DAL vs KGEI: Correlation
Measured on weekly returns over the past three years, Delta Air Lines (DAL) and Kolibri Global Energy Inc. (KGEI) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DAL and KGEI?
Across a 3-year window, the weekly returns of DAL and KGEI correlate at -0.21, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.48) than the 3-year average (-0.21). Stretching to 5 years gives 0.04, with an annualized covariance of -390.2 %².
Among the 33 assets we track against DAL, KGEI ranks #27 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DAL outperformed by 28.3 percentage points (+33.9% for DAL against +5.6% for KGEI).
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.
DAL vs KGEI: side by side
| DAL (Delta Air Lines) | KGEI (Kolibri Global Energy Inc.) | |
|---|---|---|
| 1-year return | +33.9% | +5.6% |
| 5-year return | +110.6% | +631.2% |
| Volatility (ann.) | 37.1% | 51.1% |
| Beta vs S&P 500 | 1.17 | 0.13 |
| Max drawdown (3Y) | -47.9% | -64.7% |
| Market cap | – | $0.2B |
| P/E (trailing) | 13.8 | 10.6 |
| Dividend yield | 0.94% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | DAL | KGEI |
|---|---|---|
| 2022 | -15.9% | +391.7% |
| 2023 | +23.0% | +27.1% |
| 2024 | +52.0% | +41.9% |
| 2025 | +16.1% | -26.1% |
| 2026 | +17.8% | +48.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DAL and KGEI 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 DAL and KGEI?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.48 over the last year and 0.04 over 5 years.
Is KGEI a good diversifier for DAL?
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dal-vs-kgei.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dal-vs-kgei/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DAL correlations · KGEI correlations
