CLNN vs KNTK: Correlation
Clene Inc. (CLNN) and Kinetik Holdings Inc. (KNTK) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLNN and KNTK?
Over the past 3 years, CLNN and KNTK moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.40) runs below the 3-year figure (-0.21). Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -784.0 %².
Among the 11 assets we track against CLNN, KNTK sits near the bottom by co-movement, at rank #9. Correlation aside, the last 12 months split them widely, with KNTK ahead by 56.5 points (-16.9% versus +39.6%). One caveat on sizing: CLNN is 3.4 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.
CLNN vs KNTK: side by side
| CLNN (Clene Inc.) | KNTK (Kinetik Holdings Inc.) | |
|---|---|---|
| 1-year return | -16.9% | +39.6% |
| 5-year return | -97.1% | +147.1% |
| Volatility (ann.) | 111.8% | 33.1% |
| Beta vs S&P 500 | 1.72 | 0.63 |
| Max drawdown (3Y) | -84.4% | -49.0% |
| Market cap | $0.1B | $9.2B |
| P/E (trailing) | – | 19.3 |
| Dividend yield | 0.00% | 5.83% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLNN | KNTK |
|---|---|---|
| 2022 | -75.6% | +14.6% |
| 2023 | -70.0% | +10.9% |
| 2024 | -11.5% | +83.1% |
| 2025 | +10.5% | -31.9% |
| 2026 | -23.9% | +59.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLNN and KNTK good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CLNN and KNTK?
The CLNN/KNTK correlation stands at -0.21 on a 3-year window (1 year: -0.40, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is KNTK a good diversifier for CLNN?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 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: CLNN correlations · KNTK correlations
