TYG vs WMB: Correlation
How closely do Tortoise Energy Infrastructure Corporation (TYG) and Williams Companies (WMB) trade together? Their weekly returns over three years give a correlation of 0.62, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TYG and WMB?
Over the past 3 years, TYG and WMB moved with a correlation of 0.62, which is strong. The link has loosened recently: the 1-year correlation (0.48) runs below the 3-year figure (0.62). Over 5 years the correlation is 0.72, and the annualized covariance of weekly returns is 316.1 %².
By 3-year correlation, WMB places #8 of the 17 assets tracked against TYG. Correlation aside, the last 12 months split them widely, with WMB ahead by 19.0 points (+14.1% versus +33.1%).
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.
TYG vs WMB: side by side
| TYG (Tortoise Energy Infrastructure Corporation) | WMB (Williams Companies) | |
|---|---|---|
| 1-year return | +14.1% | +33.1% |
| 5-year return | +162.5% | +279.9% |
| Volatility (ann.) | 21.2% | 24.0% |
| Beta vs S&P 500 | 0.45 | 0.34 |
| Max drawdown (3Y) | -25.1% | -12.4% |
| Market cap | – | $90.7B |
| P/E (trailing) | 6.0 | 29.7 |
| Dividend yield | 11.89% | 2.76% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | TYG | WMB |
|---|---|---|
| 2022 | +24.2% | +32.8% |
| 2023 | -0.4% | +11.9% |
| 2024 | +60.2% | +62.3% |
| 2025 | +8.5% | +14.9% |
| 2026 | +15.2% | +25.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TYG and WMB good diversifiers for each other?
Only partially. A correlation of 0.62 means TYG and WMB 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 TYG and WMB?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.48 over the last year and 0.72 over 5 years.
Is WMB a good diversifier for TYG?
Only partially. A correlation of 0.62 means TYG and WMB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.62 mean?
A reading of 0.62 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: TYG correlations · WMB correlations
