CQP vs. WMB
CQP (Cheniere Energy Partners, L.P.) and WMB (The Williams Companies, Inc.) are both stocks. Both operate in the Oil & Gas Midstream industry within the Energy sector. Over the past 10 years, CQP returned 14.71%/yr vs 18.18%/yr for WMB. At a 0.38 correlation, their price movements are largely independent.
Performance
CQP vs. WMB - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with CQP having a 19.94% return and WMB slightly lower at 19.49%. Over the past 10 years, CQP has underperformed WMB with an annualized return of 14.71%, while WMB has yielded a comparatively higher 18.18% annualized return.
CQP
- 1D
- 2.36%
- 1M
- -5.50%
- YTD
- 19.94%
- 6M
- 18.63%
- 1Y
- 13.35%
- 3Y*
- 18.30%
- 5Y*
- 15.59%
- 10Y*
- 14.71%
WMB
- 1D
- 1.81%
- 1M
- -5.60%
- YTD
- 19.49%
- 6M
- 20.27%
- 1Y
- 20.20%
- 3Y*
- 38.78%
- 5Y*
- 26.74%
- 10Y*
- 18.18%
CQP vs. WMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CQP Cheniere Energy Partners, L.P. | 19.94% | 6.80% | 12.59% | -5.09% | 44.79% | 27.83% | -4.97% | 16.60% | 30.13% | 8.91% |
WMB The Williams Companies, Inc. | 19.49% | 14.91% | 62.35% | 11.86% | 32.83% | 38.36% | -8.20% | 14.18% | -23.88% | 2.02% |
Correlation
The correlation between CQP and WMB is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2007 | 0.38 |
The correlation between CQP and WMB shifts across timeframes, from 0.38 (all time) to 0.49 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
CQP:
$30.22B
WMB:
$87.21B
CQP:
$5.21
WMB:
$2.28
CQP:
11.98
WMB:
31.22
CQP:
0.37
WMB:
1.62
CQP:
2.66
WMB:
7.31
CQP:
387.39
WMB:
6.73
CQP:
$11.37B
WMB:
$11.92B
CQP:
$3.20B
WMB:
$7.49B
CQP:
$3.96B
WMB:
$6.88B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CQP vs. WMB — Risk / Return Rank
CQP
WMB
CQP vs. WMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cheniere Energy Partners, L.P. (CQP) and The Williams Companies, Inc. (WMB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| CQP | WMB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.52 | 0.88 | -0.36 |
Sortino ratioReturn per unit of downside risk | 0.90 | 1.31 | -0.41 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.16 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.04 | 1.76 | -0.71 |
Martin ratioReturn relative to average drawdown | 2.03 | 3.87 | -1.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| CQP | WMB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.52 | 0.88 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 1.14 | -0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.59 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.23 | +0.13 |
Drawdowns
CQP vs. WMB - Drawdown Comparison
The maximum CQP drawdown since its inception was -78.46%, smaller than the maximum WMB drawdown of -98.03%. Use the drawdown chart below to compare losses from any high point for CQP and WMB.
Loading charts...
Drawdown Indicators
| CQP | WMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.46% | -98.03% | +19.57% |
Max Drawdown (1Y)Largest decline over 1 year | -14.72% | -12.36% | -2.36% |
Max Drawdown (3Y)Largest decline over 3 years | -24.87% | -12.36% | -12.51% |
Max Drawdown (5Y)Largest decline over 5 years | -29.12% | -23.01% | -6.11% |
Max Drawdown (10Y)Largest decline over 10 years | -60.31% | -68.08% | +7.77% |
Current DrawdownCurrent decline from peak | -9.87% | -10.19% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -14.64% | -27.08% | +12.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.55% | 5.60% | +1.95% |
Volatility
CQP vs. WMB - Volatility Comparison
Cheniere Energy Partners, L.P. (CQP) and The Williams Companies, Inc. (WMB) have volatilities of 8.26% and 8.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CQP | WMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.26% | 8.61% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 19.28% | 16.32% | +2.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.03% | 23.09% | +2.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.38% | 23.62% | +8.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.12% | 31.02% | +1.10% |
Dividends
CQP vs. WMB - Dividend Comparison
CQP's dividend yield for the trailing twelve months is around 5.24%, more than WMB's 2.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CQP Cheniere Energy Partners, L.P. | 5.24% | 6.15% | 5.06% | 8.36% | 6.82% | 6.30% | 7.28% | 6.08% | 6.07% | 5.79% | 5.90% | 6.52% |
WMB The Williams Companies, Inc. | 2.84% | 3.33% | 3.51% | 5.14% | 5.17% | 6.30% | 7.98% | 6.41% | 6.17% | 3.94% | 5.39% | 9.53% |
Financials
CQP vs. WMB - Financials Comparison
This section allows you to compare key financial metrics between Cheniere Energy Partners, L.P. and The Williams Companies, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
CQP vs. WMB - Profitability Comparison
CQP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cheniere Energy Partners, L.P. reported a gross profit of 0.00 and revenue of 3.60B. Therefore, the gross margin over that period was 0.0%.
WMB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Williams Companies, Inc. reported a gross profit of 2.49B and revenue of 3.03B. Therefore, the gross margin over that period was 82.1%.
CQP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cheniere Energy Partners, L.P. reported an operating income of 361.00M and revenue of 3.60B, resulting in an operating margin of 10.0%.
WMB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Williams Companies, Inc. reported an operating income of 1.32B and revenue of 3.03B, resulting in an operating margin of 43.6%.
CQP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cheniere Energy Partners, L.P. reported a net income of 186.00M and revenue of 3.60B, resulting in a net margin of 5.2%.
WMB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Williams Companies, Inc. reported a net income of 865.00M and revenue of 3.03B, resulting in a net margin of 28.6%.
Frequently Asked Questions
CQP and WMB have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WMB has higher volatility (8.61%) compared to CQP (8.26%). In terms of maximum drawdown, CQP dropped -78.46% vs WMB's -98.03%.
WMB currently has the higher Sharpe Ratio (0.88 vs 0.52), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for CQP and WMB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer