KYN vs OKE: Correlation
Kayne Anderson Energy Infrastructure Fund, Inc. (KYN) and Oneok (OKE) show a strong relationship: their 3-year correlation of weekly returns is 0.72.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KYN and OKE?
Across a 3-year window, the weekly returns of KYN and OKE correlate at 0.72, strong. Little has changed lately, as the 1-year reading of 0.68 lands near the 3-year figure. Stretching to 5 years gives 0.78, with an annualized covariance of 455.1 %².
Among the 25 assets we track against KYN, OKE ranks #6 by 3-year correlation. Twelve-month performance is nearly a tie, at +29.1% for KYN and +33.0% for OKE.
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 OKE: side by side
| KYN (Kayne Anderson Energy Infrastructure Fund, Inc.) | OKE (Oneok) | |
|---|---|---|
| 1-year return | +29.1% | +33.0% |
| 5-year return | +190.9% | +134.0% |
| Volatility (ann.) | 22.0% | 28.7% |
| Beta vs S&P 500 | 0.44 | 0.42 |
| Max drawdown (3Y) | -21.6% | -42.2% |
| Market cap | $2.5B | $59.7B |
| P/E (trailing) | 5.1 | 16.4 |
| Dividend yield | 6.64% | 4.47% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | KYN | OKE |
|---|---|---|
| 2022 | +20.5% | +18.9% |
| 2023 | +13.2% | +13.2% |
| 2024 | +60.4% | +50.1% |
| 2025 | +5.3% | -22.9% |
| 2026 | +25.5% | +33.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KYN and OKE good diversifiers for each other?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between KYN and OKE?
As of 2026-08-27, the correlation of weekly returns between KYN and OKE is 0.72 over 3 years, 0.68 over 1 year and 0.78 over 5 years.
Is OKE a good diversifier for KYN?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.72 mean?
On the −1 to +1 scale, 0.72 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-oke.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kyn-vs-oke/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KYN correlations · OKE correlations
