KYN vs NRP: Correlation
Measured on weekly returns over the past three years, Kayne Anderson Energy Infrastructure Fund, Inc. (KYN) and Natural Resource Partners LP Limited Partnership (NRP) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KYN and NRP?
Across a 3-year window, the weekly returns of KYN and NRP correlate at 0.40, moderate. The link has loosened recently: the 1-year correlation (0.15) runs below the 3-year figure (0.40). Stretching to 5 years gives 0.37, with an annualized covariance of 250.9 %².
Within KYN's tracked universe of 25 assets, NRP comes in at #18 by 3-year correlation. Correlation aside, the last 12 months split them widely, with KYN ahead by 19.5 points (+29.1% versus +9.6%).
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.
KYN vs NRP: side by side
| KYN (Kayne Anderson Energy Infrastructure Fund, Inc.) | NRP (Natural Resource Partners LP Limited Partnership) | |
|---|---|---|
| 1-year return | +29.1% | +9.6% |
| 5-year return | +190.9% | +624.7% |
| Volatility (ann.) | 22.0% | 28.3% |
| Beta vs S&P 500 | 0.44 | 0.41 |
| Max drawdown (3Y) | -21.6% | -22.9% |
| Market cap | $2.5B | – |
| P/E (trailing) | 5.1 | 14.0 |
| Dividend yield | 6.64% | 2.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KYN | NRP |
|---|---|---|
| 2022 | +20.5% | +72.9% |
| 2023 | +13.2% | +87.0% |
| 2024 | +60.4% | +27.4% |
| 2025 | +5.3% | -1.9% |
| 2026 | +25.5% | +7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KYN and NRP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KYN and NRP?
As of 2026-08-27, the correlation of weekly returns between KYN and NRP is 0.40 over 3 years, 0.15 over 1 year and 0.37 over 5 years.
Is NRP a good diversifier for KYN?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/kyn-vs-nrp.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kyn-vs-nrp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KYN correlations · NRP correlations
