KMI vs MLPB: Correlation
How closely do Kinder Morgan (KMI) and ETRACS Alerian MLP Infrastructure Index ETN Series B due (MLPB) trade together? Their weekly returns over three years give a correlation of 0.64, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KMI and MLPB?
Over the past 3 years, KMI and MLPB moved with a correlation of 0.64, which is strong. Recent behaviour matches the longer record: 0.64 over 1 year against 0.64 over 3. Over 5 years the correlation is 0.75, and the annualized covariance of weekly returns is 234.1 %².
Within KMI's tracked universe of 33 assets, MLPB comes in at #10 by 3-year correlation. Over the last 12 months MLPB came out ahead by 7.1 percentage points (+22.3% against +29.4%).
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 MLPB: side by side
| KMI (Kinder Morgan) | MLPB (ETRACS Alerian MLP Infrastructure Index ETN Series B due) | |
|---|---|---|
| 1-year return | +22.3% | +29.4% |
| 5-year return | +153.0% | +186.2% |
| Volatility (ann.) | 22.1% | 16.5% |
| Beta vs S&P 500 | 0.29 | 0.32 |
| Max drawdown (3Y) | -18.4% | -16.5% |
| Market cap | $70.2B | – |
| P/E (trailing) | 20.6 | – |
| Dividend yield | 3.69% | 0.00% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | KMI | MLPB |
|---|---|---|
| 2022 | +21.2% | +30.2% |
| 2023 | +4.1% | +22.0% |
| 2024 | +64.4% | +25.5% |
| 2025 | +4.8% | +7.4% |
| 2026 | +18.0% | +29.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KMI and MLPB good diversifiers for each other?
To a limited degree. At 0.64 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 MLPB?
The KMI/MLPB correlation stands at 0.64 on a 3-year window (1 year: 0.64, 5 years: 0.75), computed from weekly returns as of 2026-08-27.
Is MLPB a good diversifier for KMI?
To a limited degree. At 0.64 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 0.64 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-mlpb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kmi-vs-mlpb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KMI correlations · MLPB correlations
