JELD vs KMI: Correlation
How closely do JELD-WEN Holding, Inc. (JELD) and Kinder Morgan (KMI) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JELD and KMI?
Across a 3-year window, the weekly returns of JELD and KMI correlate at -0.25, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.51) runs below the 3-year figure (-0.25). Stretching to 5 years gives -0.07, with an annualized covariance of -438.7 %².
Among the 16 assets we track against JELD, KMI sits near the bottom by co-movement, at rank #12. Their recent paths diverged sharply: over the last 12 months KMI outperformed by 86.0 percentage points (-63.7% for JELD against +22.3% for KMI). Note the risk asymmetry: JELD runs 3.7 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.
JELD vs KMI: side by side
| JELD (JELD-WEN Holding, Inc.) | KMI (Kinder Morgan) | |
|---|---|---|
| 1-year return | -63.7% | +22.3% |
| 5-year return | -92.5% | +153.0% |
| Volatility (ann.) | 80.7% | 22.1% |
| Beta vs S&P 500 | 2.01 | 0.29 |
| Max drawdown (3Y) | -95.5% | -18.4% |
| Market cap | $0.2B | $70.2B |
| P/E (trailing) | – | 20.6 |
| Dividend yield | 0.00% | 3.69% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | JELD | KMI |
|---|---|---|
| 2022 | -63.4% | +21.2% |
| 2023 | +95.6% | +4.1% |
| 2024 | -56.6% | +64.4% |
| 2025 | -70.0% | +4.8% |
| 2026 | -11.4% | +18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JELD and KMI good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between JELD and KMI?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.51 over the last year and -0.07 over 5 years.
Is KMI a good diversifier for JELD?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
A reading of -0.25 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: JELD correlations · KMI correlations
