WMB vs. EPD
WMB (The Williams Companies, Inc.) and EPD (Enterprise Products Partners L.P.) are both stocks. Both operate in the Oil & Gas Midstream industry within the Energy sector. Over the past 10 years, WMB returned 17.53%/yr vs 10.31%/yr for EPD. At a 0.43 correlation, their price movements are largely independent.
Performance
WMB vs. EPD - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with WMB having a 25.18% return and EPD slightly lower at 24.71%. Over the past 10 years, WMB has outperformed EPD with an annualized return of 17.53%, while EPD has yielded a comparatively lower 10.31% annualized return.
WMB
- 1D
- 1.06%
- 1M
- 1.42%
- 6M
- 22.25%
- YTD
- 25.18%
- 1Y
- 28.92%
- 3Y*
- 35.09%
- 5Y*
- 29.83%
- 10Y*
- 17.53%
- ALL TIME*
- 10.52%
EPD
- 1D
- 1.52%
- 1M
- 5.96%
- 6M
- 21.53%
- YTD
- 24.71%
- 1Y
- 32.06%
- 3Y*
- 21.21%
- 5Y*
- 18.64%
- 10Y*
- 10.31%
- ALL TIME*
- 14.20%
WMB vs. EPD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WMB The Williams Companies, Inc. | 25.18% | 14.91% | 62.35% | 11.86% | 32.83% | 38.36% | -8.20% | 14.18% | -23.88% | 2.02% |
EPD Enterprise Products Partners L.P. | 24.71% | 9.45% | 28.00% | 17.71% | 18.32% | 21.40% | -23.61% | 21.88% | -1.32% | 4.24% |
Correlation
The correlation between WMB and EPD 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 | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 1998 | 0.43 |
The correlation between WMB and EPD shifts across timeframes, from 0.43 (all time) to 0.60 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
WMB:
$90.70B
EPD:
$83.90B
WMB:
$2.28
EPD:
$2.69
WMB:
32.47
EPD:
14.39
WMB:
1.69
EPD:
2.31
WMB:
7.60
EPD:
1.64
WMB:
$11.92B
EPD:
$51.57B
WMB:
$7.49B
EPD:
$7.31B
WMB:
$6.88B
EPD:
$10.11B
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Return for Risk
WMB vs. EPD — Risk / Return Rank
WMB
EPD
WMB vs. EPD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Williams Companies, Inc. (WMB) and Enterprise Products Partners L.P. (EPD). 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 | EPD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.34 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 3.46 | -1.11 |
| Martin ratioReturn relative to average drawdown | 5.61 | 9.87 | -4.26 |
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Drawdowns
WMB vs. EPD - Drawdown Comparison
The maximum WMB drawdown since its inception was -98.03%, which is greater than EPD's maximum drawdown of -58.78%. Use the drawdown chart below to compare losses from any high point for WMB and EPD.
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Drawdown Indicators
| WMB | EPD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.03% | -58.78% | -39.25% |
Max Drawdown (1Y)Largest decline over 1 year | -12.36% | -9.32% | -3.04% |
Max Drawdown (3Y)Largest decline over 3 years | -12.36% | -15.40% | +3.04% |
Max Drawdown (5Y)Largest decline over 5 years | -23.01% | -18.06% | -4.95% |
Max Drawdown (10Y)Largest decline over 10 years | -68.08% | -58.04% | -10.04% |
Current DrawdownCurrent decline from peak | -5.91% | -2.56% | -3.35% |
Average DrawdownAverage peak-to-trough decline | -27.02% | -10.21% | -16.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.18% | 3.26% | +1.92% |
Volatility
WMB vs. EPD - Volatility Comparison
The Williams Companies, Inc. (WMB) has a higher volatility of 8.05% compared to Enterprise Products Partners L.P. (EPD) at 6.72%. This indicates that WMB's price experiences larger fluctuations and is considered to be riskier than EPD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WMB | EPD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.05% | 6.72% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 16.60% | 14.71% | +1.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.68% | 16.96% | +5.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.67% | 17.22% | +6.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.57% | 24.15% | +6.42% |
Dividends
WMB vs. EPD - Dividend Comparison
WMB's dividend yield for the trailing twelve months is around 2.76%, less than EPD's 5.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPD Enterprise Products Partners L.P. | 5.65% | 6.74% | 6.63% | 7.51% | 7.79% | 8.20% | 9.09% | 6.23% | 6.97% | 6.29% | 5.88% | 5.90% |
WMB The Williams Companies, Inc. | 2.76% | 3.33% | 3.51% | 5.14% | 5.17% | 6.30% | 7.98% | 6.41% | 6.17% | 3.94% | 5.39% | 9.53% |
Financials
WMB vs. EPD - Financials Comparison
This section allows you to compare key financial metrics between The Williams Companies, Inc. and Enterprise Products Partners L.P.. 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
WMB vs. EPD - Profitability Comparison
WMB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
EPD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Enterprise Products Partners L.P. reported a gross profit of 1.88B and revenue of 14.39B. Therefore, the gross margin over that period was 13.1%.
WMB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 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%.
EPD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Enterprise Products Partners L.P. reported an operating income of 1.82B and revenue of 14.39B, resulting in an operating margin of 12.6%.
WMB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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%.
EPD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Enterprise Products Partners L.P. reported a net income of 1.48B and revenue of 14.39B, resulting in a net margin of 10.3%.
Frequently Asked Questions
WMB and EPD 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.
WMB has higher volatility (8.05%) compared to EPD (6.72%). In terms of maximum drawdown, WMB dropped -98.03% vs EPD's -58.78%.
EPD currently has the higher Sharpe Ratio (1.90 vs 1.28), 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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