EOG vs KMI: Correlation
Measured on weekly returns over the past three years, EOG Resources (EOG) and Kinder Morgan (KMI) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EOG and KMI?
Across a 3-year window, the weekly returns of EOG and KMI correlate at 0.55, moderate. Recent behaviour matches the longer record: 0.55 over 1 year against 0.55 over 3. Stretching to 5 years gives 0.65, with an annualized covariance of 342.1 %².
By 3-year correlation, KMI places #25 of the 40 assets tracked against EOG. Their 12-month results are close: +21.7% for EOG against +22.3% for KMI. On a rolling one-year basis the correlation drifted between 0.38 and 0.77, a moderate band.
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.
EOG vs KMI: side by side
| EOG (EOG Resources) | KMI (Kinder Morgan) | |
|---|---|---|
| 1-year return | +21.7% | +22.3% |
| 5-year return | +171.5% | +153.0% |
| Volatility (ann.) | 28.1% | 22.1% |
| Beta vs S&P 500 | 0.14 | 0.29 |
| Max drawdown (3Y) | -23.7% | -18.4% |
| Market cap | $75.8B | $70.2B |
| P/E (trailing) | 11.3 | 20.6 |
| Dividend yield | 2.82% | 3.69% |
| Sector / category | Energy | Energy |
Year-by-year returns
| Year | EOG | KMI |
|---|---|---|
| 2022 | +56.9% | +21.2% |
| 2023 | -2.0% | +4.1% |
| 2024 | +4.3% | +64.4% |
| 2025 | -11.4% | +4.8% |
| 2026 | +41.0% | +18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EOG and KMI good diversifiers for each other?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between EOG and KMI?
As of 2026-08-27, the correlation of weekly returns between EOG and KMI is 0.55 over 3 years, 0.55 over 1 year and 0.65 over 5 years.
Is KMI a good diversifier for EOG?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/eog-vs-kmi.json
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Related comparisons
Hubs: EOG correlations · KMI correlations
