahead |
| 2026-05-22 | 104.07 | 126.55 | -0.99 | XEL ahead |
| 2026-05-21 | 103.23 | 125.18 | -0.93 | XEL ahead |
| 2026-05-20 | 102.53 | 124.64 | -1.00 | XEL ahead |
| 2026-05-19 | 103.15 | 124.44 | -0.81 | XEL ahead |
| 2026-05-18 | 101.72 | 121.90 | -0.65 | XEL ahead |
| 2026-05-15 | 100.16 | 121.62 | -0.98 | XEL ahead |
| 2026-05-14 | 102.94 | 124.91 | -0.97 | XEL ahead |
| 2026-05-13 | 102.60 | 124.72 | -1.03 | XEL ahead |
| 2026-05-12 | 103.57 | 124.71 | -0.79 | XEL ahead |
| 2026-05-11 | 103.43 | 125.80 | -1.05 | XEL ahead |
| 2026-05-08 | 102.82 | 123.91 | -0.83 | XEL ahead |
| 2026-05-07 | 103.40 | 125.53 | -1.02 | XEL ahead |
| 2026-05-06 | 103.96 | 125.72 | -0.93 | XEL ahead |
| 2026-05-05 | 105.65 | 127.13 | -0.82 | XEL ahead |
| 2026-05-04 | 105.54 | 126.69 | -0.76 | XEL ahead |
| 2026-05-01 | 106.49 | 128.89 | -0.97 | XEL ahead |
| 2026-04-30 | 107.28 | 129.47 | -0.91 | XEL ahead |
| 2026-04-29 | 104.76 | 123.02 | -0.25 | near the usual relationship |
| 2026-04-28 | 105.83 | 124.05 | -0.21 | near the usual relationship |
| 2026-04-27 | 105.24 | 123.94 | -0.33 | near the usual relationship |
| 2026-04-24 | 105.39 | 123.54 | -0.22 | near the usual relationship |
| 2026-04-23 | 106.03 | 124.05 | -0.18 | near the usual relationship |
| 2026-04-22 | 103.72 | 121.91 | -0.30 | near the usual relationship |
| 2026-04-21 | 104.07 | 123.43 | -0.52 | XEL ahead |
| 2026-04-20 | 105.88 | 125.36 | -0.48 | near the usual relationship |
| 2026-04-17 | 106.02 | 126.55 | -0.68 | XEL ahead |
| 2026-04-16 | 106.52 | 126.50 | -0.57 | XEL ahead |
| 2026-04-15 | 105.98 | 122.76 | +0.01 | near the usual relationship |
| 2026-04-14 | 107.47 | 124.60 | -0.01 | near the usual relationship |
| 2026-04-13 | 107.98 | 125.57 | -0.08 | near the usual relationship |
| 2026-04-10 | 109.13 | 128.58 | -0.40 | near the usual relationship |
| 2026-04-09 | 110.14 | 129.19 | -0.30 | near the usual relationship |
| 2026-04-08 | 108.98 | 127.14 | -0.18 | near the usual relationship |
| 2026-04-07 | 109.16 | 125.71 | +0.11 | near the usual relationship |
| 2026-04-06 | 108.82 | 125.47 | +0.08 | near the usual relationship |
| 2026-04-02 | 109.49 | 126.02 | +0.12 | near the usual relationship |
| 2026-04-01 | 108.40 | 124.41 | +0.18 | near the usual relationship |
| 2026-03-31 | 108.43 | 123.99 | +0.26 | near the usual relationship |
| 2026-03-30 | 109.07 | 123.56 | +0.47 | near the usual relationship |
| 2026-03-27 | 107.64 | 121.88 | +0.48 | near the usual relationship |
| 2026-03-26 | 107.14 | 121.63 | +0.41 | near the usual relationship |
| 2026-03-25 | 106.13 | 121.27 | +0.26 | near the usual relationship |
| 2026-03-24 | 105.48 | 121.68 | +0.04 | near the usual relationship |
| 2026-03-23 | 105.45 | 120.10 | +0.32 | near the usual relationship |
| 2026-03-20 | 105.01 | 119.82 | +0.28 | near the usual relationship |
| 2026-03-19 | 107.44 | 124.13 | +0.00 | near the usual relationship |
| 2026-03-18 | 108.27 | 124.89 | +0.03 | near the usual relationship |
| 2026-03-17 | 110.09 | 127.06 | +0.01 | near the usual relationship |
| 2026-03-16 | 110.52 | 127.41 | +0.03 | near the usual relationship |
