INBX vs KMI: Correlation
Measured on weekly returns over the past three years, Inhibrx Biosciences, Inc. (INBX) and Kinder Morgan (KMI) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INBX and KMI?
Over the past 3 years, INBX and KMI moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.30 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -400.5 %².
Among the 16 assets we track against INBX, KMI sits near the bottom by co-movement, at rank #13. Correlation aside, the last 12 months split them widely, with INBX ahead by 330.0 points (+352.3% versus +22.3%). Risk is not evenly split, since INBX carries 3.6 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.
INBX vs KMI: side by side
| INBX (Inhibrx Biosciences, Inc.) | KMI (Kinder Morgan) | |
|---|---|---|
| 1-year return | +352.3% | +22.3% |
| 5-year return | n/a | +153.0% |
| Volatility (ann.) | 80.6% | 22.1% |
| Beta vs S&P 500 | 1.34 | 0.29 |
| Max drawdown (3Y) | -44.1% | -18.4% |
| Market cap | $1.8B | $70.2B |
| P/E (trailing) | – | 20.6 |
| Dividend yield | 0.00% | 3.69% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | INBX | KMI |
|---|---|---|
| 2022 | – | +21.2% |
| 2023 | – | +4.1% |
| 2024 | – | +64.4% |
| 2025 | +413.0% | +4.8% |
| 2026 | +56.9% | +18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INBX and KMI good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between INBX and KMI?
As of 2026-08-27, the correlation of weekly returns between INBX and KMI is -0.21 over 3 years, -0.30 over 1 year and n/a over 5 years.
Is KMI a good diversifier for INBX?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
A reading of -0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: INBX correlations · KMI correlations
