EE vs WMB: Correlation
Excelerate Energy, Inc. (EE) and Williams Companies (WMB) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EE and WMB?
Over the past 3 years, EE and WMB moved with a correlation of 0.45, which is moderate. The relationship has been stable: the 1-year correlation (0.52) sits close to the 3-year figure. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 396.7 %².
WMB is one of the assets that tracks EE most closely: it ranks #3 out of the 10 assets we track against EE. Correlation aside, the last 12 months split them widely, with EE ahead by 30.6 points (+63.7% versus +33.1%). Risk is not evenly split, since EE carries 1.5 times the volatility of the other side.
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.
EE vs WMB: side by side
| EE (Excelerate Energy, Inc.) | WMB (Williams Companies) | |
|---|---|---|
| 1-year return | +63.7% | +33.1% |
| 5-year return | +52.1% | +279.9% |
| Volatility (ann.) | 36.5% | 24.0% |
| Beta vs S&P 500 | 0.47 | 0.34 |
| Max drawdown (3Y) | -29.1% | -12.4% |
| Market cap | $4.5B | $90.7B |
| P/E (trailing) | 27.0 | 29.7 |
| Dividend yield | 0.84% | 2.76% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | EE | WMB |
|---|---|---|
| 2022 | – | +32.8% |
| 2023 | -38.0% | +11.9% |
| 2024 | +96.9% | +62.3% |
| 2025 | -6.3% | +14.9% |
| 2026 | +42.2% | +25.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EE and WMB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EE and WMB?
As of 2026-08-27, the correlation of weekly returns between EE and WMB is 0.45 over 3 years, 0.52 over 1 year and 0.47 over 5 years.
Is WMB a good diversifier for EE?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ee-vs-wmb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ee-vs-wmb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EE correlations · WMB correlations
