EXE vs KMI: Correlation
Measured on weekly returns over the past three years, Expand Energy (EXE) 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 EXE and KMI?
Across a 3-year window, the weekly returns of EXE and KMI correlate at 0.55, moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.55 over 3. Stretching to 5 years gives 0.63, with an annualized covariance of 342.4 %².
By 3-year correlation, KMI places #12 of the 32 assets tracked against EXE. The last year tells two different stories: KMI led by 17.1 percentage points, +5.2% for EXE against +22.3% for KMI. The rolling one-year correlation moved between 0.38 and 0.70 over the past three years, a moderate range.
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.
EXE vs KMI: side by side
| EXE (Expand Energy) | KMI (Kinder Morgan) | |
|---|---|---|
| 1-year return | +5.2% | +22.3% |
| 5-year return | +125.8% | +153.0% |
| Volatility (ann.) | 28.2% | 22.1% |
| Beta vs S&P 500 | 0.31 | 0.29 |
| Max drawdown (3Y) | -28.4% | -18.4% |
| Market cap | $22.7B | $70.2B |
| P/E (trailing) | 8.3 | 20.6 |
| Dividend yield | 3.30% | 3.69% |
| Sector / category | Energy | Energy |
Year-by-year returns
| Year | EXE | KMI |
|---|---|---|
| 2022 | +62.3% | +21.2% |
| 2023 | -14.8% | +4.1% |
| 2024 | +33.2% | +64.4% |
| 2025 | +14.4% | +4.8% |
| 2026 | -9.6% | +18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXE 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 EXE and KMI?
As of 2026-08-27, the correlation of weekly returns between EXE and KMI is 0.55 over 3 years, 0.47 over 1 year and 0.63 over 5 years.
Is KMI a good diversifier for EXE?
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?
A reading of 0.55 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/exe-vs-kmi.json
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EXE correlations · KMI correlations
