KYN vs WMB: Correlation
How closely do Kayne Anderson Energy Infrastructure Fund, Inc. (KYN) and Williams Companies (WMB) trade together? Their weekly returns over three years give a correlation of 0.67, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KYN and WMB?
Over the past 3 years, KYN and WMB moved with a correlation of 0.67, which is strong. The relationship has been stable: the 1-year correlation (0.61) sits close to the 3-year figure. Over 5 years the correlation is 0.74, and the annualized covariance of weekly returns is 355.4 %².
Among the 25 assets we track against KYN, WMB ranks #10 by 3-year correlation. Their 12-month results are close: +29.1% for KYN against +33.1% for WMB.
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 WMB: side by side
| KYN (Kayne Anderson Energy Infrastructure Fund, Inc.) | WMB (Williams Companies) | |
|---|---|---|
| 1-year return | +29.1% | +33.1% |
| 5-year return | +190.9% | +279.9% |
| Volatility (ann.) | 22.0% | 24.0% |
| Beta vs S&P 500 | 0.44 | 0.34 |
| Max drawdown (3Y) | -21.6% | -12.4% |
| Market cap | $2.5B | $90.7B |
| P/E (trailing) | 5.1 | 29.7 |
| Dividend yield | 6.64% | 2.76% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | KYN | WMB |
|---|---|---|
| 2022 | +20.5% | +32.8% |
| 2023 | +13.2% | +11.9% |
| 2024 | +60.4% | +62.3% |
| 2025 | +5.3% | +14.9% |
| 2026 | +25.5% | +25.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KYN and WMB good diversifiers for each other?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between KYN and WMB?
Using weekly returns as of 2026-08-27: 0.67 over 3 years, with 0.61 over the last year and 0.74 over 5 years.
Is WMB a good diversifier for KYN?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.67 mean?
On the −1 to +1 scale, 0.67 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.
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Related comparisons
Hubs: KYN correlations · WMB correlations
