AM vs EQT: Correlation
Antero Midstream Corporation (AM) and EQT Corporation (EQT) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AM and EQT?
Across a 3-year window, the weekly returns of AM and EQT correlate at 0.57, moderate. Recent behaviour matches the longer record: 0.53 over 1 year against 0.57 over 3. Stretching to 5 years gives 0.65, with an annualized covariance of 435.2 %².
Among the 15 assets we track against AM, EQT ranks #6 by 3-year correlation. The last year tells two different stories: AM led by 25.2 percentage points, +33.1% for AM against +7.9% for EQT. Risk is not evenly split, since EQT carries 1.5 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 EQT: side by side
| AM (Antero Midstream Corporation) | EQT (EQT Corporation) | |
|---|---|---|
| 1-year return | +33.1% | +7.9% |
| 5-year return | +230.4% | +224.8% |
| Volatility (ann.) | 22.6% | 34.1% |
| Beta vs S&P 500 | 0.24 | 0.52 |
| Max drawdown (3Y) | -14.0% | -31.6% |
| Market cap | $10.7B | $34.3B |
| P/E (trailing) | 27.1 | 12.7 |
| Dividend yield | 3.98% | 1.19% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | AM | EQT |
|---|---|---|
| 2022 | +22.0% | +57.6% |
| 2023 | +25.7% | +16.2% |
| 2024 | +28.5% | +21.4% |
| 2025 | +24.4% | +17.6% |
| 2026 | +30.9% | +3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AM and EQT good diversifiers for each other?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AM and EQT?
As of 2026-08-27, the correlation of weekly returns between AM and EQT is 0.57 over 3 years, 0.53 over 1 year and 0.65 over 5 years.
Is EQT a good diversifier for AM?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.57 mean?
A reading of 0.57 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-eqt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/am-vs-eqt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AM correlations · EQT correlations
