AM vs DTM: Correlation
How closely do Antero Midstream Corporation (AM) and DT Midstream, Inc. (DTM) trade together? Their weekly returns over three years give a correlation of 0.69, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AM and DTM?
Across a 3-year window, the weekly returns of AM and DTM correlate at 0.69, strong. Recent behaviour matches the longer record: 0.68 over 1 year against 0.69 over 3. Stretching to 5 years gives 0.74, with an annualized covariance of 375.1 %².
Within AM's tracked universe of 15 assets, DTM comes in at #4 by 3-year correlation. Twelve-month performance is nearly a tie, at +33.1% for AM and +32.9% for DTM.
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.
AM vs DTM: side by side
| AM (Antero Midstream Corporation) | DTM (DT Midstream, Inc.) | |
|---|---|---|
| 1-year return | +33.1% | +32.9% |
| 5-year return | +230.4% | +248.3% |
| Volatility (ann.) | 22.6% | 23.9% |
| Beta vs S&P 500 | 0.24 | 0.42 |
| Max drawdown (3Y) | -14.0% | -23.6% |
| Market cap | $10.7B | $13.4B |
| P/E (trailing) | 27.1 | 29.1 |
| Dividend yield | 3.98% | 2.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AM | DTM |
|---|---|---|
| 2022 | +22.0% | +20.7% |
| 2023 | +25.7% | +4.7% |
| 2024 | +28.5% | +88.9% |
| 2025 | +24.4% | +24.1% |
| 2026 | +30.9% | +11.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AM and DTM good diversifiers for each other?
Only partially. A correlation of 0.69 means AM and DTM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AM and DTM?
As of 2026-08-27, the correlation of weekly returns between AM and DTM is 0.69 over 3 years, 0.68 over 1 year and 0.74 over 5 years.
Is DTM a good diversifier for AM?
Only partially. A correlation of 0.69 means AM and DTM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.69 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
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Related comparisons
Hubs: AM correlations · DTM correlations
