BOOM vs WHD: Correlation
Measured on weekly returns over the past three years, DMC Global Inc. (BOOM) and Cactus, Inc. (WHD) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BOOM and WHD?
On 3 years of weekly data the BOOM/WHD correlation comes out at 0.45, moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.45 over 3. The 5-year figure is 0.47, and annualized covariance runs at 1123.6 %².
WHD is one of the assets that tracks BOOM most closely: it ranks #2 out of the 10 assets we track against BOOM. Correlation aside, the last 12 months split them widely, with WHD ahead by 59.4 points (+6.7% versus +66.1%).
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.
BOOM vs WHD: side by side
| BOOM (DMC Global Inc.) | WHD (Cactus, Inc.) | |
|---|---|---|
| 1-year return | +6.7% | +66.1% |
| 5-year return | -82.6% | +89.5% |
| Volatility (ann.) | 60.2% | 41.2% |
| Beta vs S&P 500 | 1.12 | 1.11 |
| Max drawdown (3Y) | -82.3% | -51.4% |
| Market cap | $0.1B | $4.8B |
| P/E (trailing) | – | 55.7 |
| Dividend yield | 0.00% | 0.84% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BOOM | WHD |
|---|---|---|
| 2022 | -50.9% | +33.0% |
| 2023 | -3.2% | -8.7% |
| 2024 | -60.9% | +29.7% |
| 2025 | -9.0% | -20.8% |
| 2026 | +4.5% | +50.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BOOM and WHD good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BOOM and WHD?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.40 over the last year and 0.47 over 5 years.
Is WHD a good diversifier for BOOM?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: BOOM correlations · WHD correlations
