AMUB vs KMI: Correlation
Measured on weekly returns over the past three years, ETRACS Alerian MLP Index ETN Series B due July 18, 2042 (AMUB) and Kinder Morgan (KMI) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMUB and KMI?
Over the past 3 years, AMUB and KMI moved with a correlation of 0.63, which is strong. Little has changed lately, as the 1-year reading of 0.63 lands near the 3-year figure. Over 5 years the correlation is 0.75, and the annualized covariance of weekly returns is 228.2 %².
Among the 20 assets we track against AMUB, KMI ranks #11 by 3-year correlation. The trailing year gives AMUB the advantage: +30.9% versus +22.3%, a 8.6-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.
AMUB vs KMI: side by side
| AMUB (ETRACS Alerian MLP Index ETN Series B due July 18, 2042) | KMI (Kinder Morgan) | |
|---|---|---|
| 1-year return | +30.9% | +22.3% |
| 5-year return | +191.0% | +153.0% |
| Volatility (ann.) | 16.5% | 22.1% |
| Beta vs S&P 500 | 0.31 | 0.29 |
| Max drawdown (3Y) | -17.0% | -18.4% |
| Market cap | – | $70.2B |
| P/E (trailing) | – | 20.6 |
| Dividend yield | – | 3.69% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | AMUB | KMI |
|---|---|---|
| 2022 | +29.9% | +21.2% |
| 2023 | +25.4% | +4.1% |
| 2024 | +23.0% | +64.4% |
| 2025 | +8.7% | +4.8% |
| 2026 | +29.6% | +18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMUB and KMI good diversifiers for each other?
Only partially. A correlation of 0.63 means AMUB and KMI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AMUB and KMI?
As of 2026-08-27, the correlation of weekly returns between AMUB and KMI is 0.63 over 3 years, 0.63 over 1 year and 0.75 over 5 years.
Is KMI a good diversifier for AMUB?
Only partially. A correlation of 0.63 means AMUB and KMI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.63 mean?
A reading of 0.63 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AMUB correlations · KMI correlations