| 2026-03-13 | 110.26 | 127.84 | -0.10 | near the usual relationship |
| 2026-03-12 | 109.16 | 126.14 | -0.03 | near the usual relationship |
| 2026-03-11 | 107.68 | 126.42 | -0.38 | near the usual relationship |
| 2026-03-10 | 107.39 | 127.80 | -0.69 | XEL ahead |
| 2026-03-09 | 108.55 | 128.14 | -0.51 | XEL ahead |
| 2026-03-06 | 109.72 | 128.80 | -0.39 | near the usual relationship |
| 2026-03-05 | 108.98 | 128.58 | -0.51 | XEL ahead |
| 2026-03-04 | 109.21 | 129.61 | -0.64 | XEL ahead |
| 2026-03-03 | 108.84 | 129.81 | -0.76 | XEL ahead |
| 2026-03-02 | 109.00 | 130.79 | -0.89 | XEL ahead |
| 2026-02-27 | 108.36 | 130.11 | -0.91 | XEL ahead |
| 2026-02-26 | 107.01 | 130.28 | -1.23 | XEL ahead |
| 2026-02-25 | 106.77 | 130.40 | -1.31 | XEL ahead |
| 2026-02-24 | 106.38 | 130.97 | -1.50 | XEL ahead |
| 2026-02-23 | 105.82 | 130.09 | -1.48 | XEL ahead |
| 2026-02-20 | 104.99 | 127.28 | -1.17 | XEL ahead |
| 2026-02-19 | 104.65 | 126.14 | -1.05 | XEL ahead |
| 2026-02-18 | 103.71 | 124.36 | -0.94 | XEL ahead |
| 2026-02-17 | 104.93 | 126.03 | -0.98 | XEL ahead |
| 2026-02-13 | 106.16 | 127.35 | -0.96 | XEL ahead |
| 2026-02-12 | 104.43 | 123.27 | -0.60 | XEL ahead |
| 2026-02-11 | 103.68 | 121.62 | -0.47 | near the usual relationship |
| 2026-02-10 | 102.38 | 120.96 | -0.63 | XEL ahead |
| 2026-02-09 | 100.79 | 119.29 | -0.68 | XEL ahead |
| 2026-02-06 | 100.91 | 118.46 | -0.50 | XEL ahead |
| 2026-02-05 | 102.19 | 118.81 | -0.28 | near the usual relationship |
| 2026-02-04 | 101.20 | 118.93 | -0.53 | XEL ahead |
| 2026-02-03 | 100.75 | 118.54 | -0.56 | XEL ahead |
| 2026-02-02 | 98.95 | 116.28 | -0.54 | XEL ahead |
| 2026-01-30 | 100.49 | 118.71 | -0.66 | XEL ahead |
| 2026-01-29 | 100.11 | 118.57 | -0.72 | XEL ahead |
| 2026-01-28 | 99.57 | 118.64 | -0.86 | XEL ahead |
| 2026-01-27 | 99.61 | 119.14 | -0.95 | XEL ahead |
| 2026-01-26 | 98.36 | 118.20 | -1.07 | XEL ahead |
| 2026-01-23 | 97.24 | 117.08 | -1.11 | XEL ahead |
| 2026-01-22 | 97.47 | 118.40 | -1.32 | XEL ahead |
| 2026-01-21 | 98.85 | 119.42 | -1.21 | XEL ahead |
| 2026-01-20 | 99.00 | 118.95 | -1.09 | XEL ahead |
| 2026-01-16 | 98.72 | 118.01 | -0.98 | XEL ahead |
| 2026-01-15 | 98.46 | 117.62 | -0.97 | XEL ahead |
| 2026-01-14 | 98.28 | 118.93 | -1.28 | XEL ahead |
| 2026-01-13 | 97.21 | 116.97 | -1.16 | XEL ahead |
| 2026-01-12 | 96.65 | 115.50 | -1.00 | XEL ahead |
| 2026-01-09 | 96.72 | 115.90 | -1.07 | XEL ahead |
| 2026-01-08 | 97.15 | 114.53 | -0.70 | XEL ahead |
| 2026-01-07 | 96.22 | 114.28 | -0.87 | XEL ahead |
| 2026-01-06 | 97.50 | 116.17 | -0.95 | XEL ahead |
| 2026-01-05 | 96.73 | 115.61 | -1.02 | XEL ahead |
| 2026-01-02 | 97.25 | 116.56 | -1.09 | XEL ahead |
| 2025-12-31 | 97.06 | 115.28 | -0.88 | XEL ahead |
| 2025-12-30 | 97.45 | 115.80 | -0.89 | XEL ahead |
| 2025-12-29 | 97.32 | 115.69 | -0.90 | XEL ahead |
| 2025-12-26 | 97.04 | 116.15 | -1.07 | XEL ahead |
| 2025-12-24 | 97.28 | 115.64 | -0.90 | XEL ahead |
| 2025-12-23 | 96.71 | 115.51 | -1.02 | XEL ahead |
| 2025-12-22 | 96.31 | 115.26 | -1.07 | XEL ahead |
| 2025-12-19 | 95.69 | 113.42 | -0.84 | XEL ahead |
| 2025-12-18 | 97.34 | 114.89 | -0.74 | XEL ahead |
| 2025-12-17 | 97.24 | 114.16 | -0.62 | XEL ahead |
