Kayne Anderson Energy Infrastructure Fund, Inc. (KYN) — Stock Correlations & Overview
Over the past year, KYN has moved most closely with ENFR, USAI, NBET. Explore the stocks most correlated and inversely correlated with KYN below, along with its price, financials, and company profile.
Stocks correlated with KYN
Correlation of daily returns. Higher positive values move with KYN; negative values move opposite it. Informational only, not investment advice.
Most correlated with KYN
| Symbol | Company | Correlation |
|---|---|---|
| ENFR | Alerian Energy Infrastructure ETF | 0.74 |
| USAI | Pacer American Energy Infrastructure ETF | 0.73 |
| NBET | Neuberger Energy Transition & Infrastructure ETF | 0.72 |
| ATMP | iPath Select MLP ETN | 0.72 |
| PIPE | Invesco SteelPath MLP & Energy Infrastructure ETF | 0.72 |
Most inversely correlated with KYN
| Symbol | Company | Correlation |
|---|---|---|
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.57 |
| DUG | ProShares UltraShort Energy | -0.56 |
| ERY | Direxion Daily Energy Bear 2X ETF | -0.56 |
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.55 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.54 |
Frequently asked questions about KYN correlations
- Which stocks are most correlated with KYN?
- Based on one year of daily returns, the stocks most correlated with Kayne Anderson Energy Infrastructure Fund, Inc. (KYN) are ENFR (0.74), USAI (0.73) and NBET (0.72). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with KYN?
- Over the past year, the stocks most inversely correlated with Kayne Anderson Energy Infrastructure Fund, Inc. (KYN) are OILD (-0.57), DUG (-0.56) and ERY (-0.56). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these KYN correlations calculated?
- We compute the correlation of daily returns between KYN and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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