AM vs EE: Correlation
Antero Midstream Corporation (AM) and Excelerate Energy, Inc. (EE) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AM and EE?
On 3 years of weekly data the AM/EE correlation comes out at 0.44, moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. The 5-year figure is 0.49, and annualized covariance runs at 364.4 %².
By 3-year correlation, EE places #8 of the 15 assets tracked against AM. Correlation aside, the last 12 months split them widely, with EE ahead by 30.6 points (+33.1% versus +63.7%). Risk is not evenly split, since EE carries 1.6 times the volatility of the other side.
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 EE: side by side
| AM (Antero Midstream Corporation) | EE (Excelerate Energy, Inc.) | |
|---|---|---|
| 1-year return | +33.1% | +63.7% |
| 5-year return | +230.4% | +52.1% |
| Volatility (ann.) | 22.6% | 36.5% |
| Beta vs S&P 500 | 0.24 | 0.47 |
| Max drawdown (3Y) | -14.0% | -29.1% |
| Market cap | $10.7B | $4.5B |
| P/E (trailing) | 27.1 | 27.0 |
| Dividend yield | 3.98% | 0.84% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AM | EE |
|---|---|---|
| 2022 | +22.0% | – |
| 2023 | +25.7% | -38.0% |
| 2024 | +28.5% | +96.9% |
| 2025 | +24.4% | -6.3% |
| 2026 | +30.9% | +42.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AM and EE good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AM and EE?
As of 2026-08-27, the correlation of weekly returns between AM and EE is 0.44 over 3 years, 0.46 over 1 year and 0.49 over 5 years.
Is EE a good diversifier for AM?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
A reading of 0.44 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/am-vs-ee.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/am-vs-ee/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AM correlations · EE correlations
