ASTC vs KMI: Correlation
How closely do Astrotech Corporation (ASTC) and Kinder Morgan (KMI) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASTC and KMI?
On 3 years of weekly data the ASTC/KMI correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.39) runs below the 3-year figure (-0.23). The 5-year figure is -0.16, and annualized covariance runs at -6169.0 %².
Within ASTC's tracked universe of 47 assets, KMI comes in at #31 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ASTC ahead by 15.2 points (+37.5% versus +22.3%). One caveat on sizing: ASTC is 54.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ASTC vs KMI: side by side
| ASTC (Astrotech Corporation) | KMI (Kinder Morgan) | |
|---|---|---|
| 1-year return | +37.5% | +22.3% |
| 5-year return | -78.4% | +153.0% |
| Volatility (ann.) | 1206.9% | 22.1% |
| Beta vs S&P 500 | 4.81 | 0.29 |
| Max drawdown (3Y) | -87.5% | -18.4% |
| Market cap | – | $70.2B |
| P/E (trailing) | – | 20.6 |
| Dividend yield | 0.00% | 3.69% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | ASTC | KMI |
|---|---|---|
| 2022 | -51.0% | +21.2% |
| 2023 | -15.0% | +4.1% |
| 2024 | -20.8% | +64.4% |
| 2025 | -48.5% | +4.8% |
| 2026 | +105.8% | +18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASTC and KMI good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between ASTC and KMI?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.39 over the last year and -0.16 over 5 years.
Is KMI a good diversifier for ASTC?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: ASTC correlations · KMI correlations
