WLKP vs. CE
WLKP (Westlake Chemical Partners LP) and CE (Celanese Corporation) are both stocks. Both operate in the Chemicals industry within the Basic Materials sector. Over the past 10 years, WLKP returned 9.45%/yr vs -0.90%/yr for CE. At a 0.30 correlation, their price movements are largely independent.
Performance
WLKP vs. CE - Performance Comparison
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Returns By Period
In the year-to-date period, WLKP achieves a 23.92% return, which is significantly higher than CE's 17.74% return. Over the past 10 years, WLKP has outperformed CE with an annualized return of 9.45%, while CE has yielded a comparatively lower -0.90% annualized return.
WLKP
- 1D
- -0.13%
- 1M
- 0.31%
- YTD
- 23.92%
- 6M
- 23.27%
- 1Y
- 12.41%
- 3Y*
- 10.39%
- 5Y*
- 4.72%
- 10Y*
- 9.45%
CE
- 1D
- -2.80%
- 1M
- -5.08%
- YTD
- 17.74%
- 6M
- 16.53%
- 1Y
- -6.86%
- 3Y*
- -22.23%
- 5Y*
- -18.40%
- 10Y*
- -0.90%
WLKP vs. CE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WLKP Westlake Chemical Partners LP | 23.92% | -10.50% | 16.18% | 0.11% | -5.77% | 21.20% | -0.82% | 18.54% | 3.55% | 22.38% |
CE Celanese Corporation | 17.74% | -38.76% | -54.57% | 55.69% | -37.77% | 31.75% | 8.25% | 39.85% | -14.31% | 38.52% |
Correlation
The correlation between WLKP and CE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2014 | 0.30 |
Fundamentals
WLKP:
$7.38
CE:
-$9.33
WLKP:
0.48
CE:
0.58
WLKP:
$1.23B
CE:
$9.49B
WLKP:
$387.53M
CE:
$1.91B
WLKP:
$432.51M
CE:
$148.00M
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Return for Risk
WLKP vs. CE — Risk / Return Rank
WLKP
CE
WLKP vs. CE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Westlake Chemical Partners LP (WLKP) and Celanese Corporation (CE). 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.
| WLKP | CE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.03 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | -0.16 | +0.86 |
| Martin ratioReturn relative to average drawdown | 1.81 | -0.28 | +2.09 |
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Drawdowns
WLKP vs. CE - Drawdown Comparison
The maximum WLKP drawdown since its inception was -60.17%, smaller than the maximum CE drawdown of -84.87%. Use the drawdown chart below to compare losses from any high point for WLKP and CE.
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Drawdown Indicators
| WLKP | CE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.17% | -84.87% | +24.70% |
Max Drawdown (1Y)Largest decline over 1 year | -17.87% | -42.98% | +25.11% |
Max Drawdown (3Y)Largest decline over 3 years | -21.77% | -78.96% | +57.19% |
Max Drawdown (5Y)Largest decline over 5 years | -29.23% | -78.96% | +49.73% |
Max Drawdown (10Y)Largest decline over 10 years | -60.17% | -78.96% | +18.79% |
Current DrawdownCurrent decline from peak | -3.26% | -70.52% | +67.26% |
Average DrawdownAverage peak-to-trough decline | -14.98% | -20.74% | +5.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.88% | 24.29% | -17.41% |
Volatility
WLKP vs. CE - Volatility Comparison
The current volatility for Westlake Chemical Partners LP (WLKP) is 3.52%, while Celanese Corporation (CE) has a volatility of 11.53%. This indicates that WLKP experiences smaller price fluctuations and is considered to be less risky than CE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WLKP | CE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.52% | 11.53% | -8.01% |
Volatility (6M)Calculated over the trailing 6-month period | 13.61% | 39.86% | -26.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.59% | 56.25% | -37.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.29% | 45.19% | -24.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.21% | 39.29% | -12.08% |
Dividends
WLKP vs. CE - Dividend Comparison
WLKP's dividend yield for the trailing twelve months is around 8.35%, more than CE's 0.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CE Celanese Corporation | 0.24% | 0.28% | 4.05% | 1.80% | 2.68% | 1.62% | 1.91% | 1.95% | 2.31% | 1.62% | 1.75% | 1.71% |
WLKP Westlake Chemical Partners LP | 8.35% | 9.92% | 8.15% | 8.71% | 8.02% | 7.02% | 7.91% | 6.81% | 6.69% | 5.77% | 5.94% | 5.18% |
Financials
WLKP vs. CE - Financials Comparison
This section allows you to compare key financial metrics between Westlake Chemical Partners LP and Celanese Corporation. 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
WLKP vs. CE - Profitability Comparison
WLKP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Westlake Chemical Partners LP reported a gross profit of 93.76M and revenue of 305.68M. Therefore, the gross margin over that period was 30.7%.
CE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Celanese Corporation reported a gross profit of 468.00M and revenue of 2.34B. Therefore, the gross margin over that period was 20.0%.
WLKP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Westlake Chemical Partners LP reported an operating income of 86.57M and revenue of 305.68M, resulting in an operating margin of 28.3%.
CE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Celanese Corporation reported an operating income of 214.00M and revenue of 2.34B, resulting in an operating margin of 9.2%.
WLKP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Westlake Chemical Partners LP reported a net income of 81.66M and revenue of 305.68M, resulting in a net margin of 26.7%.
CE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Celanese Corporation reported a net income of 115.00M and revenue of 2.34B, resulting in a net margin of 4.9%.
Frequently Asked Questions
WLKP and CE have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CE has higher volatility (11.53%) compared to WLKP (3.52%). In terms of maximum drawdown, WLKP dropped -60.17% vs CE's -84.87%.
WLKP currently has the higher Sharpe Ratio (0.67 vs -0.12), 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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