GITS vs KMI: Correlation
Global Interactive Technologies, Inc. (GITS) and Kinder Morgan (KMI) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GITS and KMI?
On 3 years of weekly data the GITS/KMI correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.23) runs above the 3-year figure (-0.24). The 5-year figure is n/a, and annualized covariance runs at -7273.9 %².
Within GITS's tracked universe of 35 assets, KMI comes in at #24 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months KMI outperformed by 44.4 percentage points (-22.1% for GITS against +22.3% for KMI). Note the risk asymmetry: GITS runs 61.2 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.
GITS vs KMI: side by side
| GITS (Global Interactive Technologies, Inc.) | KMI (Kinder Morgan) | |
|---|---|---|
| 1-year return | -22.1% | +22.3% |
| 5-year return | n/a | +153.0% |
| Volatility (ann.) | 1352.0% | 22.1% |
| Beta vs S&P 500 | -3.91 | 0.29 |
| Max drawdown (3Y) | -98.4% | -18.4% |
| Market cap | – | $70.2B |
| P/E (trailing) | – | 20.6 |
| Dividend yield | 0.00% | 3.69% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | GITS | KMI |
|---|---|---|
| 2022 | – | +21.2% |
| 2023 | – | +4.1% |
| 2024 | -69.5% | +64.4% |
| 2025 | +186.6% | +4.8% |
| 2026 | +154.2% | +18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GITS and KMI good diversifiers for each other?
Yes. With a correlation of -0.24, GITS and KMI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GITS and KMI?
As of 2026-08-27, the correlation of weekly returns between GITS and KMI is -0.24 over 3 years, 0.23 over 1 year and n/a over 5 years.
Is KMI a good diversifier for GITS?
Yes. With a correlation of -0.24, GITS and KMI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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.
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Hubs: GITS correlations · KMI correlations
