GTE vs KMB: Correlation
Gran Tierra Energy Inc. (GTE) and Kimberly-Clark (KMB) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GTE and KMB?
Over the past 3 years, GTE and KMB moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.46 versus -0.19 over 3 years. Over 5 years the correlation is -0.20, and the annualized covariance of weekly returns is -226.9 %².
Among the 13 assets we track against GTE, KMB sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with GTE ahead by 154.4 points (+143.0% versus -11.4%). Note the risk asymmetry: GTE runs 3.1 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.
GTE vs KMB: side by side
| GTE (Gran Tierra Energy Inc.) | KMB (Kimberly-Clark) | |
|---|---|---|
| 1-year return | +143.0% | -11.4% |
| 5-year return | +90.8% | -2.6% |
| Volatility (ann.) | 60.6% | 19.3% |
| Beta vs S&P 500 | 0.32 | 0.15 |
| Max drawdown (3Y) | -66.9% | -34.1% |
| Market cap | $0.4B | $36.6B |
| P/E (trailing) | – | 21.7 |
| Dividend yield | 0.00% | 4.60% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | GTE | KMB |
|---|---|---|
| 2022 | +30.3% | -1.6% |
| 2023 | -43.0% | -7.1% |
| 2024 | +28.2% | +11.8% |
| 2025 | -41.4% | -19.9% |
| 2026 | +138.4% | +11.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GTE and KMB good diversifiers for each other?
Yes. With a correlation of -0.19, GTE and KMB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GTE and KMB?
The GTE/KMB correlation stands at -0.19 on a 3-year window (1 year: -0.46, 5 years: -0.20), computed from weekly returns as of 2026-08-27.
Is KMB a good diversifier for GTE?
Yes. With a correlation of -0.19, GTE and KMB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gte-vs-kmb.json
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Related comparisons
Hubs: GTE correlations · KMB correlations
