WMB vs. AMLP
WMB (The Williams Companies, Inc.) is a stock, while AMLP (Alerian MLP ETF) is MLPs fund tracking the Alerian MLP Infrastructure Index. Over the past 10 years, WMB returned 19.28%/yr vs 6.92%/yr for AMLP. A 0.65 correlation means they provide meaningful diversification when combined.
Performance
WMB vs. AMLP - Performance Comparison
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Returns By Period
In the year-to-date period, WMB achieves a 21.67% return, which is significantly higher than AMLP's 15.29% return. Over the past 10 years, WMB has outperformed AMLP with an annualized return of 19.28%, while AMLP has yielded a comparatively lower 6.92% annualized return.
WMB
- 1D
- 1.39%
- 1M
- -6.54%
- YTD
- 21.67%
- 6M
- 22.42%
- 1Y
- 24.40%
- 3Y*
- 38.58%
- 5Y*
- 26.67%
- 10Y*
- 19.28%
AMLP
- 1D
- -0.34%
- 1M
- -3.23%
- YTD
- 15.29%
- 6M
- 14.35%
- 1Y
- 15.02%
- 3Y*
- 20.22%
- 5Y*
- 15.26%
- 10Y*
- 6.92%
WMB vs. AMLP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
AMLP Alerian MLP ETF | 15.29% | 5.78% | 22.76% | 21.40% | 25.47% | 39.09% | -32.26% | 5.99% | -12.67% | -7.89% |
Correlation
The correlation between WMB and AMLP is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Aug 25, 2010 | 0.65 |
The correlation between WMB and AMLP shifts across timeframes, from 0.59 (1 year) to 0.71 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
WMB vs. AMLP — Risk / Return Rank
WMB
AMLP
WMB vs. AMLP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Williams Companies, Inc. (WMB) and Alerian MLP ETF (AMLP). 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.
| WMB | AMLP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.22 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 1.66 | +0.36 |
| Martin ratioReturn relative to average drawdown | 4.27 | 5.35 | -1.08 |
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Drawdowns
WMB vs. AMLP - Drawdown Comparison
The maximum WMB drawdown since its inception was -98.03%, which is greater than AMLP's maximum drawdown of -77.19%. Use the drawdown chart below to compare losses from any high point for WMB and AMLP.
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Drawdown Indicators
| WMB | AMLP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.03% | -77.19% | -20.84% |
Max Drawdown (1Y)Largest decline over 1 year | -12.36% | -8.94% | -3.42% |
Max Drawdown (3Y)Largest decline over 3 years | -12.36% | -14.27% | +1.91% |
Max Drawdown (5Y)Largest decline over 5 years | -23.01% | -20.92% | -2.09% |
Max Drawdown (10Y)Largest decline over 10 years | -68.08% | -72.62% | +4.54% |
Current DrawdownCurrent decline from peak | -8.55% | -4.94% | -3.61% |
Average DrawdownAverage peak-to-trough decline | -27.07% | -17.37% | -9.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.82% | 2.77% | +3.05% |
Volatility
WMB vs. AMLP - Volatility Comparison
The Williams Companies, Inc. (WMB) has a higher volatility of 7.36% compared to Alerian MLP ETF (AMLP) at 4.71%. This indicates that WMB's price experiences larger fluctuations and is considered to be riskier than AMLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WMB | AMLP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.36% | 4.71% | +2.65% |
Volatility (6M)Calculated over the trailing 6-month period | 15.58% | 8.77% | +6.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.00% | 11.84% | +11.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.62% | 19.95% | +3.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.95% | 27.67% | +3.28% |
Dividends
WMB vs. AMLP - Dividend Comparison
WMB's dividend yield for the trailing twelve months is around 3.54%, less than AMLP's 7.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMLP Alerian MLP ETF | 7.71% | 8.36% | 7.70% | 7.86% | 7.70% | 8.55% | 12.31% | 9.12% | 9.29% | 7.97% | 8.09% | 9.84% |
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% |
Frequently Asked Questions
WMB and AMLP have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WMB has higher volatility (7.36%) compared to AMLP (4.71%). In terms of maximum drawdown, WMB dropped -98.03% vs AMLP's -77.19%.
AMLP currently has the higher Sharpe Ratio (1.25 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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