KYN vs NXG: Correlation
Measured on weekly returns over the past three years, Kayne Anderson Energy Infrastructure Fund, Inc. (KYN) and NXG NextGen Infrastructure Income Fund (NXG) carry a correlation of 0.60, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KYN and NXG?
Over the past 3 years, KYN and NXG moved with a correlation of 0.60, which is strong. The link has loosened recently: the 1-year correlation (0.35) runs below the 3-year figure (0.60). Over 5 years the correlation is 0.66, and the annualized covariance of weekly returns is 375.9 %².
Within KYN's tracked universe of 25 assets, NXG comes in at #12 by 3-year correlation. On 12-month performance NXG holds a 6.4-point edge, +29.1% against +35.5%.
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 NXG: side by side
| KYN (Kayne Anderson Energy Infrastructure Fund, Inc.) | NXG (NXG NextGen Infrastructure Income Fund) | |
|---|---|---|
| 1-year return | +29.1% | +35.5% |
| 5-year return | +190.9% | +116.8% |
| Volatility (ann.) | 22.0% | 28.6% |
| Beta vs S&P 500 | 0.44 | 0.60 |
| Max drawdown (3Y) | -21.6% | -26.2% |
| Market cap | $2.5B | $0.4B |
| P/E (trailing) | 5.1 | 2.4 |
| Dividend yield | 6.64% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KYN | NXG |
|---|---|---|
| 2022 | +20.5% | -7.6% |
| 2023 | +13.2% | +4.3% |
| 2024 | +60.4% | +50.6% |
| 2025 | +5.3% | +25.8% |
| 2026 | +25.5% | +20.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KYN and NXG good diversifiers for each other?
To a limited degree. At 0.60 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 KYN and NXG?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.35 over the last year and 0.66 over 5 years.
Is NXG a good diversifier for KYN?
To a limited degree. At 0.60 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 0.60 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/kyn-vs-nxg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/kyn-vs-nxg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KYN correlations · NXG correlations
