WFRD vs WHD: Correlation
Weatherford International plc (WFRD) and Cactus, Inc. (WHD) show a strong relationship: their 3-year correlation of weekly returns is 0.66.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are WFRD and WHD?
Over the past 3 years, WFRD and WHD moved with a correlation of 0.66, which is strong. Little has changed lately, as the 1-year reading of 0.60 lands near the 3-year figure. Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 1252.8 %².
Among the 14 assets we track against WFRD, WHD ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with WHD ahead by 20.0 points (+46.1% versus +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.
WFRD vs WHD: side by side
| WFRD (Weatherford International plc) | WHD (Cactus, Inc.) | |
|---|---|---|
| 1-year return | +46.1% | +66.1% |
| 5-year return | +495.5% | +89.5% |
| Volatility (ann.) | 46.3% | 41.2% |
| Beta vs S&P 500 | 1.32 | 1.11 |
| Max drawdown (3Y) | -70.6% | -51.4% |
| Market cap | $6.6B | $4.8B |
| P/E (trailing) | 17.4 | 55.7 |
| Dividend yield | 1.19% | 0.84% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | WFRD | WHD |
|---|---|---|
| 2022 | +83.7% | +33.0% |
| 2023 | +92.1% | -8.7% |
| 2024 | -26.4% | +29.7% |
| 2025 | +11.1% | -20.8% |
| 2026 | +18.5% | +50.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are WFRD and WHD good diversifiers for each other?
Only partially. A correlation of 0.66 means WFRD and WHD 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 WFRD and WHD?
Using weekly returns as of 2026-08-27: 0.66 over 3 years, with 0.60 over the last year and 0.62 over 5 years.
Is WHD a good diversifier for WFRD?
Only partially. A correlation of 0.66 means WFRD and WHD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.66 mean?
A reading of 0.66 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: WFRD correlations · WHD correlations
