KMI vs PPCB: Correlation
Measured on weekly returns over the past three years, Kinder Morgan (KMI) and Propanc Biopharma, Inc. (PPCB) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KMI and PPCB?
On 3 years of weekly data the KMI/PPCB correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.06 versus -0.26 over 3 years. The 5-year figure is -0.18, and annualized covariance runs at -5450634.5 %².
Out of 33 assets tracked against KMI, PPCB lands near the bottom at #31. Their recent paths diverged sharply: over the last 12 months KMI outperformed by 119.3 percentage points (+22.3% for KMI against -97.0% for PPCB). One caveat on sizing: PPCB is 43538.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 PPCB: side by side
| KMI (Kinder Morgan) | PPCB (Propanc Biopharma, Inc.) | |
|---|---|---|
| 1-year return | +22.3% | -97.0% |
| 5-year return | +153.0% | -99.9% |
| Volatility (ann.) | 22.1% | 962193.8% |
| Beta vs S&P 500 | 0.29 | -3746.20 |
| Max drawdown (3Y) | -18.4% | -99.8% |
| Market cap | $70.2B | – |
| P/E (trailing) | 20.6 | 0.0 |
| Dividend yield | 3.69% | 0.00% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | KMI | PPCB |
|---|---|---|
| 2022 | +21.2% | -98.6% |
| 2023 | +4.1% | -98.0% |
| 2024 | +64.4% | -98.3% |
| 2025 | +4.8% | +134050.0% |
| 2026 | +18.0% | -83.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KMI and PPCB good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between KMI and PPCB?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.06 over the last year and -0.18 over 5 years.
Is PPCB a good diversifier for KMI?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 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-ppcb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kmi-vs-ppcb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KMI correlations · PPCB correlations
