KGEI vs VTN: Correlation
Measured on weekly returns over the past three years, Kolibri Global Energy Inc. (KGEI) and Invesco Trust for Investment Grade New York Municipals (VTN) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KGEI and VTN?
Across a 3-year window, the weekly returns of KGEI and VTN correlate at -0.27, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.48) runs below the 3-year figure (-0.27). Stretching to 5 years gives -0.05, with an annualized covariance of -193.1 %².
VTN is close to the least connected end of KGEI's tracked universe, ranking #24 of 27. Over the last 12 months VTN came out ahead by 9.1 percentage points (+5.6% against +14.7%). Risk is not evenly split, since KGEI carries 3.6 times the volatility of the other side.
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 VTN: side by side
| KGEI (Kolibri Global Energy Inc.) | VTN (Invesco Trust for Investment Grade New York Municipals) | |
|---|---|---|
| 1-year return | +5.6% | +14.7% |
| 5-year return | +631.2% | +4.2% |
| Volatility (ann.) | 51.1% | 14.2% |
| Beta vs S&P 500 | 0.13 | 0.32 |
| Max drawdown (3Y) | -64.7% | -14.5% |
| Market cap | $0.2B | $0.2B |
| P/E (trailing) | 10.6 | 35.8 |
| Dividend yield | 0.00% | 7.62% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KGEI | VTN |
|---|---|---|
| 2022 | +391.7% | -21.1% |
| 2023 | +27.1% | +7.3% |
| 2024 | +41.9% | +6.8% |
| 2025 | -26.1% | +18.9% |
| 2026 | +48.9% | -1.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KGEI and VTN good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between KGEI and VTN?
The KGEI/VTN correlation stands at -0.27 on a 3-year window (1 year: -0.48, 5 years: -0.05), computed from weekly returns as of 2026-08-27.
Is VTN a good diversifier for KGEI?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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-vtn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kgei-vs-vtn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KGEI correlations · VTN correlations
