EQT vs KMI: Correlation
Measured on weekly returns over the past three years, EQT Corporation (EQT) and Kinder Morgan (KMI) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQT and KMI?
On 3 years of weekly data the EQT/KMI correlation comes out at 0.56, moderate. Little has changed lately, as the 1-year reading of 0.60 lands near the 3-year figure. The 5-year figure is 0.60, and annualized covariance runs at 419.2 %².
By 3-year correlation, KMI places #8 of the 31 assets tracked against EQT. The trailing year gives KMI the advantage: +7.9% versus +22.3%, a 14.4-point spread. Across three years, the rolling one-year figure varied moderately, from 0.34 to 0.68. Note the risk asymmetry: EQT runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
EQT vs KMI: side by side
| EQT (EQT Corporation) | KMI (Kinder Morgan) | |
|---|---|---|
| 1-year return | +7.9% | +22.3% |
| 5-year return | +224.8% | +153.0% |
| Volatility (ann.) | 34.1% | 22.1% |
| Beta vs S&P 500 | 0.52 | 0.29 |
| Max drawdown (3Y) | -31.6% | -18.4% |
| Market cap | $34.3B | $70.2B |
| P/E (trailing) | 12.7 | 20.6 |
| Dividend yield | 1.19% | 3.69% |
| Sector / category | Energy | Energy |
Year-by-year returns
| Year | EQT | KMI |
|---|---|---|
| 2022 | +57.6% | +21.2% |
| 2023 | +16.2% | +4.1% |
| 2024 | +21.4% | +64.4% |
| 2025 | +17.6% | +4.8% |
| 2026 | +3.1% | +18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQT and KMI good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EQT and KMI?
The EQT/KMI correlation stands at 0.56 on a 3-year window (1 year: 0.60, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is KMI a good diversifier for EQT?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 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/eqt-vs-kmi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eqt-vs-kmi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EQT correlations · KMI correlations
