KNTK vs MLPB: Correlation
Measured on weekly returns over the past three years, Kinetik Holdings Inc. (KNTK) and ETRACS Alerian MLP Infrastructure Index ETN Series B due (MLPB) carry a correlation of 0.64, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KNTK and MLPB?
On 3 years of weekly data the KNTK/MLPB correlation comes out at 0.64, strong. Little has changed lately, as the 1-year reading of 0.60 lands near the 3-year figure. The 5-year figure is 0.63, and annualized covariance runs at 352.6 %².
By 3-year correlation, MLPB places #5 of the 14 assets tracked against KNTK. On 12-month performance KNTK holds a 10.2-point edge, +39.6% against +29.4%. Note the risk asymmetry: KNTK runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
KNTK vs MLPB: side by side
| KNTK (Kinetik Holdings Inc.) | MLPB (ETRACS Alerian MLP Infrastructure Index ETN Series B due) | |
|---|---|---|
| 1-year return | +39.6% | +29.4% |
| 5-year return | +147.1% | +186.2% |
| Volatility (ann.) | 33.1% | 16.5% |
| Beta vs S&P 500 | 0.63 | 0.32 |
| Max drawdown (3Y) | -49.0% | -16.5% |
| Market cap | $9.2B | – |
| P/E (trailing) | 19.3 | – |
| Dividend yield | 5.83% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KNTK | MLPB |
|---|---|---|
| 2022 | +14.6% | +30.2% |
| 2023 | +10.9% | +22.0% |
| 2024 | +83.1% | +25.5% |
| 2025 | -31.9% | +7.4% |
| 2026 | +59.0% | +29.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KNTK 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 KNTK and MLPB?
As of 2026-08-27, the correlation of weekly returns between KNTK and MLPB is 0.64 over 3 years, 0.60 over 1 year and 0.63 over 5 years.
Is MLPB a good diversifier for KNTK?
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/kntk-vs-mlpb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kntk-vs-mlpb/)
No key needed, free to use. Full endpoint list in the API documentation.
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Hubs: KNTK correlations · MLPB correlations
