EQT vs WMB: Correlation
Measured on weekly returns over the past three years, EQT Corporation (EQT) and Williams Companies (WMB) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQT and WMB?
Over the past 3 years, EQT and WMB moved with a correlation of 0.52, which is moderate. Recent behaviour matches the longer record: 0.52 over 1 year against 0.52 over 3. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 424.1 %².
By 3-year correlation, WMB places #12 of the 31 assets tracked against EQT. The last year tells two different stories: WMB led by 25.2 percentage points, +7.9% for EQT against +33.1% for WMB. On a rolling one-year basis the correlation drifted between 0.32 and 0.63, a moderate band.
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.
EQT vs WMB: side by side
| EQT (EQT Corporation) | WMB (Williams Companies) | |
|---|---|---|
| 1-year return | +7.9% | +33.1% |
| 5-year return | +224.8% | +279.9% |
| Volatility (ann.) | 34.1% | 24.0% |
| Beta vs S&P 500 | 0.52 | 0.34 |
| Max drawdown (3Y) | -31.6% | -12.4% |
| Market cap | $34.3B | $90.7B |
| P/E (trailing) | 12.7 | 29.7 |
| Dividend yield | 1.19% | 2.76% |
| Sector / category | Energy | Energy |
Year-by-year returns
| Year | EQT | WMB |
|---|---|---|
| 2022 | +57.6% | +32.8% |
| 2023 | +16.2% | +11.9% |
| 2024 | +21.4% | +62.3% |
| 2025 | +17.6% | +14.9% |
| 2026 | +3.1% | +25.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQT and WMB good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EQT and WMB?
The EQT/WMB correlation stands at 0.52 on a 3-year window (1 year: 0.52, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is WMB a good diversifier for EQT?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 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/eqt-vs-wmb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/eqt-vs-wmb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EQT correlations · WMB correlations
