KGEI vs SM: Correlation
How closely do Kolibri Global Energy Inc. (KGEI) and SM Energy Company (SM) 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 SM?
On 3 years of weekly data the KGEI/SM correlation comes out at 0.43, moderate. The past 12 months show a tighter link (0.74) than the 3-year average (0.43). The 5-year figure is 0.26, and annualized covariance runs at 1041.2 %².
By 3-year correlation, SM places #4 of the 27 assets tracked against KGEI. The last year tells two different stories: SM led by 30.5 percentage points, +5.6% for KGEI against +36.1% for SM.
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 SM: side by side
| KGEI (Kolibri Global Energy Inc.) | SM (SM Energy Company) | |
|---|---|---|
| 1-year return | +5.6% | +36.1% |
| 5-year return | +631.2% | +114.6% |
| Volatility (ann.) | 51.1% | 47.6% |
| Beta vs S&P 500 | 0.13 | 0.44 |
| Max drawdown (3Y) | -64.7% | -64.9% |
| Market cap | $0.2B | $8.8B |
| P/E (trailing) | 10.6 | 6.3 |
| Dividend yield | 0.00% | 2.32% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KGEI | SM |
|---|---|---|
| 2022 | +391.7% | +18.6% |
| 2023 | +27.1% | +13.1% |
| 2024 | +41.9% | +1.8% |
| 2025 | -26.1% | -49.7% |
| 2026 | +48.9% | +99.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KGEI and SM good diversifiers for each other?
Reasonably. At 0.43, KGEI and SM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KGEI and SM?
As of 2026-08-27, the correlation of weekly returns between KGEI and SM is 0.43 over 3 years, 0.74 over 1 year and 0.26 over 5 years.
Is SM a good diversifier for KGEI?
Reasonably. At 0.43, KGEI and SM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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
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Related comparisons
Hubs: KGEI correlations · SM correlations