| 2025-12-16 | 95.72 | 115.08 | -1.17 | XEL ahead |
| 2025-12-15 | 96.66 | 118.18 | -1.58 | XEL ahead |
| 2025-12-12 | 95.48 | 117.29 | -1.70 | XEL ahead |
| 2025-12-11 | 94.73 | 116.56 | -1.76 | XEL ahead |
| 2025-12-10 | 94.40 | 116.47 | -1.83 | XEL ahead |
| 2025-12-09 | 95.43 | 118.18 | -1.94 | XEL ahead |
| 2025-12-08 | 95.41 | 118.20 | -1.97 | XEL ahead |
| 2025-12-05 | 96.49 | 120.46 | -2.18 | XEL ahead |
| 2025-12-04 | 97.69 | 121.38 | -2.09 | XEL ahead |
| 2025-12-03 | 98.23 | 122.35 | -2.17 | XEL ahead |
| 2025-12-02 | 99.11 | 123.37 | -2.18 | XEL ahead |
| 2025-12-01 | 99.99 | 124.44 | -2.20 | XEL ahead |
| 2025-11-28 | 102.63 | 128.16 | -2.31 | XEL ahead |
| 2025-11-26 | 102.21 | 126.81 | -2.17 | XEL ahead |
| 2025-11-25 | 100.97 | 125.47 | -2.24 | XEL ahead |
| 2025-11-24 | 101.10 | 125.27 | -2.19 | XEL ahead |
| 2025-11-21 | 101.69 | 124.35 | -1.87 | XEL ahead |
| 2025-11-20 | 101.47 | 124.07 | -1.88 | XEL ahead |
| 2025-11-19 | 101.22 | 124.35 | -2.03 | XEL ahead |
| 2025-11-18 | 102.52 | 126.42 | -2.15 | XEL ahead |
| 2025-11-17 | 103.66 | 126.91 | -1.97 | XEL ahead |
| 2025-11-14 | 101.61 | 125.77 | -2.30 | XEL ahead |
| 2025-11-13 | 102.34 | 125.08 | -1.98 | XEL ahead |
| 2025-11-12 | 102.60 | 125.99 | -2.13 | XEL ahead |
| 2025-11-11 | 102.41 | 126.67 | -2.37 | XEL ahead |
| 2025-11-10 | 101.80 | 125.49 | -2.31 | XEL ahead |
| 2025-11-07 | 102.40 | 126.28 | -2.35 | XEL ahead |
| 2025-11-06 | 102.68 | 125.71 | -2.17 | XEL ahead |
| 2025-11-05 | 102.49 | 126.72 | -2.50 | XEL ahead |
| 2025-11-04 | 102.54 | 127.35 | -2.67 | XEL ahead |
| 2025-11-03 | 102.41 | 126.83 | -2.62 | XEL ahead |
| 2025-10-31 | 102.93 | 126.69 | -2.45 | XEL ahead |
| 2025-10-30 | 103.68 | 127.35 | -2.41 | XEL ahead |
| 2025-10-29 | 102.92 | 124.38 | -1.94 | XEL ahead |
| 2025-10-28 | 104.05 | 124.58 | -1.67 | XEL ahead |
| 2025-10-27 | 105.57 | 125.94 | -1.55 | XEL ahead |
| 2025-10-24 | 105.47 | 125.47 | -1.46 | XEL ahead |
| 2025-10-23 | 105.38 | 125.50 | -1.49 | XEL ahead |
| 2025-10-22 | 106.85 | 125.94 | -1.20 | XEL ahead |
| 2025-10-21 | 106.27 | 125.86 | -1.32 | XEL ahead |
| 2025-10-20 | 106.77 | 126.86 | -1.40 | XEL ahead |
| 2025-10-17 | 106.43 | 126.67 | -1.45 | XEL ahead |
| 2025-10-16 | 105.50 | 126.58 | -1.67 | XEL ahead |
| 2025-10-15 | 106.55 | 127.67 | -1.64 | XEL ahead |
| 2025-10-14 | 105.85 | 126.19 | -1.52 | XEL ahead |
| 2025-10-13 | 104.41 | 125.11 | -1.66 | XEL ahead |
| 2025-10-10 | 105.18 | 126.31 | -1.74 | XEL ahead |
| 2025-10-09 | 103.27 | 126.83 | -2.34 | XEL ahead |
| 2025-10-08 | 103.70 | 127.75 | -2.45 | XEL ahead |
| 2025-10-07 | 103.97 | 127.75 | -2.42 | XEL ahead |
| 2025-10-06 | 103.00 | 126.42 | -2.42 | XEL ahead |
| 2025-10-03 | 102.30 | 125.27 | -2.39 | XEL ahead |
| 2025-10-02 | 100.67 | 124.24 | -2.64 | XEL ahead |
| 2025-10-01 | 101.35 | 125.35 | -2.74 | XEL ahead |
| 2025-09-30 | 102.48 | 125.88 | -2.59 | XEL ahead |
| 2025-09-29 | 101.69 | 124.94 | -2.63 | XEL ahead |
| 2025-09-26 | 101.87 | 123.74 | -2.34 | XEL ahead |
| 2025-09-25 | 101.29 | 120.57 | -1.80 | XEL ahead |
| 2025-09-24 | 102.38 | 121.63 | -1.75 | XEL ahead |
