LNG vs NML: Correlation
How closely do Cheniere Energy, Inc. (LNG) and Neuberger Energy Infrastructure and Income Fund Inc. (NML) trade together? Their weekly returns over three years give a correlation of 0.63, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LNG and NML?
On 3 years of weekly data the LNG/NML correlation comes out at 0.63, strong. Recent behaviour matches the longer record: 0.70 over 1 year against 0.63 over 3. The 5-year figure is 0.64, and annualized covariance runs at 380.2 %².
Among the 20 assets we track against LNG, NML ranks #4 by 3-year correlation. The trailing year gives NML the advantage: +17.4% versus +30.7%, a 13.3-point spread.
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 NML: side by side
| LNG (Cheniere Energy, Inc.) | NML (Neuberger Energy Infrastructure and Income Fund Inc.) | |
|---|---|---|
| 1-year return | +17.4% | +30.7% |
| 5-year return | +231.8% | +220.1% |
| Volatility (ann.) | 28.3% | 21.3% |
| Beta vs S&P 500 | 0.13 | 0.35 |
| Max drawdown (3Y) | -24.9% | -16.9% |
| Market cap | $58.0B | $0.6B |
| P/E (trailing) | 21.5 | 4.3 |
| Dividend yield | 0.78% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LNG | NML |
|---|---|---|
| 2022 | +49.3% | +32.8% |
| 2023 | +15.0% | +14.5% |
| 2024 | +27.2% | +40.5% |
| 2025 | -8.7% | +4.3% |
| 2026 | +45.5% | +29.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LNG and NML good diversifiers for each other?
To a limited degree. At 0.63 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 LNG and NML?
As of 2026-08-27, the correlation of weekly returns between LNG and NML is 0.63 over 3 years, 0.70 over 1 year and 0.64 over 5 years.
Is NML a good diversifier for LNG?
To a limited degree. At 0.63 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 0.63 mean?
A reading of 0.63 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/lng-vs-nml.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lng-vs-nml/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LNG correlations · NML correlations
