PTEN vs WTTR: Correlation
Patterson-UTI Energy, Inc. (PTEN) and Select Water Solutions, Inc. (WTTR) show a strong relationship: their 3-year correlation of weekly returns is 0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PTEN and WTTR?
Across a 3-year window, the weekly returns of PTEN and WTTR correlate at 0.61, strong. The past 12 months show a weaker link (0.50) than the 3-year average (0.61). Stretching to 5 years gives 0.66, with an annualized covariance of 1307.2 %².
By 3-year correlation, WTTR places #15 of the 23 assets tracked against PTEN. The last year tells two different stories: WTTR led by 15.0 percentage points, +125.4% for PTEN 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.
PTEN vs WTTR: side by side
| PTEN (Patterson-UTI Energy, Inc.) | WTTR (Select Water Solutions, Inc.) | |
|---|---|---|
| 1-year return | +125.4% | +140.4% |
| 5-year return | +84.8% | +303.0% |
| Volatility (ann.) | 48.6% | 44.1% |
| Beta vs S&P 500 | 0.60 | 0.91 |
| Max drawdown (3Y) | -64.6% | -50.7% |
| Market cap | $4.7B | $2.8B |
| P/E (trailing) | – | 69.8 |
| Dividend yield | 3.06% | 1.46% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PTEN | WTTR |
|---|---|---|
| 2022 | +101.7% | +49.2% |
| 2023 | -34.2% | -15.6% |
| 2024 | -21.0% | +79.2% |
| 2025 | -22.1% | -18.3% |
| 2026 | +104.9% | +88.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PTEN and WTTR good diversifiers for each other?
Only partially. A correlation of 0.61 means PTEN and WTTR 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 PTEN and WTTR?
The PTEN/WTTR correlation stands at 0.61 on a 3-year window (1 year: 0.50, 5 years: 0.66), computed from weekly returns as of 2026-08-27.
Is WTTR a good diversifier for PTEN?
Only partially. A correlation of 0.61 means PTEN and WTTR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.61 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.
Use this data
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Related comparisons
Hubs: PTEN correlations · WTTR correlations