| 2025-09-23 | 101.94 | 114.00 | -0.11 | near the usual relationship |
| 2025-09-22 | 100.68 | 112.92 | -0.19 | near the usual relationship |
| 2025-09-19 | 100.26 | 112.55 | -0.22 | near the usual relationship |
| 2025-09-18 | 99.69 | 112.64 | -0.41 | near the usual relationship |
| 2025-09-17 | 100.28 | 112.46 | -0.21 | near the usual relationship |
| 2025-09-16 | 99.58 | 112.55 | -0.43 | near the usual relationship |
| 2025-09-15 | 101.33 | 114.02 | -0.31 | near the usual relationship |
| 2025-09-12 | 100.99 | 114.48 | -0.52 | XEL ahead |
| 2025-09-11 | 101.12 | 113.70 | -0.31 | near the usual relationship |
| 2025-09-10 | 100.49 | 112.86 | -0.29 | near the usual relationship |
| 2025-09-09 | 99.69 | 112.41 | -0.40 | near the usual relationship |
| 2025-09-08 | 99.51 | 111.99 | -0.35 | near the usual relationship |
| 2025-09-05 | 99.88 | 113.44 | -0.59 | XEL ahead |
| 2025-09-04 | 100.09 | 112.75 | -0.39 | near the usual relationship |
| 2025-09-03 | 100.61 | 113.05 | -0.34 | near the usual relationship |
| 2025-09-02 | 100.94 | 112.60 | -0.17 | near the usual relationship |
| 2025-08-29 | 101.43 | 112.99 | -0.14 | near the usual relationship |
| 2025-08-28 | 101.33 | 112.91 | -0.15 | near the usual relationship |
| 2025-08-27 | 102.42 | 113.73 | -0.08 | near the usual relationship |
| 2025-08-26 | 102.09 | 113.22 | -0.06 | near the usual relationship |
| 2025-08-25 | 101.95 | 113.98 | -0.26 | near the usual relationship |
| 2025-08-22 | 102.96 | 115.90 | -0.42 | near the usual relationship |
| 2025-08-21 | 102.80 | 114.19 | -0.12 | near the usual relationship |
| 2025-08-20 | 103.08 | 114.20 | -0.07 | near the usual relationship |
| 2025-08-19 | 102.50 | 114.28 | -0.22 | near the usual relationship |
| 2025-08-18 | 100.58 | 112.70 | -0.34 | near the usual relationship |
| 2025-08-15 | 101.40 | 112.27 | -0.09 | near the usual relationship |
| 2025-08-14 | 102.90 | 112.99 | +0.08 | near the usual relationship |
| 2025-08-13 | 104.10 | 113.81 | +0.16 | near the usual relationship |
| 2025-08-12 | 103.07 | 112.99 | +0.09 | near the usual relationship |
| 2025-08-11 | 103.97 | 113.43 | +0.18 | near the usual relationship |
| 2025-08-08 | 103.78 | 114.45 | -0.05 | near the usual relationship |
| 2025-08-07 | 104.28 | 114.30 | +0.06 | near the usual relationship |
| 2025-08-06 | 103.68 | 114.41 | -0.08 | near the usual relationship |
| 2025-08-05 | 102.68 | 115.08 | -0.39 | near the usual relationship |
| 2025-08-04 | 102.82 | 115.87 | -0.51 | XEL ahead |
| 2025-08-01 | 101.78 | 114.67 | -0.51 | XEL ahead |
| 2025-07-31 | 100.73 | 114.62 | -0.71 | XEL ahead |
| 2025-07-30 | 99.77 | 112.99 | -0.62 | XEL ahead |
| 2025-07-29 | 98.95 | 112.91 | -0.77 | XEL ahead |
| 2025-07-28 | 97.38 | 111.03 | -0.76 | XEL ahead |
| 2025-07-25 | 99.31 | 113.41 | -0.80 | XEL ahead |
| 2025-07-24 | 99.16 | 113.59 | -0.86 | XEL ahead |
| 2025-07-23 | 98.96 | 113.16 | -0.83 | XEL ahead |
| 2025-07-22 | 99.98 | 114.03 | -0.79 | XEL ahead |
| 2025-07-21 | 99.23 | 111.71 | -0.56 | XEL ahead |
| 2025-07-18 | 98.06 | 109.85 | -0.47 | near the usual relationship |
| 2025-07-17 | 97.27 | 108.71 | -0.44 | near the usual relationship |
| 2025-07-16 | 97.54 | 107.96 | -0.27 | near the usual relationship |
