I have an Airport Extreme, not Express
Assuming they are both tower model.. you should be ok streaming.. but the setup is still not ideal.
You need to check the link speed at both ends.. this is easy on the Extreme end.. just hover your mouse pointer over the connection.. and it will show you a speed.
Like this..
See where it says in the summary screen connection: Unknown
hover the mouse over unknown and wait a couple of sec. another popup will come with the actual link speed and signal.

On the TC side you might also be able to find out what the speed is by hovering your mouse over the connection.. under wireless clients, although this kind of setup often does not show up.
The problem still as Bob pointed out as well as myself.. repeater wireless setup will halve the speed.
What I don't understand is that I constantly run speed tests through my Apple TV and it always shows a solid 99-102 mbps. When I take the Airport Extreme off of my network and just use the Time Capsule, signal drops and I usually get about 50-60 mbps at the Apple TV
You might find even if the speed is lower the actual latency is better.. direct to the TC.
And streaming through double hop wireless just spells trouble.
As another question.. is the Airport Extreme sitting in the Apple TV location which is plugged into it by ethernet.
If you currently use the Extreme at a mid point to enhance wireless signal.. you might actually find the TC to AE direct.. and using the clients by ethernet really works.
Powerline Adapters so thank you for pointing those out. I'll need to check into them as I'm not entirely sure I want to pay someone a big chunk of cash to run a dedicated Ethernet line to my TV.
Check the price of a pair of TP-Link Or Netgear AV1200 or AV2000 model power line..
https://www.smallnetbuilder.com/tools/rankers/powerline/view
They simply use your power cabling as a medium to run high speed connections with suitable adapters.. these have improved dramatically in the last few years..
In my house in the midst of renovations I needed to cut my ethernet connections so used a pair of TP-Link 1200 from one end of upstairs to the other end downstairs.. on a very large house and got >250Mbps .. it is not gigabit.. but it is pretty darn good.