EE vs KMI: Correlation
Excelerate Energy, Inc. (EE) and Kinder Morgan (KMI) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EE and KMI?
On 3 years of weekly data the EE/KMI correlation comes out at 0.49, moderate. Recent behaviour matches the longer record: 0.50 over 1 year against 0.49 over 3. The 5-year figure is 0.47, and annualized covariance runs at 394.3 %².
In EE's tracked universe of 10 assets, KMI sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months EE outperformed by 41.4 percentage points (+63.7% for EE against +22.3% for KMI). Risk is not evenly split, since EE carries 1.7 times the volatility of the other side.
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.
EE vs KMI: side by side
| EE (Excelerate Energy, Inc.) | KMI (Kinder Morgan) | |
|---|---|---|
| 1-year return | +63.7% | +22.3% |
| 5-year return | +52.1% | +153.0% |
| Volatility (ann.) | 36.5% | 22.1% |
| Beta vs S&P 500 | 0.47 | 0.29 |
| Max drawdown (3Y) | -29.1% | -18.4% |
| Market cap | $4.5B | $70.2B |
| P/E (trailing) | 27.0 | 20.6 |
| Dividend yield | 0.84% | 3.69% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | EE | KMI |
|---|---|---|
| 2022 | – | +21.2% |
| 2023 | -38.0% | +4.1% |
| 2024 | +96.9% | +64.4% |
| 2025 | -6.3% | +4.8% |
| 2026 | +42.2% | +18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EE and KMI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EE and KMI?
The EE/KMI correlation stands at 0.49 on a 3-year window (1 year: 0.50, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is KMI a good diversifier for EE?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 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
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Related comparisons
Hubs: EE correlations · KMI correlations
