AROC vs DTM: Correlation
Measured on weekly returns over the past three years, Archrock, Inc. (AROC) and DT Midstream, Inc. (DTM) carry a correlation of 0.66, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AROC and DTM?
On 3 years of weekly data the AROC/DTM correlation comes out at 0.66, strong. The relationship has been stable: the 1-year correlation (0.62) sits close to the 3-year figure. The 5-year figure is 0.66, and annualized covariance runs at 576.9 %².
Within AROC's tracked universe of 17 assets, DTM comes in at #4 by 3-year correlation. Twelve-month performance is nearly a tie, at +34.4% for AROC and +32.9% for DTM. Note the risk asymmetry: AROC runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AROC vs DTM: side by side
| AROC (Archrock, Inc.) | DTM (DT Midstream, Inc.) | |
|---|---|---|
| 1-year return | +34.4% | +32.9% |
| 5-year return | +420.1% | +248.3% |
| Volatility (ann.) | 36.3% | 23.9% |
| Beta vs S&P 500 | 0.87 | 0.42 |
| Max drawdown (3Y) | -30.3% | -23.6% |
| Market cap | $5.6B | $13.4B |
| P/E (trailing) | 17.0 | 29.1 |
| Dividend yield | 2.78% | 2.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AROC | DTM |
|---|---|---|
| 2022 | +28.8% | +20.7% |
| 2023 | +81.0% | +4.7% |
| 2024 | +67.6% | +88.9% |
| 2025 | +8.0% | +24.1% |
| 2026 | +25.6% | +11.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AROC and DTM good diversifiers for each other?
To a limited degree. At 0.66 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 AROC and DTM?
Using weekly returns as of 2026-08-27: 0.66 over 3 years, with 0.62 over the last year and 0.66 over 5 years.
Is DTM a good diversifier for AROC?
To a limited degree. At 0.66 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 0.66 mean?
A reading of 0.66 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AROC correlations · DTM correlations
