IDR vs KMI: Correlation
Idaho Strategic Resources, Inc. (IDR) and Kinder Morgan (KMI) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IDR and KMI?
On 3 years of weekly data the IDR/KMI correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.34) than the 3-year average (-0.20). The 5-year figure is -0.10, and annualized covariance runs at -333.4 %².
By 3-year correlation, KMI places #10 of the 18 assets tracked against IDR. Neither side won the trailing year by much: +26.3% against +22.3%. Risk is not evenly split, since IDR carries 3.3 times the volatility of the other side.
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.
IDR vs KMI: side by side
| IDR (Idaho Strategic Resources, Inc.) | KMI (Kinder Morgan) | |
|---|---|---|
| 1-year return | +26.3% | +22.3% |
| 5-year return | +702.8% | +153.0% |
| Volatility (ann.) | 73.6% | 22.1% |
| Beta vs S&P 500 | 0.68 | 0.29 |
| Max drawdown (3Y) | -50.0% | -18.4% |
| Market cap | $0.5B | $70.2B |
| P/E (trailing) | 22.6 | 20.6 |
| Dividend yield | 0.00% | 3.69% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | IDR | KMI |
|---|---|---|
| 2022 | -23.4% | +21.2% |
| 2023 | +11.1% | +4.1% |
| 2024 | +61.0% | +64.4% |
| 2025 | +295.5% | +4.8% |
| 2026 | -16.1% | +18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IDR and KMI good diversifiers for each other?
Yes. With a correlation of -0.20, IDR and KMI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IDR and KMI?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.34 over the last year and -0.10 over 5 years.
Is KMI a good diversifier for IDR?
Yes. With a correlation of -0.20, IDR and KMI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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/idr-vs-kmi.json
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Related comparisons
Hubs: IDR correlations · KMI correlations
