DNOW vs WTTR: Correlation
DNOW Inc. (DNOW) and Select Water Solutions, Inc. (WTTR) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DNOW and WTTR?
Over the past 3 years, DNOW and WTTR moved with a correlation of 0.53, which is moderate. Recent behaviour matches the longer record: 0.46 over 1 year against 0.53 over 3. Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 1017.9 %².
Among the 10 assets we track against DNOW, WTTR ranks #4 by 3-year correlation. The last year tells two different stories: WTTR led by 138.3 percentage points, +2.1% for DNOW against +140.4% for WTTR.
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.
DNOW vs WTTR: side by side
| DNOW (DNOW Inc.) | WTTR (Select Water Solutions, Inc.) | |
|---|---|---|
| 1-year return | +2.1% | +140.4% |
| 5-year return | +111.4% | +303.0% |
| Volatility (ann.) | 43.7% | 44.1% |
| Beta vs S&P 500 | 0.83 | 0.91 |
| Max drawdown (3Y) | -36.8% | -50.7% |
| Market cap | $2.9B | $2.8B |
| P/E (trailing) | – | 69.8 |
| Dividend yield | 0.00% | 1.46% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DNOW | WTTR |
|---|---|---|
| 2022 | +48.7% | +49.2% |
| 2023 | -10.9% | -15.6% |
| 2024 | +14.9% | +79.2% |
| 2025 | +1.8% | -18.3% |
| 2026 | +22.9% | +88.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DNOW and WTTR good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DNOW and WTTR?
The DNOW/WTTR correlation stands at 0.53 on a 3-year window (1 year: 0.46, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is WTTR a good diversifier for DNOW?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 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: DNOW correlations · WTTR correlations
