KGEI vs LUV: Correlation
How closely do Kolibri Global Energy Inc. (KGEI) and Southwest Airlines (LUV) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KGEI and LUV?
On 3 years of weekly data the KGEI/LUV correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.52) than the 3-year average (-0.26). The 5-year figure is -0.02, and annualized covariance runs at -527.7 %².
Within KGEI's tracked universe of 27 assets, LUV comes in at #21 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months LUV outperformed by 16.4 percentage points (+5.6% for KGEI against +22.0% for LUV).
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.
KGEI vs LUV: side by side
| KGEI (Kolibri Global Energy Inc.) | LUV (Southwest Airlines) | |
|---|---|---|
| 1-year return | +5.6% | +22.0% |
| 5-year return | +631.2% | -12.3% |
| Volatility (ann.) | 51.1% | 40.5% |
| Beta vs S&P 500 | 0.13 | 1.11 |
| Max drawdown (3Y) | -64.7% | -33.5% |
| Market cap | $0.2B | $19.5B |
| P/E (trailing) | 10.6 | 25.5 |
| Dividend yield | 0.00% | 1.77% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | KGEI | LUV |
|---|---|---|
| 2022 | +391.7% | -21.4% |
| 2023 | +27.1% | -11.8% |
| 2024 | +41.9% | +19.1% |
| 2025 | -26.1% | +25.6% |
| 2026 | +48.9% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KGEI and LUV good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between KGEI and LUV?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.52 over the last year and -0.02 over 5 years.
Is LUV a good diversifier for KGEI?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/kgei-vs-luv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kgei-vs-luv/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KGEI correlations · LUV correlations
