KMI vs KYN: Correlation
Measured on weekly returns over the past three years, Kinder Morgan (KMI) and Kayne Anderson Energy Infrastructure Fund, Inc. (KYN) carry a correlation of 0.71, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KMI and KYN?
Across a 3-year window, the weekly returns of KMI and KYN correlate at 0.71, strong. The relationship has been stable: the 1-year correlation (0.69) sits close to the 3-year figure. Stretching to 5 years gives 0.77, with an annualized covariance of 342.9 %².
By 3-year correlation, KYN places #6 of the 33 assets tracked against KMI. On 12-month performance KYN holds a 6.8-point edge, +22.3% against +29.1%.
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 KYN: side by side
| KMI (Kinder Morgan) | KYN (Kayne Anderson Energy Infrastructure Fund, Inc.) | |
|---|---|---|
| 1-year return | +22.3% | +29.1% |
| 5-year return | +153.0% | +190.9% |
| Volatility (ann.) | 22.1% | 22.0% |
| Beta vs S&P 500 | 0.29 | 0.44 |
| Max drawdown (3Y) | -18.4% | -21.6% |
| Market cap | $70.2B | $2.5B |
| P/E (trailing) | 20.6 | 5.1 |
| Dividend yield | 3.69% | 6.64% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | KMI | KYN |
|---|---|---|
| 2022 | +21.2% | +20.5% |
| 2023 | +4.1% | +13.2% |
| 2024 | +64.4% | +60.4% |
| 2025 | +4.8% | +5.3% |
| 2026 | +18.0% | +25.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KMI and KYN good diversifiers for each other?
To a limited degree. At 0.71 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between KMI and KYN?
The KMI/KYN correlation stands at 0.71 on a 3-year window (1 year: 0.69, 5 years: 0.77), computed from weekly returns as of 2026-08-27.
Is KYN a good diversifier for KMI?
To a limited degree. At 0.71 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.71 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-kyn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kmi-vs-kyn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KMI correlations · KYN correlations
