JELD vs WMB: Correlation
JELD-WEN Holding, Inc. (JELD) and Williams Companies (WMB) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JELD and WMB?
On 3 years of weekly data the JELD/WMB correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.51 versus -0.25 over 3 years. The 5-year figure is -0.07, and annualized covariance runs at -489.0 %².
Out of 16 assets tracked against JELD, WMB lands near the bottom at #13. Correlation aside, the last 12 months split them widely, with WMB ahead by 96.8 points (-63.7% versus +33.1%). Risk is not evenly split, since JELD carries 3.4 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.
JELD vs WMB: side by side
| JELD (JELD-WEN Holding, Inc.) | WMB (Williams Companies) | |
|---|---|---|
| 1-year return | -63.7% | +33.1% |
| 5-year return | -92.5% | +279.9% |
| Volatility (ann.) | 80.7% | 24.0% |
| Beta vs S&P 500 | 2.01 | 0.34 |
| Max drawdown (3Y) | -95.5% | -12.4% |
| Market cap | $0.2B | $90.7B |
| P/E (trailing) | – | 29.7 |
| Dividend yield | 0.00% | 2.76% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | JELD | WMB |
|---|---|---|
| 2022 | -63.4% | +32.8% |
| 2023 | +95.6% | +11.9% |
| 2024 | -56.6% | +62.3% |
| 2025 | -70.0% | +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 JELD and WMB good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between JELD and WMB?
The JELD/WMB correlation stands at -0.25 on a 3-year window (1 year: -0.51, 5 years: -0.07), computed from weekly returns as of 2026-08-27.
Is WMB a good diversifier for JELD?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
A reading of -0.25 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: JELD correlations · WMB correlations
