BCTX vs KMI: Correlation
BriaCell Therapeutics Corp. (BCTX) and Kinder Morgan (KMI) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCTX and KMI?
Across a 3-year window, the weekly returns of BCTX and KMI correlate at -0.26, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.30 lands near the 3-year figure. Stretching to 5 years gives -0.18, with an annualized covariance of -3868.7 %².
Among the 31 assets we track against BCTX, KMI ranks #24 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months KMI outperformed by 73.5 percentage points (-51.2% for BCTX against +22.3% for KMI). Note the risk asymmetry: BCTX runs 30.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BCTX vs KMI: side by side
| BCTX (BriaCell Therapeutics Corp.) | KMI (Kinder Morgan) | |
|---|---|---|
| 1-year return | -51.2% | +22.3% |
| 5-year return | -94.5% | +153.0% |
| Volatility (ann.) | 676.8% | 22.1% |
| Beta vs S&P 500 | -1.17 | 0.29 |
| Max drawdown (3Y) | -96.3% | -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 | BCTX | KMI |
|---|---|---|
| 2022 | -47.2% | +21.2% |
| 2023 | +33.9% | +4.1% |
| 2024 | -90.4% | +64.4% |
| 2025 | +27.0% | +4.8% |
| 2026 | -47.8% | +18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCTX and KMI good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BCTX and KMI?
As of 2026-08-27, the correlation of weekly returns between BCTX and KMI is -0.26 over 3 years, -0.30 over 1 year and -0.18 over 5 years.
Is KMI a good diversifier for BCTX?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 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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Hubs: BCTX correlations · KMI correlations