| 2025-07-15 | 96.97 | 106.65 | -0.17 | near the usual relationship |
| 2025-07-14 | 97.66 | 107.96 | -0.26 | near the usual relationship |
| 2025-07-11 | 97.27 | 107.10 | -0.20 | near the usual relationship |
| 2025-07-10 | 97.86 | 106.84 | -0.06 | near the usual relationship |
| 2025-07-09 | 97.03 | 105.88 | -0.06 | near the usual relationship |
| 2025-07-08 | 96.32 | 105.45 | -0.12 | near the usual relationship |
| 2025-07-07 | 97.13 | 105.95 | -0.07 | near the usual relationship |
| 2025-07-03 | 97.14 | 106.43 | -0.15 | near the usual relationship |
| 2025-07-02 | 96.94 | 105.45 | -0.03 | near the usual relationship |
| 2025-07-01 | 98.43 | 107.24 | -0.06 | near the usual relationship |
| 2025-06-30 | 97.71 | 106.29 | -0.04 | near the usual relationship |
| 2025-06-27 | 96.82 | 105.79 | -0.12 | near the usual relationship |
| 2025-06-26 | 96.27 | 105.74 | -0.21 | near the usual relationship |
| 2025-06-25 | 96.02 | 105.07 | -0.15 | near the usual relationship |
| 2025-06-24 | 96.84 | 106.49 | -0.24 | near the usual relationship |
| 2025-06-23 | 96.86 | 105.99 | -0.16 | near the usual relationship |
| 2025-06-20 | 95.56 | 104.01 | -0.08 | near the usual relationship |
| 2025-06-18 | 94.88 | 103.45 | -0.12 | near the usual relationship |
| 2025-06-17 | 95.06 | 102.47 | +0.07 | near the usual relationship |
| 2025-06-16 | 95.56 | 104.25 | -0.13 | near the usual relationship |
| 2025-06-13 | 96.77 | 105.54 | -0.13 | near the usual relationship |
| 2025-06-12 | 97.12 | 107.80 | -0.42 | near the usual relationship |
| 2025-06-11 | 96.35 | 106.52 | -0.36 | near the usual relationship |
| 2025-06-10 | 96.33 | 107.63 | -0.54 | XEL ahead |
| 2025-06-09 | 95.62 | 106.73 | -0.53 | XEL ahead |
| 2025-06-06 | 95.42 | 106.93 | -0.60 | XEL ahead |
| 2025-06-05 | 95.84 | 107.02 | -0.55 | XEL ahead |
| 2025-06-04 | 96.04 | 106.91 | -0.50 | XEL ahead |
| 2025-06-03 | 96.66 | 108.21 | -0.60 | XEL ahead |
| 2025-06-02 | 97.08 | 108.83 | -0.63 | XEL ahead |
| 2025-05-30 | 97.48 | 109.41 | -0.65 | XEL ahead |
| 2025-05-29 | 95.60 | 108.43 | -0.83 | XEL ahead |
| 2025-05-28 | 94.77 | 107.59 | -0.85 | XEL ahead |
| 2025-05-27 | 96.37 | 108.95 | -0.79 | XEL ahead |
| 2025-05-23 | 96.46 | 108.83 | -0.76 | XEL ahead |
| 2025-05-22 | 95.70 | 108.02 | -0.77 | XEL ahead |
| 2025-05-21 | 96.42 | 109.13 | -0.82 | XEL ahead |
| 2025-05-20 | 97.14 | 112.87 | -1.25 | XEL ahead |
| 2025-05-19 | 96.88 | 112.70 | -1.28 | XEL ahead |
| 2025-05-16 | 96.27 | 112.97 | -1.43 | XEL ahead |
| 2025-05-15 | 96.01 | 111.22 | -1.24 | XEL ahead |
| 2025-05-14 | 93.13 | 107.38 | -1.17 | XEL ahead |
| 2025-05-13 | 93.63 | 106.62 | -0.98 | XEL ahead |
| 2025-05-12 | 95.93 | 105.79 | -0.47 | near the usual relationship |
| 2025-05-09 | 99.64 | 110.21 | -0.52 | XEL ahead |
| 2025-05-08 | 99.37 | 109.52 | -0.47 | near the usual relationship |
| 2025-05-07 | 101.52 | 111.38 | -0.40 | near the usual relationship |
| 2025-05-06 | 101.81 | 110.91 | -0.29 | near the usual relationship |
| 2025-05-05 | 99.99 | 110.64 | -0.55 | XEL ahead |
| 2025-05-02 | 100.68 | 110.46 | -0.42 | near the usual relationship |
