EPD vs NML: Correlation
How closely do Enterprise Products Partners L.P. (EPD) and Neuberger Energy Infrastructure and Income Fund Inc. (NML) trade together? Their weekly returns over three years give a correlation of 0.73, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EPD and NML?
Over the past 3 years, EPD and NML moved with a correlation of 0.73, which is strong. Recent behaviour matches the longer record: 0.71 over 1 year against 0.73 over 3. Over 5 years the correlation is 0.78, and the annualized covariance of weekly returns is 254.1 %².
Among the 12 assets we track against EPD, NML ranks #4 by 3-year correlation. Neither side won the trailing year by much: +31.5% against +30.7%.
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.
EPD vs NML: side by side
| EPD (Enterprise Products Partners L.P.) | NML (Neuberger Energy Infrastructure and Income Fund Inc.) | |
|---|---|---|
| 1-year return | +31.5% | +30.7% |
| 5-year return | +150.0% | +220.1% |
| Volatility (ann.) | 16.4% | 21.3% |
| Beta vs S&P 500 | 0.15 | 0.35 |
| Max drawdown (3Y) | -15.4% | -16.9% |
| Market cap | $84.3B | $0.6B |
| P/E (trailing) | 13.6 | 4.3 |
| Dividend yield | 5.63% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EPD | NML |
|---|---|---|
| 2022 | +18.3% | +32.8% |
| 2023 | +17.7% | +14.5% |
| 2024 | +28.0% | +40.5% |
| 2025 | +9.5% | +4.3% |
| 2026 | +27.5% | +29.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EPD and NML good diversifiers for each other?
To a limited degree. At 0.73 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 EPD and NML?
As of 2026-08-27, the correlation of weekly returns between EPD and NML is 0.73 over 3 years, 0.71 over 1 year and 0.78 over 5 years.
Is NML a good diversifier for EPD?
To a limited degree. At 0.73 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 0.73 mean?
A reading of 0.73 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/epd-vs-nml.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/epd-vs-nml/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EPD correlations · NML correlations
