FTI vs WFRD: Correlation
TechnipFMC plc (FTI) and Weatherford International plc (WFRD) show a strong relationship: their 3-year correlation of weekly returns is 0.71.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTI and WFRD?
Over the past 3 years, FTI and WFRD moved with a correlation of 0.71, which is strong. The relationship has been stable: the 1-year correlation (0.73) sits close to the 3-year figure. Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 1194.5 %².
Among the 14 assets we track against FTI, WFRD ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FTI ahead by 63.3 points (+109.4% versus +46.1%).
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.
FTI vs WFRD: side by side
| FTI (TechnipFMC plc) | WFRD (Weatherford International plc) | |
|---|---|---|
| 1-year return | +109.4% | +46.1% |
| 5-year return | +1078.9% | +495.5% |
| Volatility (ann.) | 36.4% | 46.3% |
| Beta vs S&P 500 | 0.70 | 1.32 |
| Max drawdown (3Y) | -28.9% | -70.6% |
| Market cap | $29.9B | $6.6B |
| P/E (trailing) | 26.5 | 17.4 |
| Dividend yield | 0.26% | 1.19% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FTI | WFRD |
|---|---|---|
| 2022 | +105.9% | +83.7% |
| 2023 | +66.1% | +92.1% |
| 2024 | +44.8% | -26.4% |
| 2025 | +54.9% | +11.1% |
| 2026 | +71.6% | +18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTI and WFRD good diversifiers for each other?
Only partially. A correlation of 0.71 means FTI and WFRD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between FTI and WFRD?
The FTI/WFRD correlation stands at 0.71 on a 3-year window (1 year: 0.73, 5 years: 0.62), computed from weekly returns as of 2026-08-27.
Is WFRD a good diversifier for FTI?
Only partially. A correlation of 0.71 means FTI and WFRD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.71 mean?
On the −1 to +1 scale, 0.71 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fti-vs-wfrd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fti-vs-wfrd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FTI correlations · WFRD correlations
