EQT vs. WMB
EQT (EQT Corporation) and WMB (The Williams Companies, Inc.) are both stocks. Both are in the Energy sector — EQT in Oil & Gas E&P, WMB in Oil & Gas Midstream. Over the past 10 years, EQT returned 2.91%/yr vs 18.06%/yr for WMB. At a 0.38 correlation, their price movements are largely independent.
Performance
EQT vs. WMB - Performance Comparison
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Returns By Period
In the year-to-date period, EQT achieves a -4.07% return, which is significantly lower than WMB's 20.27% return. Over the past 10 years, EQT has underperformed WMB with an annualized return of 2.91%, while WMB has yielded a comparatively higher 18.06% annualized return.
EQT
- 1D
- -0.47%
- 1M
- -11.00%
- YTD
- -4.07%
- 6M
- -5.41%
- 1Y
- -12.13%
- 3Y*
- 10.41%
- 5Y*
- 23.13%
- 10Y*
- 2.91%
WMB
- 1D
- -0.32%
- 1M
- -7.61%
- YTD
- 20.27%
- 6M
- 22.86%
- 1Y
- 25.66%
- 3Y*
- 37.97%
- 5Y*
- 28.02%
- 10Y*
- 18.06%
EQT vs. WMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EQT EQT Corporation | -4.07% | 17.64% | 21.41% | 16.20% | 57.64% | 71.60% | 17.27% | -41.82% | -38.82% | -12.80% |
WMB The Williams Companies, Inc. | 20.27% | 14.91% | 62.35% | 11.86% | 32.83% | 38.36% | -8.20% | 14.18% | -23.88% | 2.02% |
Correlation
The correlation between EQT and WMB is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 1987 | 0.38 |
The correlation between EQT and WMB shifts across timeframes, from 0.38 (all time) to 0.56 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
EQT:
$31.96B
WMB:
$87.14B
EQT:
$5.40
WMB:
$2.28
EQT:
9.46
WMB:
31.19
EQT:
0.08
WMB:
1.62
EQT:
3.16
WMB:
7.30
EQT:
1.27
WMB:
6.73
EQT:
$10.03B
WMB:
$11.92B
EQT:
$6.43B
WMB:
$7.49B
EQT:
$7.48B
WMB:
$6.88B
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Return for Risk
EQT vs. WMB — Risk / Return Rank
EQT
WMB
EQT vs. WMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for EQT Corporation (EQT) 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.
| EQT | WMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.50 | ||
| Sortino ratioReturn per unit of downside risk | -1.93 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.20 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 2.09 | -2.57 |
| Martin ratioReturn relative to average drawdown | -1.03 | 4.35 | -5.38 |
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Drawdowns
EQT vs. WMB - Drawdown Comparison
The maximum EQT drawdown since its inception was -91.51%, smaller than the maximum WMB drawdown of -98.03%. Use the drawdown chart below to compare losses from any high point for EQT and WMB.
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Drawdown Indicators
| EQT | WMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.51% | -98.03% | +6.52% |
Max Drawdown (1Y)Largest decline over 1 year | -25.08% | -12.36% | -12.72% |
Max Drawdown (3Y)Largest decline over 3 years | -31.62% | -12.36% | -19.26% |
Max Drawdown (5Y)Largest decline over 5 years | -42.56% | -23.01% | -19.55% |
Max Drawdown (10Y)Largest decline over 10 years | -88.28% | -68.08% | -20.20% |
Current DrawdownCurrent decline from peak | -24.52% | -9.60% | -14.92% |
Average DrawdownAverage peak-to-trough decline | -23.34% | -27.06% | +3.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.78% | 5.91% | +5.87% |
Volatility
EQT vs. WMB - Volatility Comparison
EQT Corporation (EQT) has a higher volatility of 8.16% compared to The Williams Companies, Inc. (WMB) at 6.76%. This indicates that EQT's price experiences larger fluctuations and is considered to be riskier than WMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EQT | WMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.16% | 6.76% | +1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 21.13% | 15.55% | +5.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.36% | 22.97% | +9.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.74% | 23.61% | +19.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.91% | 30.89% | +18.02% |
Dividends
EQT vs. WMB - Dividend Comparison
EQT's dividend yield for the trailing twelve months is around 1.28%, less than WMB's 2.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQT EQT Corporation | 1.28% | 1.19% | 1.37% | 1.57% | 1.63% | 0.00% | 0.24% | 1.10% | 0.42% | 0.21% | 0.18% | 0.23% |
WMB The Williams Companies, Inc. | 2.88% | 3.33% | 3.51% | 5.14% | 5.17% | 6.30% | 7.98% | 6.41% | 6.17% | 3.94% | 5.39% | 9.53% |
Financials
EQT vs. WMB - Financials Comparison
This section allows you to compare key financial metrics between EQT Corporation 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
EQT vs. WMB - Profitability Comparison
EQT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, EQT Corporation reported a gross profit of 3.32B and revenue of 3.38B. Therefore, the gross margin over that period was 98.4%.
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%.
EQT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, EQT Corporation reported an operating income of 2.04B and revenue of 3.38B, resulting in an operating margin of 60.3%.
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%.
EQT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, EQT Corporation reported a net income of 1.55B and revenue of 3.38B, resulting in a net margin of 46.0%.
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
EQT and WMB have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EQT has higher volatility (8.16%) compared to WMB (6.76%). In terms of maximum drawdown, EQT dropped -91.51% vs WMB's -98.03%.
WMB currently has the higher Sharpe Ratio (1.12 vs -0.38), 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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