DTM vs KMI: Correlation
How closely do DT Midstream, Inc. (DTM) and Kinder Morgan (KMI) trade together? Their weekly returns over three years give a correlation of 0.82, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DTM and KMI?
Across a 3-year window, the weekly returns of DTM and KMI correlate at 0.82, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.80) sits close to the 3-year figure. Stretching to 5 years gives 0.82, with an annualized covariance of 436.7 %².
Few assets follow DTM as closely as KMI, which ranks #1 of 17 tracked partners. Over the last 12 months DTM came out ahead by 10.6 percentage points (+32.9% 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.
DTM vs KMI: side by side
| DTM (DT Midstream, Inc.) | KMI (Kinder Morgan) | |
|---|---|---|
| 1-year return | +32.9% | +22.3% |
| 5-year return | +248.3% | +153.0% |
| Volatility (ann.) | 23.9% | 22.1% |
| Beta vs S&P 500 | 0.42 | 0.29 |
| Max drawdown (3Y) | -23.6% | -18.4% |
| Market cap | $13.4B | $70.2B |
| P/E (trailing) | 29.1 | 20.6 |
| Dividend yield | 2.57% | 3.69% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | DTM | KMI |
|---|---|---|
| 2022 | +20.7% | +21.2% |
| 2023 | +4.7% | +4.1% |
| 2024 | +88.9% | +64.4% |
| 2025 | +24.1% | +4.8% |
| 2026 | +11.4% | +18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DTM and KMI good diversifiers for each other?
Not really. At 0.82, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between DTM and KMI?
Using weekly returns as of 2026-08-27: 0.82 over 3 years, with 0.80 over the last year and 0.82 over 5 years.
Is KMI a good diversifier for DTM?
Not really. At 0.82, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.82 mean?
A reading of 0.82 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/dtm-vs-kmi.json
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Related comparisons
Hubs: DTM correlations · KMI correlations
