FERG vs KGEI: Correlation
How closely do Ferguson Enterprises (FERG) and Kolibri Global Energy Inc. (KGEI) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FERG and KGEI?
Over the past 3 years, FERG and KGEI moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.32) runs below the 3-year figure (-0.20). Over 5 years the correlation is -0.07, and the annualized covariance of weekly returns is -309.1 %².
By 3-year correlation, KGEI places #30 of the 35 assets tracked against FERG. Twelve-month performance is nearly a tie, at +1.1% for FERG and +5.6% for KGEI. One caveat on sizing: KGEI is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
FERG vs KGEI: side by side
| FERG (Ferguson Enterprises) | KGEI (Kolibri Global Energy Inc.) | |
|---|---|---|
| 1-year return | +1.1% | +5.6% |
| 5-year return | +82.2% | +631.2% |
| Volatility (ann.) | 30.0% | 51.1% |
| Beta vs S&P 500 | 0.99 | 0.13 |
| Max drawdown (3Y) | -32.9% | -64.7% |
| Market cap | $45.1B | $0.2B |
| P/E (trailing) | 23.0 | 10.6 |
| Dividend yield | 1.80% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | FERG | KGEI |
|---|---|---|
| 2022 | -27.2% | +391.7% |
| 2023 | +55.1% | +27.1% |
| 2024 | -8.6% | +41.9% |
| 2025 | +29.9% | -26.1% |
| 2026 | +6.4% | +48.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FERG and KGEI good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between FERG and KGEI?
The FERG/KGEI correlation stands at -0.20 on a 3-year window (1 year: -0.32, 5 years: -0.07), computed from weekly returns as of 2026-08-27.
Is KGEI a good diversifier for FERG?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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/ferg-vs-kgei.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ferg-vs-kgei/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FERG correlations · KGEI correlations
