KYN vs SPH: Correlation
Kayne Anderson Energy Infrastructure Fund, Inc. (KYN) and Suburban Propane Partners, L.P. (SPH) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KYN and SPH?
Across a 3-year window, the weekly returns of KYN and SPH correlate at 0.42, moderate. The past 12 months show a tighter link (0.70) than the 3-year average (0.42). Stretching to 5 years gives 0.52, with an annualized covariance of 235.3 %².
By 3-year correlation, SPH places #17 of the 25 assets tracked against KYN. Their recent paths diverged sharply: over the last 12 months KYN outperformed by 28.4 percentage points (+29.1% for KYN against +0.7% for SPH).
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 SPH: side by side
| KYN (Kayne Anderson Energy Infrastructure Fund, Inc.) | SPH (Suburban Propane Partners, L.P.) | |
|---|---|---|
| 1-year return | +29.1% | +0.7% |
| 5-year return | +190.9% | +66.9% |
| Volatility (ann.) | 22.0% | 25.4% |
| Beta vs S&P 500 | 0.44 | 0.23 |
| Max drawdown (3Y) | -21.6% | -20.0% |
| Market cap | $2.5B | $1.2B |
| P/E (trailing) | 5.1 | 9.1 |
| Dividend yield | 6.64% | 7.34% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KYN | SPH |
|---|---|---|
| 2022 | +20.5% | +12.3% |
| 2023 | +13.2% | +27.0% |
| 2024 | +60.4% | +3.8% |
| 2025 | +5.3% | +15.2% |
| 2026 | +25.5% | -0.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KYN and SPH good diversifiers for each other?
Reasonably. At 0.42, KYN and SPH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KYN and SPH?
The KYN/SPH correlation stands at 0.42 on a 3-year window (1 year: 0.70, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is SPH a good diversifier for KYN?
Reasonably. At 0.42, KYN and SPH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 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-sph.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kyn-vs-sph/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KYN correlations · SPH correlations
