AM vs KMI: Correlation
Antero Midstream Corporation (AM) and Kinder Morgan (KMI) show a strong relationship: their 3-year correlation of weekly returns is 0.72.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AM and KMI?
On 3 years of weekly data the AM/KMI correlation comes out at 0.72, strong. Recent behaviour matches the longer record: 0.80 over 1 year against 0.72 over 3. The 5-year figure is 0.77, and annualized covariance runs at 358.7 %².
KMI is one of the assets that tracks AM most closely: it ranks #3 out of the 15 assets we track against AM. The trailing year gives AM the advantage: +33.1% versus +22.3%, a 10.8-point spread.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AM vs KMI: side by side
| AM (Antero Midstream Corporation) | KMI (Kinder Morgan) | |
|---|---|---|
| 1-year return | +33.1% | +22.3% |
| 5-year return | +230.4% | +153.0% |
| Volatility (ann.) | 22.6% | 22.1% |
| Beta vs S&P 500 | 0.24 | 0.29 |
| Max drawdown (3Y) | -14.0% | -18.4% |
| Market cap | $10.7B | $70.2B |
| P/E (trailing) | 27.1 | 20.6 |
| Dividend yield | 3.98% | 3.69% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | AM | KMI |
|---|---|---|
| 2022 | +22.0% | +21.2% |
| 2023 | +25.7% | +4.1% |
| 2024 | +28.5% | +64.4% |
| 2025 | +24.4% | +4.8% |
| 2026 | +30.9% | +18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AM and KMI good diversifiers for each other?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AM and KMI?
Using weekly returns as of 2026-08-27: 0.72 over 3 years, with 0.80 over the last year and 0.77 over 5 years.
Is KMI a good diversifier for AM?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.72 mean?
A reading of 0.72 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/am-vs-kmi.json
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Related comparisons
Hubs: AM correlations · KMI correlations
