EXE vs WMB: Correlation
Expand Energy (EXE) and Williams Companies (WMB) 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 EXE and WMB?
On 3 years of weekly data the EXE/WMB correlation comes out at 0.53, moderate. The link has loosened recently: the 1-year correlation (0.38) runs below the 3-year figure (0.53). The 5-year figure is 0.62, and annualized covariance runs at 359.6 %².
Within EXE's tracked universe of 32 assets, WMB comes in at #16 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months WMB outperformed by 27.9 percentage points (+5.2% for EXE against +33.1% for WMB). The rolling one-year correlation moved between 0.39 and 0.71 over the past three years, a moderate range.
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.
EXE vs WMB: side by side
| EXE (Expand Energy) | WMB (Williams Companies) | |
|---|---|---|
| 1-year return | +5.2% | +33.1% |
| 5-year return | +125.8% | +279.9% |
| Volatility (ann.) | 28.2% | 24.0% |
| Beta vs S&P 500 | 0.31 | 0.34 |
| Max drawdown (3Y) | -28.4% | -12.4% |
| Market cap | $22.7B | $90.7B |
| P/E (trailing) | 8.3 | 29.7 |
| Dividend yield | 3.30% | 2.76% |
| Sector / category | Energy | Energy |
Year-by-year returns
| Year | EXE | WMB |
|---|---|---|
| 2022 | +62.3% | +32.8% |
| 2023 | -14.8% | +11.9% |
| 2024 | +33.2% | +62.3% |
| 2025 | +14.4% | +14.9% |
| 2026 | -9.6% | +25.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXE and WMB 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 EXE and WMB?
The EXE/WMB correlation stands at 0.53 on a 3-year window (1 year: 0.38, 5 years: 0.62), computed from weekly returns as of 2026-08-27.
Is WMB a good diversifier for EXE?
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?
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.
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Related comparisons
Hubs: EXE correlations · WMB correlations
