KNTK vs WMB: Correlation
How closely do Kinetik Holdings Inc. (KNTK) and Williams Companies (WMB) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KNTK and WMB?
Over the past 3 years, KNTK and WMB moved with a correlation of 0.57, which is moderate. The link has loosened recently: the 1-year correlation (0.35) runs below the 3-year figure (0.57). Over 5 years the correlation is 0.61, and the annualized covariance of weekly returns is 450.8 %².
Among the 14 assets we track against KNTK, WMB ranks #8 by 3-year correlation. The trailing year gives KNTK the advantage: +39.6% versus +33.1%, a 6.5-point spread.
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.
KNTK vs WMB: side by side
| KNTK (Kinetik Holdings Inc.) | WMB (Williams Companies) | |
|---|---|---|
| 1-year return | +39.6% | +33.1% |
| 5-year return | +147.1% | +279.9% |
| Volatility (ann.) | 33.1% | 24.0% |
| Beta vs S&P 500 | 0.63 | 0.34 |
| Max drawdown (3Y) | -49.0% | -12.4% |
| Market cap | $9.2B | $90.7B |
| P/E (trailing) | 19.3 | 29.7 |
| Dividend yield | 5.83% | 2.76% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | KNTK | WMB |
|---|---|---|
| 2022 | +14.6% | +32.8% |
| 2023 | +10.9% | +11.9% |
| 2024 | +83.1% | +62.3% |
| 2025 | -31.9% | +14.9% |
| 2026 | +59.0% | +25.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KNTK and WMB 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 KNTK and WMB?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.35 over the last year and 0.61 over 5 years.
Is WMB a good diversifier for KNTK?
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.
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Related comparisons
Hubs: KNTK correlations · WMB correlations
