DTM vs EXE: Correlation
Measured on weekly returns over the past three years, DT Midstream, Inc. (DTM) and Expand Energy (EXE) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DTM and EXE?
Across a 3-year window, the weekly returns of DTM and EXE correlate at 0.55, moderate. The past 12 months show a weaker link (0.39) than the 3-year average (0.55). Stretching to 5 years gives 0.61, with an annualized covariance of 372.3 %².
Within DTM's tracked universe of 17 assets, EXE comes in at #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DTM outperformed by 27.7 percentage points (+32.9% for DTM against +5.2% for EXE).
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 EXE: side by side
| DTM (DT Midstream, Inc.) | EXE (Expand Energy) | |
|---|---|---|
| 1-year return | +32.9% | +5.2% |
| 5-year return | +248.3% | +125.8% |
| Volatility (ann.) | 23.9% | 28.2% |
| Beta vs S&P 500 | 0.42 | 0.31 |
| Max drawdown (3Y) | -23.6% | -28.4% |
| Market cap | $13.4B | $22.7B |
| P/E (trailing) | 29.1 | 8.3 |
| Dividend yield | 2.57% | 3.30% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | DTM | EXE |
|---|---|---|
| 2022 | +20.7% | +62.3% |
| 2023 | +4.7% | -14.8% |
| 2024 | +88.9% | +33.2% |
| 2025 | +24.1% | +14.4% |
| 2026 | +11.4% | -9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DTM and EXE good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DTM and EXE?
As of 2026-08-27, the correlation of weekly returns between DTM and EXE is 0.55 over 3 years, 0.39 over 1 year and 0.61 over 5 years.
Is EXE a good diversifier for DTM?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
A reading of 0.55 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/dtm-vs-exe.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dtm-vs-exe/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DTM correlations · EXE correlations
