KMI vs QQQ: Correlation
Measured on weekly returns over the past three years, Kinder Morgan (KMI) and Invesco QQQ Trust (QQQ) carry a correlation of 0.08, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KMI and QQQ?
Over the past 3 years, KMI and QQQ moved with a correlation of 0.08, which is near zero, meaning they move largely independently. The link has loosened recently: the 1-year correlation (-0.28) runs below the 3-year figure (0.08). Over 5 years the correlation is 0.18, and the annualized covariance of weekly returns is 32.8 %².
Among the 33 assets we track against KMI, QQQ ranks #23 by 3-year correlation. Their 12-month results are close: +22.3% for KMI against +26.3% for QQQ. The relationship is regime-dependent: the rolling one-year correlation swung between -0.39 and 0.42 over the past three years, so this pair behaves very differently depending on the market environment.
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 QQQ: side by side
| KMI (Kinder Morgan) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +22.3% | +26.3% |
| 5-year return | +153.0% | +95.4% |
| Volatility (ann.) | 22.1% | 19.6% |
| Beta vs S&P 500 | 0.29 | 1.28 |
| Max drawdown (3Y) | -18.4% | -22.8% |
| Market cap | $70.2B | – |
| P/E (trailing) | 20.6 | – |
| Dividend yield | 3.69% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Energy | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | KMI | QQQ |
|---|---|---|
| 2022 | +21.2% | -32.6% |
| 2023 | +4.1% | +54.9% |
| 2024 | +64.4% | +25.6% |
| 2025 | +4.8% | +20.8% |
| 2026 | +18.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KMI and QQQ good diversifiers for each other?
Yes. With a correlation of 0.08, KMI and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between KMI and QQQ?
As of 2026-08-27, the correlation of weekly returns between KMI and QQQ is 0.08 over 3 years, -0.28 over 1 year and 0.18 over 5 years.
Is QQQ a good diversifier for KMI?
Yes. With a correlation of 0.08, KMI and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.08 mean?
A reading of 0.08 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Hubs: KMI correlations · QQQ correlations
