KGS vs WTTR: Correlation
Measured on weekly returns over the past three years, Kodiak Gas Services, Inc. (KGS) and Select Water Solutions, Inc. (WTTR) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KGS and WTTR?
Over the past 3 years, KGS and WTTR moved with a correlation of 0.57, which is moderate. The relationship has been stable: the 1-year correlation (0.56) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 927.5 %².
By 3-year correlation, WTTR places #5 of the 12 assets tracked against KGS. Their recent paths diverged sharply: over the last 12 months WTTR outperformed by 63.5 percentage points (+76.9% for KGS against +140.4% for WTTR).
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.
KGS vs WTTR: side by side
| KGS (Kodiak Gas Services, Inc.) | WTTR (Select Water Solutions, Inc.) | |
|---|---|---|
| 1-year return | +76.9% | +140.4% |
| 5-year return | n/a | +303.0% |
| Volatility (ann.) | 37.1% | 44.1% |
| Beta vs S&P 500 | 0.72 | 0.91 |
| Max drawdown (3Y) | -38.6% | -50.7% |
| Market cap | $6.1B | $2.8B |
| P/E (trailing) | 68.4 | 69.8 |
| Dividend yield | 3.24% | 1.46% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KGS | WTTR |
|---|---|---|
| 2022 | – | +49.2% |
| 2023 | – | -15.6% |
| 2024 | +115.2% | +79.2% |
| 2025 | -3.7% | -18.3% |
| 2026 | +64.8% | +88.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KGS and WTTR good diversifiers for each other?
To a limited degree. At 0.57 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 KGS and WTTR?
The KGS/WTTR correlation stands at 0.57 on a 3-year window (1 year: 0.56, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is WTTR a good diversifier for KGS?
To a limited degree. At 0.57 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 0.57 mean?
A reading of 0.57 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/kgs-vs-wttr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kgs-vs-wttr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KGS correlations · WTTR correlations
