KMI vs TRP: Correlation
Kinder Morgan (KMI) and TC Energy Corporation (TRP) show a strong relationship: their 3-year correlation of weekly returns is 0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KMI and TRP?
Across a 3-year window, the weekly returns of KMI and TRP correlate at 0.60, strong. The past 12 months show a tighter link (0.73) than the 3-year average (0.60). Stretching to 5 years gives 0.61, with an annualized covariance of 263.5 %².
By 3-year correlation, TRP places #16 of the 33 assets tracked against KMI. Twelve-month performance is nearly a tie, at +22.3% for KMI and +23.3% for TRP.
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 TRP: side by side
| KMI (Kinder Morgan) | TRP (TC Energy Corporation) | |
|---|---|---|
| 1-year return | +22.3% | +23.3% |
| 5-year return | +153.0% | +67.2% |
| Volatility (ann.) | 22.1% | 20.0% |
| Beta vs S&P 500 | 0.29 | 0.16 |
| Max drawdown (3Y) | -18.4% | -12.8% |
| Market cap | $70.2B | – |
| P/E (trailing) | 20.6 | 24.5 |
| Dividend yield | 3.69% | 5.50% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | KMI | TRP |
|---|---|---|
| 2022 | +21.2% | -9.7% |
| 2023 | +4.1% | +4.7% |
| 2024 | +64.4% | +26.2% |
| 2025 | +4.8% | +21.2% |
| 2026 | +18.0% | +15.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KMI and TRP good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between KMI and TRP?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.73 over the last year and 0.61 over 5 years.
Is TRP a good diversifier for KMI?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 mean?
A reading of 0.60 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/kmi-vs-trp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/kmi-vs-trp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KMI correlations · TRP correlations
