KGEI vs PHM: Correlation
How closely do Kolibri Global Energy Inc. (KGEI) and PulteGroup (PHM) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KGEI and PHM?
On 3 years of weekly data the KGEI/PHM correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.41) runs below the 3-year figure (-0.20). The 5-year figure is -0.02, and annualized covariance runs at -325.5 %².
By 3-year correlation, PHM places #11 of the 27 assets tracked against KGEI. The trailing year gives KGEI the advantage: +5.6% versus -2.5%, a 8.1-point spread. Note the risk asymmetry: KGEI runs 1.6 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.
KGEI vs PHM: side by side
| KGEI (Kolibri Global Energy Inc.) | PHM (PulteGroup) | |
|---|---|---|
| 1-year return | +5.6% | -2.5% |
| 5-year return | +631.2% | +145.5% |
| Volatility (ann.) | 51.1% | 32.2% |
| Beta vs S&P 500 | 0.13 | 0.82 |
| Max drawdown (3Y) | -64.7% | -38.0% |
| Market cap | $0.2B | – |
| P/E (trailing) | 10.6 | 13.3 |
| Dividend yield | 0.00% | 0.77% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | KGEI | PHM |
|---|---|---|
| 2022 | +391.7% | -19.2% |
| 2023 | +27.1% | +128.8% |
| 2024 | +41.9% | +6.2% |
| 2025 | -26.1% | +8.5% |
| 2026 | +48.9% | +8.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KGEI and PHM good diversifiers for each other?
Yes. With a correlation of -0.20, KGEI and PHM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between KGEI and PHM?
As of 2026-08-27, the correlation of weekly returns between KGEI and PHM is -0.20 over 3 years, -0.41 over 1 year and -0.02 over 5 years.
Is PHM a good diversifier for KGEI?
Yes. With a correlation of -0.20, KGEI and PHM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 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.
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Related comparisons
Hubs: KGEI correlations · PHM correlations
