SLB vs WHD: Correlation
Schlumberger (SLB) and Cactus, Inc. (WHD) show a strong relationship: their 3-year correlation of weekly returns is 0.63.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SLB and WHD?
Over the past 3 years, SLB and WHD moved with a correlation of 0.63, which is strong. The relationship has been stable: the 1-year correlation (0.53) sits close to the 3-year figure. Over 5 years the correlation is 0.71, and the annualized covariance of weekly returns is 912.8 %².
By 3-year correlation, WHD places #19 of the 35 assets tracked against SLB. Over the last 12 months WHD came out ahead by 9.0 percentage points (+57.1% against +66.1%).
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.
SLB vs WHD: side by side
| SLB (Schlumberger) | WHD (Cactus, Inc.) | |
|---|---|---|
| 1-year return | +57.1% | +66.1% |
| 5-year return | +117.1% | +89.5% |
| Volatility (ann.) | 35.1% | 41.2% |
| Beta vs S&P 500 | 0.57 | 1.11 |
| Max drawdown (3Y) | -46.6% | -51.4% |
| Market cap | $81.6B | $4.8B |
| P/E (trailing) | 26.2 | 55.7 |
| Dividend yield | 2.16% | 0.84% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | SLB | WHD |
|---|---|---|
| 2022 | +81.2% | +33.0% |
| 2023 | -0.8% | -8.7% |
| 2024 | -24.5% | +29.7% |
| 2025 | +3.3% | -20.8% |
| 2026 | +44.9% | +50.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SLB and WHD good diversifiers for each other?
To a limited degree. At 0.63 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 SLB and WHD?
Using weekly returns as of 2026-08-27: 0.63 over 3 years, with 0.53 over the last year and 0.71 over 5 years.
Is WHD a good diversifier for SLB?
To a limited degree. At 0.63 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 0.63 mean?
A reading of 0.63 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/slb-vs-whd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/slb-vs-whd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SLB correlations · WHD correlations
