KMI vs KNTK: Correlation
How closely do Kinder Morgan (KMI) and Kinetik Holdings Inc. (KNTK) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KMI and KNTK?
On 3 years of weekly data the KMI/KNTK correlation comes out at 0.60, strong. The past 12 months show a weaker link (0.40) than the 3-year average (0.60). The 5-year figure is 0.59, and annualized covariance runs at 439.2 %².
By 3-year correlation, KNTK places #15 of the 33 assets tracked against KMI. Their recent paths diverged sharply: over the last 12 months KNTK outperformed by 17.3 percentage points (+22.3% for KMI against +39.6% for KNTK).
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.
KMI vs KNTK: side by side
| KMI (Kinder Morgan) | KNTK (Kinetik Holdings Inc.) | |
|---|---|---|
| 1-year return | +22.3% | +39.6% |
| 5-year return | +153.0% | +147.1% |
| Volatility (ann.) | 22.1% | 33.1% |
| Beta vs S&P 500 | 0.29 | 0.63 |
| Max drawdown (3Y) | -18.4% | -49.0% |
| Market cap | $70.2B | $9.2B |
| P/E (trailing) | 20.6 | 19.3 |
| Dividend yield | 3.69% | 5.83% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | KMI | KNTK |
|---|---|---|
| 2022 | +21.2% | +14.6% |
| 2023 | +4.1% | +10.9% |
| 2024 | +64.4% | +83.1% |
| 2025 | +4.8% | -31.9% |
| 2026 | +18.0% | +59.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KMI and KNTK good diversifiers for each other?
Only partially. A correlation of 0.60 means KMI and KNTK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between KMI and KNTK?
As of 2026-08-27, the correlation of weekly returns between KMI and KNTK is 0.60 over 3 years, 0.40 over 1 year and 0.59 over 5 years.
Is KNTK a good diversifier for KMI?
Only partially. A correlation of 0.60 means KMI and KNTK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.60 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/kmi-vs-kntk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/kmi-vs-kntk/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KMI correlations · KNTK correlations
