DTM vs WMB: Correlation
How closely do DT Midstream, Inc. (DTM) and Williams Companies (WMB) trade together? Their weekly returns over three years give a correlation of 0.82, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DTM and WMB?
On 3 years of weekly data the DTM/WMB correlation comes out at 0.82, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.82 lands near the 3-year figure. The 5-year figure is 0.82, and annualized covariance runs at 472.8 %².
Few assets follow DTM as closely as WMB, which ranks #2 of 17 tracked partners. Twelve-month performance is nearly a tie, at +32.9% for DTM and +33.1% for WMB.
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 WMB: side by side
| DTM (DT Midstream, Inc.) | WMB (Williams Companies) | |
|---|---|---|
| 1-year return | +32.9% | +33.1% |
| 5-year return | +248.3% | +279.9% |
| Volatility (ann.) | 23.9% | 24.0% |
| Beta vs S&P 500 | 0.42 | 0.34 |
| Max drawdown (3Y) | -23.6% | -12.4% |
| Market cap | $13.4B | $90.7B |
| P/E (trailing) | 29.1 | 29.7 |
| Dividend yield | 2.57% | 2.76% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | DTM | WMB |
|---|---|---|
| 2022 | +20.7% | +32.8% |
| 2023 | +4.7% | +11.9% |
| 2024 | +88.9% | +62.3% |
| 2025 | +24.1% | +14.9% |
| 2026 | +11.4% | +25.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DTM and WMB good diversifiers for each other?
No: a correlation of 0.82 means DTM and WMB tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between DTM and WMB?
The DTM/WMB correlation stands at 0.82 on a 3-year window (1 year: 0.82, 5 years: 0.82), computed from weekly returns as of 2026-08-27.
Is WMB a good diversifier for DTM?
No: a correlation of 0.82 means DTM and WMB tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.82 mean?
A reading of 0.82 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: DTM correlations · WMB correlations
