KYN vs PBA: Correlation
How closely do Kayne Anderson Energy Infrastructure Fund, Inc. (KYN) and Pembina Pipeline Corp. (PBA) trade together? Their weekly returns over three years give a correlation of 0.62, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KYN and PBA?
On 3 years of weekly data the KYN/PBA correlation comes out at 0.62, strong. Lately the two have moved closer together, with the 1-year correlation at 0.73 versus 0.62 over 3 years. The 5-year figure is 0.70, and annualized covariance runs at 272.0 %².
By 3-year correlation, PBA places #11 of the 25 assets tracked against KYN. Twelve-month performance is nearly a tie, at +29.1% for KYN and +31.4% for PBA.
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 PBA: side by side
| KYN (Kayne Anderson Energy Infrastructure Fund, Inc.) | PBA (Pembina Pipeline Corp.) | |
|---|---|---|
| 1-year return | +29.1% | +31.4% |
| 5-year return | +190.9% | +98.2% |
| Volatility (ann.) | 22.0% | 20.0% |
| Beta vs S&P 500 | 0.44 | 0.08 |
| Max drawdown (3Y) | -21.6% | -17.9% |
| Market cap | $2.5B | $28.1B |
| P/E (trailing) | 5.1 | 23.7 |
| Dividend yield | 6.64% | 5.93% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KYN | PBA |
|---|---|---|
| 2022 | +20.5% | +18.3% |
| 2023 | +13.2% | +7.8% |
| 2024 | +60.4% | +13.2% |
| 2025 | +5.3% | +5.7% |
| 2026 | +25.5% | +30.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KYN and PBA good diversifiers for each other?
To a limited degree. At 0.62 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 PBA?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.73 over the last year and 0.70 over 5 years.
Is PBA a good diversifier for KYN?
To a limited degree. At 0.62 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 0.62 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/kyn-vs-pba.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kyn-vs-pba/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KYN correlations · PBA correlations
