ATMP vs KMI: Correlation
How closely do iPath Select MLP ETN (ATMP) and Kinder Morgan (KMI) trade together? Their weekly returns over three years give a correlation of 0.79, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATMP and KMI?
Across a 3-year window, the weekly returns of ATMP and KMI correlate at 0.79, strong. Recent behaviour matches the longer record: 0.81 over 1 year against 0.79 over 3. Stretching to 5 years gives 0.83, with an annualized covariance of 298.2 %².
By 3-year correlation, KMI places #10 of the 37 assets tracked against ATMP. Over the last 12 months ATMP came out ahead by 12.1 percentage points (+34.4% against +22.3%).
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.
ATMP vs KMI: side by side
| ATMP (iPath Select MLP ETN) | KMI (Kinder Morgan) | |
|---|---|---|
| 1-year return | +34.4% | +22.3% |
| 5-year return | +216.1% | +153.0% |
| Volatility (ann.) | 17.0% | 22.1% |
| Beta vs S&P 500 | 0.28 | 0.29 |
| Max drawdown (3Y) | -15.6% | -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 | ATMP | KMI |
|---|---|---|
| 2022 | +27.5% | +21.2% |
| 2023 | +21.6% | +4.1% |
| 2024 | +38.7% | +64.4% |
| 2025 | +7.0% | +4.8% |
| 2026 | +32.0% | +18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATMP and KMI good diversifiers for each other?
To a limited degree. At 0.79 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ATMP and KMI?
As of 2026-08-27, the correlation of weekly returns between ATMP and KMI is 0.79 over 3 years, 0.81 over 1 year and 0.83 over 5 years.
Is KMI a good diversifier for ATMP?
To a limited degree. At 0.79 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.79 mean?
A reading of 0.79 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/atmp-vs-kmi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/atmp-vs-kmi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ATMP correlations · KMI correlations