| 2025-05-01 | 100.47 | 109.88 | -0.37 | near the usual relationship |
| 2025-04-30 | 101.04 | 110.35 | -0.35 | near the usual relationship |
| 2025-04-29 | 100.78 | 110.30 | -0.39 | near the usual relationship |
| 2025-04-28 | 99.93 | 108.60 | -0.28 | near the usual relationship |
| 2025-04-25 | 99.25 | 107.69 | -0.25 | near the usual relationship |
| 2025-04-24 | 99.95 | 109.71 | -0.44 | near the usual relationship |
| 2025-04-23 | 100.55 | 111.67 | -0.63 | XEL ahead |
| 2025-04-22 | 101.47 | 111.43 | -0.45 | near the usual relationship |
| 2025-04-21 | 99.51 | 107.65 | -0.21 | near the usual relationship |
| 2025-04-17 | 100.86 | 109.46 | -0.27 | near the usual relationship |
| 2025-04-16 | 99.66 | 107.85 | -0.22 | near the usual relationship |
| 2025-04-15 | 99.78 | 109.68 | -0.47 | near the usual relationship |
| 2025-04-14 | 99.87 | 110.39 | -0.57 | XEL ahead |
| 2025-04-11 | 98.49 | 108.56 | -0.52 | XEL ahead |
| 2025-04-10 | 96.75 | 106.77 | -0.55 | XEL ahead |
| 2025-04-09 | 96.32 | 107.04 | -0.66 | XEL ahead |
| 2025-04-08 | 96.02 | 104.64 | -0.35 | near the usual relationship |
| 2025-04-07 | 96.77 | 104.67 | -0.23 | near the usual relationship |
| 2025-04-04 | 98.48 | 105.96 | -0.15 | near the usual relationship |
| 2025-04-03 | 102.72 | 112.60 | -0.45 | near the usual relationship |
| 2025-04-02 | 99.69 | 110.66 | -0.65 | XEL ahead |
| 2025-04-01 | 100.26 | 110.38 | -0.53 | XEL ahead |
| 2025-03-31 | 101.00 | 110.49 | -0.43 | near the usual relationship |
| 2025-03-28 | 98.88 | 108.82 | -0.53 | XEL ahead |
| 2025-03-27 | 97.42 | 108.19 | -0.68 | XEL ahead |
| 2025-03-26 | 96.98 | 107.57 | -0.66 | XEL ahead |
| 2025-03-25 | 96.12 | 106.02 | -0.57 | XEL ahead |
| 2025-03-24 | 97.84 | 107.48 | -0.51 | XEL ahead |
| 2025-03-21 | 98.63 | 107.87 | -0.45 | near the usual relationship |
| 2025-03-20 | 99.50 | 109.40 | -0.53 | XEL ahead |
| 2025-03-19 | 98.80 | 109.63 | -0.69 | XEL ahead |
| 2025-03-18 | 100.00 | 109.69 | -0.51 | XEL ahead |
| 2025-03-17 | 100.04 | 109.19 | -0.43 | near the usual relationship |
| 2025-03-14 | 99.47 | 108.87 | -0.48 | near the usual relationship |
| 2025-03-13 | 97.89 | 107.17 | -0.49 | near the usual relationship |
| 2025-03-12 | 96.59 | 107.46 | -0.75 | XEL ahead |
| 2025-03-11 | 97.47 | 107.27 | -0.58 | XEL ahead |
| 2025-03-10 | 98.13 | 108.24 | -0.62 | XEL ahead |
| 2025-03-07 | 96.67 | 106.13 | -0.56 | XEL ahead |
| 2025-03-06 | 95.10 | 105.60 | -0.74 | XEL ahead |
| 2025-03-05 | 95.42 | 107.27 | -0.94 | XEL ahead |
| 2025-03-04 | 96.40 | 109.30 | -1.09 | XEL ahead |
| 2025-03-03 | 98.27 | 112.22 | -1.19 | XEL ahead |
| 2025-02-28 | 97.29 | 112.53 | -1.39 | XEL ahead |
| 2025-02-27 | 95.97 | 110.44 | -1.30 | XEL ahead |
| 2025-02-26 | 96.32 | 109.21 | -1.05 | XEL ahead |
| 2025-02-25 | 97.13 | 109.96 | -1.02 | XEL ahead |
| 2025-02-24 | 95.99 | 110.47 | -1.26 | XEL ahead |
| 2025-02-21 | 95.69 | 109.16 | -1.12 | XEL ahead |
| 2025-02-20 | 93.71 | 108.19 | -1.29 | XEL ahead |
| 2025-02-19 | 92.57 | 107.80 | -1.42 | XEL ahead |
| 2025-02-18 | 91.83 | 106.98 | -1.41 | XEL ahead |
| 2025-02-14 | 92.41 | 107.09 | -1.33 | XEL ahead |
| 2025-02-13 | 94.36 | 106.76 | -0.95 | XEL ahead |
