KMI vs TYG: Correlation
Measured on weekly returns over the past three years, Kinder Morgan (KMI) and Tortoise Energy Infrastructure Corporation (TYG) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KMI and TYG?
On 3 years of weekly data the KMI/TYG correlation comes out at 0.65, strong. Lately the two have drifted apart, with the 1-year correlation at 0.51 versus 0.65 over 3 years. The 5-year figure is 0.74, and annualized covariance runs at 303.1 %².
By 3-year correlation, TYG places #9 of the 33 assets tracked against KMI. The trailing year gives KMI the advantage: +22.3% versus +14.1%, a 8.2-point spread.
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 TYG: side by side
| KMI (Kinder Morgan) | TYG (Tortoise Energy Infrastructure Corporation) | |
|---|---|---|
| 1-year return | +22.3% | +14.1% |
| 5-year return | +153.0% | +162.5% |
| Volatility (ann.) | 22.1% | 21.2% |
| Beta vs S&P 500 | 0.29 | 0.45 |
| Max drawdown (3Y) | -18.4% | -25.1% |
| Market cap | $70.2B | – |
| P/E (trailing) | 20.6 | 6.0 |
| Dividend yield | 3.69% | 11.89% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | KMI | TYG |
|---|---|---|
| 2022 | +21.2% | +24.2% |
| 2023 | +4.1% | -0.4% |
| 2024 | +64.4% | +60.2% |
| 2025 | +4.8% | +8.5% |
| 2026 | +18.0% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KMI and TYG good diversifiers for each other?
To a limited degree. At 0.65 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 TYG?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.51 over the last year and 0.74 over 5 years.
Is TYG a good diversifier for KMI?
To a limited degree. At 0.65 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 0.65 mean?
A reading of 0.65 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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Related comparisons
Hubs: KMI correlations · TYG correlations
