DTM vs EQT: Correlation
DT Midstream, Inc. (DTM) and EQT Corporation (EQT) 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 DTM and EQT?
Across a 3-year window, the weekly returns of DTM and EQT correlate at 0.53, moderate. The relationship has been stable: the 1-year correlation (0.45) sits close to the 3-year figure. Stretching to 5 years gives 0.57, with an annualized covariance of 432.5 %².
By 3-year correlation, EQT places #9 of the 17 assets tracked against DTM. Their recent paths diverged sharply: over the last 12 months DTM outperformed by 25.0 percentage points (+32.9% for DTM against +7.9% for EQT).
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.
DTM vs EQT: side by side
| DTM (DT Midstream, Inc.) | EQT (EQT Corporation) | |
|---|---|---|
| 1-year return | +32.9% | +7.9% |
| 5-year return | +248.3% | +224.8% |
| Volatility (ann.) | 23.9% | 34.1% |
| Beta vs S&P 500 | 0.42 | 0.52 |
| Max drawdown (3Y) | -23.6% | -31.6% |
| Market cap | $13.4B | $34.3B |
| P/E (trailing) | 29.1 | 12.7 |
| Dividend yield | 2.57% | 1.19% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | DTM | EQT |
|---|---|---|
| 2022 | +20.7% | +57.6% |
| 2023 | +4.7% | +16.2% |
| 2024 | +88.9% | +21.4% |
| 2025 | +24.1% | +17.6% |
| 2026 | +11.4% | +3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DTM and EQT good diversifiers for each other?
To a limited degree. At 0.53 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 DTM and EQT?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.45 over the last year and 0.57 over 5 years.
Is EQT a good diversifier for DTM?
To a limited degree. At 0.53 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 0.53 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dtm-vs-eqt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dtm-vs-eqt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DTM correlations · EQT correlations