| 2025-02-12 | 96.36 | 105.20 | -0.41 | near the usual relationship |
| 2025-02-11 | 96.63 | 104.87 | -0.31 | near the usual relationship |
| 2025-02-10 | 95.73 | 104.39 | -0.38 | near the usual relationship |
| 2025-02-07 | 95.22 | 103.95 | -0.39 | near the usual relationship |
| 2025-02-06 | 94.83 | 104.76 | -0.56 | XEL ahead |
| 2025-02-05 | 94.29 | 106.06 | -0.83 | XEL ahead |
| 2025-02-04 | 93.10 | 105.07 | -0.87 | XEL ahead |
| 2025-02-03 | 93.74 | 105.74 | -0.86 | XEL ahead |
| 2025-01-31 | 92.74 | 104.89 | -0.89 | XEL ahead |
| 2025-01-30 | 92.96 | 104.35 | -0.78 | XEL ahead |
| 2025-01-29 | 91.60 | 103.12 | -0.81 | XEL ahead |
| 2025-01-28 | 92.17 | 103.68 | -0.80 | XEL ahead |
| 2025-01-27 | 93.26 | 106.12 | -0.97 | XEL ahead |
| 2025-01-24 | 90.97 | 103.96 | -1.02 | XEL ahead |
| 2025-01-23 | 90.54 | 103.11 | -0.97 | XEL ahead |
| 2025-01-22 | 90.11 | 104.54 | -1.24 | XEL ahead |
| 2025-01-21 | 91.73 | 105.63 | -1.13 | XEL ahead |
| 2025-01-17 | 90.48 | 104.14 | -1.12 | XEL ahead |
| 2025-01-16 | 90.31 | 103.32 | -1.03 | XEL ahead |
| 2025-01-15 | 88.15 | 101.36 | -1.10 | XEL ahead |
| 2025-01-14 | 88.48 | 100.02 | -0.85 | XEL ahead |
| 2025-01-13 | 87.89 | 99.30 | -0.83 | XEL ahead |
| 2025-01-10 | 87.67 | 98.91 | -0.81 | XEL ahead |
| 2025-01-08 | 89.62 | 103.62 | -1.15 | XEL ahead |
| 2025-01-07 | 88.45 | 102.45 | -1.17 | XEL ahead |
| 2025-01-06 | 88.08 | 101.67 | -1.11 | XEL ahead |
| 2025-01-03 | 89.25 | 104.09 | -1.25 | XEL ahead |
| 2025-01-02 | 89.28 | 104.35 | -1.27 | XEL ahead |
| 2024-12-31 | 89.22 | 105.38 | -1.41 | XEL ahead |
| 2024-12-30 | 89.19 | 105.49 | -1.43 | XEL ahead |
| 2024-12-27 | 89.72 | 106.35 | -1.46 | XEL ahead |
| 2024-12-26 | 89.69 | 106.41 | -1.47 | XEL ahead |
| 2024-12-24 | 90.24 | 106.46 | -1.38 | XEL ahead |
| 2024-12-23 | 89.90 | 105.70 | -1.33 | XEL ahead |
| 2024-12-20 | 89.67 | 105.20 | -1.30 | XEL ahead |
| 2024-12-19 | 88.67 | 104.03 | -1.29 | XEL ahead |
| 2024-12-18 | 87.58 | 103.64 | -1.41 | XEL ahead |
| 2024-12-17 | 89.34 | 106.26 | -1.48 | XEL ahead |
| 2024-12-16 | 88.97 | 105.60 | -1.45 | XEL ahead |
| 2024-12-13 | 90.11 | 106.32 | -1.36 | XEL ahead |
| 2024-12-12 | 90.39 | 106.90 | -1.39 | XEL ahead |
| 2024-12-11 | 90.75 | 106.70 | -1.30 | XEL ahead |
| 2024-12-10 | 92.01 | 107.93 | -1.26 | XEL ahead |
| 2024-12-09 | 92.63 | 107.87 | -1.16 | XEL ahead |
| 2024-12-06 | 92.83 | 108.85 | -1.24 | XEL ahead |
| 2024-12-05 | 94.41 | 110.60 | -1.22 | XEL ahead |
| 2024-12-04 | 93.81 | 110.38 | -1.27 | XEL ahead |
| 2024-12-03 | 94.10 | 110.82 | -1.27 | XEL ahead |
| 2024-12-02 | 95.38 | 111.13 | -1.12 | XEL ahead |
| 2024-11-29 | 96.93 | 113.25 | -1.15 | XEL ahead |
| 2024-11-27 | 97.23 | 113.81 | -1.16 | XEL ahead |
| 2024-11-26 | 96.92 | 112.17 | -1.00 | XEL ahead |
| 2024-11-25 | 95.23 | 111.75 | -1.17 | XEL ahead |
| 2024-11-22 | 94.98 | 111.36 | -1.15 | XEL ahead |
| 2024-11-21 | 95.11 | 111.41 | -1.13 | XEL ahead |
| 2024-11-20 | 94.19 | 109.33 | -1.00 | XEL ahead |
| 2024-11-19 | 94.05 | 108.58 | -0.92 | XEL ahead |
| 2024-11-18 | 94.02 | 109.16 | -0.98 | XEL ahead |
| 2024-11-15 | 92.89 | 108.41 | -1.03 | XEL ahead |
