LNG vs MNKD: Correlation
Measured on weekly returns over the past three years, Cheniere Energy, Inc. (LNG) and MannKind Corporation (MNKD) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LNG and MNKD?
On 3 years of weekly data the LNG/MNKD correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.59) than the 3-year average (-0.26). The 5-year figure is -0.18, and annualized covariance runs at -423.3 %².
Among the 20 assets we track against LNG, MNKD sits near the bottom by co-movement, at rank #19. Correlation aside, the last 12 months split them widely, with LNG ahead by 27.6 points (+17.4% versus -10.2%). One caveat on sizing: MNKD is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
LNG vs MNKD: side by side
| LNG (Cheniere Energy, Inc.) | MNKD (MannKind Corporation) | |
|---|---|---|
| 1-year return | +17.4% | -10.2% |
| 5-year return | +231.8% | -13.8% |
| Volatility (ann.) | 28.3% | 57.7% |
| Beta vs S&P 500 | 0.13 | 1.17 |
| Max drawdown (3Y) | -24.9% | -69.4% |
| Market cap | $58.0B | $1.3B |
| P/E (trailing) | 21.5 | – |
| Dividend yield | 0.78% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LNG | MNKD |
|---|---|---|
| 2022 | +49.3% | +20.6% |
| 2023 | +15.0% | -30.9% |
| 2024 | +27.2% | +76.6% |
| 2025 | -8.7% | -11.8% |
| 2026 | +45.5% | -28.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LNG and MNKD good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LNG and MNKD?
The LNG/MNKD correlation stands at -0.26 on a 3-year window (1 year: -0.59, 5 years: -0.18), computed from weekly returns as of 2026-08-27.
Is MNKD a good diversifier for LNG?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 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/lng-vs-mnkd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lng-vs-mnkd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LNG correlations · MNKD correlations
