KGEI vs MTDR: Correlation
How closely do Kolibri Global Energy Inc. (KGEI) and Matador Resources Company (MTDR) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KGEI and MTDR?
Over the past 3 years, KGEI and MTDR moved with a correlation of 0.43, which is moderate. The past 12 months show a tighter link (0.71) than the 3-year average (0.43). Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 887.3 %².
Few assets follow KGEI as closely as MTDR, which ranks #3 of 27 tracked partners. On 12-month performance MTDR holds a 11.8-point edge, +5.6% against +17.4%.
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 MTDR: side by side
| KGEI (Kolibri Global Energy Inc.) | MTDR (Matador Resources Company) | |
|---|---|---|
| 1-year return | +5.6% | +17.4% |
| 5-year return | +631.2% | +115.7% |
| Volatility (ann.) | 51.1% | 40.3% |
| Beta vs S&P 500 | 0.13 | 0.49 |
| Max drawdown (3Y) | -64.7% | -46.8% |
| Market cap | $0.2B | $7.0B |
| P/E (trailing) | 10.6 | 9.7 |
| Dividend yield | 0.00% | 2.60% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KGEI | MTDR |
|---|---|---|
| 2022 | +391.7% | +55.8% |
| 2023 | +27.1% | +0.6% |
| 2024 | +41.9% | +0.4% |
| 2025 | -26.1% | -22.3% |
| 2026 | +48.9% | +36.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KGEI and MTDR good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between KGEI and MTDR?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.71 over the last year and 0.32 over 5 years.
Is MTDR a good diversifier for KGEI?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 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/kgei-vs-mtdr.json
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[](https://www.pairbook.io/pair/kgei-vs-mtdr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KGEI correlations · MTDR correlations