| 2024-11-14 | 91.65 | 107.55 | -1.09 | XEL ahead |
| 2024-11-13 | 92.17 | 107.15 | -0.97 | XEL ahead |
| 2024-11-12 | 92.65 | 107.09 | -0.89 | XEL ahead |
| 2024-11-11 | 93.13 | 107.15 | -0.82 | XEL ahead |
| 2024-11-08 | 93.76 | 105.15 | -0.50 | XEL ahead |
| 2024-11-07 | 91.98 | 103.32 | -0.51 | XEL ahead |
| 2024-11-06 | 94.10 | 103.78 | -0.29 | near the usual relationship |
| 2024-11-05 | 94.47 | 103.53 | -0.20 | near the usual relationship |
| 2024-11-04 | 93.18 | 102.73 | -0.27 | near the usual relationship |
| 2024-11-01 | 93.31 | 104.09 | -0.39 | near the usual relationship |
| 2024-10-31 | 95.45 | 104.28 | -0.14 | near the usual relationship |
| 2024-10-30 | 94.40 | 98.41 | +0.40 | near the usual relationship |
| 2024-10-29 | 94.74 | 98.86 | +0.39 | near the usual relationship |
| 2024-10-28 | 96.94 | 100.64 | +0.46 | near the usual relationship |
| 2024-10-25 | 97.06 | 100.61 | +0.48 | near the usual relationship |
| 2024-10-24 | 98.56 | 101.62 | +0.55 | DUK ahead |
| 2024-10-23 | 99.84 | 100.39 | +0.83 | DUK ahead |
| 2024-10-22 | 99.27 | 99.39 | +0.89 | DUK ahead |
| 2024-10-21 | 99.28 | 99.00 | +0.94 | DUK ahead |
| 2024-10-18 | 100.00 | 100.00 | +0.91 | DUK ahead |
One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Oct 31, 2024 (DUK +1.1%, XEL +6.0%); Sep 24, 2025 (DUK +0.4%, XEL +6.7%). Upcoming earnings: XEL Oct 29, 2026 (pre-market); DUK Nov 5, 2026 (pre-market).
Paired trades
The shared paper book and the replay, kept apart
Forward paper record
No paper position on this pair yet.
Historical simulation (a diagnostic, same rules)
2 simulated trades to Oct 20, 2026: -3.13% per trade on average after costs, 0 won.
| Legs | Entered | Exited | Why | Days | Before costs | Costs + borrow | After costs |
|---|---|---|---|---|---|---|---|
| Long XEL · Short DUK | Jul 28, 2023 | Aug 11, 2023 | divergence stop | 14 | -$329.85 | -$45.00 | -$378.83 (-3.79%) |
| Long DUK · Short XEL | Feb 15, 2019 | Mar 8, 2019 | divergence stop | 21 | -$207.02 | -$47.44 | -$246.24 (-2.46%) |
Per $10,000 a leg. A replay on today's companies cannot prove an edge.
The companies
DUK and XEL at a glance
DUK Duke Energy Corporation (Holding Company)
- Listing
- NYSE · SEC CIK 1326160
- Industry
- Power Generation · SIC 4931 Electric & Other Services Combined
- Market value
- $93.0B
- Price history
- 2,521 daily closes, Oct 12, 2016 to Oct 22, 2026
XEL Xcel Energy Inc.
- Listing
- Nasdaq · SEC CIK 72903
- Industry
- Power Generation · SIC 4931 Electric & Other Services Combined
- Market value
- $46.9B
- Price history
- 2,521 daily closes, Oct 12, 2016 to Oct 22, 2026
Daily prices: Nasdaq.com. Filings and industry codes: SEC EDGAR. Earnings dates: Nasdaq earnings calendar.
Related
All pairs →Other rivals of DUK and XEL
Follow the research behind the paper book
Boostio is a research-first platform in private beta: crypto candidates, daily market stories, public paper trading and now rival stocks. Exploring these pages stays free and open.
Explore the private betaPaper only: hypothetical paired positions with modelled costs. No broker, no orders, no real money. A historical simulation is a diagnostic, not proof of an edge. Not investment advice.
