DKL vs. WMB
DKL (Delek Logistics Partners, LP) 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, DKL returned 18.34%/yr vs 19.28%/yr for WMB. At a 0.33 correlation, their price movements are largely independent.
Performance
DKL vs. WMB - Performance Comparison
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Returns By Period
In the year-to-date period, DKL achieves a 24.01% return, which is significantly higher than WMB's 21.67% return. Over the past 10 years, DKL has underperformed WMB with an annualized return of 18.34%, while WMB has yielded a comparatively higher 19.28% annualized return.
DKL
- 1D
- -1.47%
- 1M
- 3.96%
- YTD
- 24.01%
- 6M
- 23.65%
- 1Y
- 34.22%
- 3Y*
- 11.57%
- 5Y*
- 13.82%
- 10Y*
- 18.34%
WMB
- 1D
- 1.39%
- 1M
- -4.09%
- YTD
- 21.67%
- 6M
- 22.42%
- 1Y
- 24.82%
- 3Y*
- 38.58%
- 5Y*
- 26.67%
- 10Y*
- 19.28%
DKL vs. WMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DKL Delek Logistics Partners, LP | 24.01% | 17.18% | 9.40% | 4.36% | 14.39% | 45.88% | 14.34% | 21.52% | 2.07% | 20.80% |
WMB The Williams Companies, Inc. | 21.67% | 14.91% | 62.35% | 11.86% | 32.83% | 38.36% | -8.20% | 14.18% | -23.88% | 2.02% |
Correlation
The correlation between DKL and WMB is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2012 | 0.33 |
Fundamentals
DKL:
$2.84B
WMB:
$88.15B
DKL:
$3.17
WMB:
$2.28
DKL:
16.72
WMB:
31.55
DKL:
2.68
WMB:
7.39
DKL:
$1.06B
WMB:
$11.92B
DKL:
$158.42M
WMB:
$7.49B
DKL:
$449.11M
WMB:
$6.88B
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Return for Risk
DKL vs. WMB — Risk / Return Rank
DKL
WMB
DKL vs. WMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delek Logistics Partners, LP (DKL) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DKL | WMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.20 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.97 | 2.02 | +0.95 |
| Martin ratioReturn relative to average drawdown | 8.54 | 4.27 | +4.27 |
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Drawdowns
DKL vs. WMB - Drawdown Comparison
The maximum DKL drawdown since its inception was -82.68%, smaller than the maximum WMB drawdown of -98.03%. Use the drawdown chart below to compare losses from any high point for DKL and WMB.
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Drawdown Indicators
| DKL | WMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.68% | -98.03% | +15.35% |
Max Drawdown (1Y)Largest decline over 1 year | -11.58% | -12.36% | +0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -35.26% | -12.36% | -22.90% |
Max Drawdown (5Y)Largest decline over 5 years | -36.61% | -23.01% | -13.60% |
Max Drawdown (10Y)Largest decline over 10 years | -82.68% | -68.08% | -14.60% |
Current DrawdownCurrent decline from peak | -1.47% | -8.55% | +7.08% |
Average DrawdownAverage peak-to-trough decline | -15.24% | -27.07% | +11.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.02% | 5.82% | -1.80% |
Volatility
DKL vs. WMB - Volatility Comparison
Delek Logistics Partners, LP (DKL) and The Williams Companies, Inc. (WMB) have volatilities of 7.59% and 7.36%, 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.
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Volatility by Period
| DKL | WMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.59% | 7.36% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 20.18% | 15.58% | +4.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.37% | 23.00% | +1.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.04% | 23.62% | +7.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.91% | 30.95% | +12.96% |
Dividends
DKL vs. WMB - Dividend Comparison
DKL's dividend yield for the trailing twelve months is around 8.47%, more than WMB's 3.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DKL Delek Logistics Partners, LP | 8.47% | 9.97% | 10.79% | 9.56% | 8.69% | 8.71% | 11.19% | 10.51% | 10.38% | 8.80% | 8.70% | 6.05% |
WMB The Williams Companies, Inc. | 3.54% | 3.33% | 3.51% | 5.14% | 5.17% | 6.30% | 7.98% | 6.41% | 6.17% | 3.94% | 5.39% | 9.53% |
Financials
DKL vs. WMB - Financials Comparison
This section allows you to compare key financial metrics between Delek Logistics Partners, LP 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
DKL vs. WMB - Profitability Comparison
DKL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Delek Logistics Partners, LP reported a gross profit of 0.00 and revenue of 297.47M. 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%.
DKL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Delek Logistics Partners, LP reported an operating income of 40.01M and revenue of 297.47M, resulting in an operating margin of 13.5%.
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%.
DKL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Delek Logistics Partners, LP reported a net income of 32.35M and revenue of 297.47M, resulting in a net margin of 10.9%.
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
DKL and WMB have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DKL has higher volatility (7.59%) compared to WMB (7.36%). In terms of maximum drawdown, DKL dropped -82.68% vs WMB's -98.03%.
DKL currently has the higher Sharpe Ratio (1.41 vs 1.08), 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.
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