AOS vs. KMI
AOS (A. O. Smith Corporation) and KMI (Kinder Morgan, Inc.) are both stocks. AOS operates in Specialty Industrial Machinery (Industrials), while KMI operates in Oil & Gas Midstream (Energy). Over the past 10 years, AOS returned 4.50%/yr vs 10.37%/yr for KMI. Their 0.30 correlation means their historical movements had little consistent relationship.
Performance
AOS vs. KMI - Performance Comparison
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Returns By Period
In the year-to-date period, AOS achieves a -8.58% return, which is significantly lower than KMI's 19.29% return. Over the past 10 years, AOS has underperformed KMI with an annualized return of 4.50%, while KMI has yielded a comparatively higher 10.37% annualized return.
AOS
- 1D
- 1.14%
- 1M
- -3.55%
- 6M
- -17.22%
- YTD
- -8.58%
- 1Y
- -12.70%
- 3Y*
- -4.12%
- 5Y*
- -1.16%
- 10Y*
- 4.50%
- ALL TIME*
- 13.46%
KMI
- 1D
- 1.64%
- 1M
- 0.37%
- 6M
- 7.55%
- YTD
- 19.29%
- 1Y
- 18.01%
- 3Y*
- 28.06%
- 5Y*
- 19.17%
- 10Y*
- 10.37%
- ALL TIME*
- 4.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $119.26M | $110.97M | $106.04M | |
| $379.13M | $306.76M | $325.97M |
AOS vs. KMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AOS A. O. Smith Corporation | -8.58% | 0.07% | -15.92% | 47.30% | -32.07% | 59.28% | 17.46% | 13.65% | -29.35% | 30.78% |
KMI Kinder Morgan, Inc. | 19.29% | 4.74% | 64.42% | 4.10% | 21.23% | 23.75% | -30.77% | 44.43% | -11.18% | -10.56% |
Correlation
The correlation between AOS and KMI is 0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.09 |
Correlation (3Y) Balances recent behavior with more history. | 0.14 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.24 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.29 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2011 | 0.30 |
Over the past year, the correlation between AOS and KMI has dropped to 0.09 - well below their long-term average of 0.30, suggesting their price drivers have been diverging.
Fundamentals
AOS:
$8.33B
KMI:
$71.66B
AOS:
$3.59
KMI:
$0.95
AOS:
16.77
KMI:
33.79
AOS:
0.68
KMI:
2.06
AOS:
2.20
KMI:
4.53
AOS:
$3.80B
KMI:
$11.85B
AOS:
$1.47B
KMI:
$5.16B
AOS:
$734.10M
KMI:
$5.61B
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Return for Risk
AOS vs. KMI — Risk / Return Rank
AOS
KMI
AOS vs. KMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for A. O. Smith Corporation (AOS) and Kinder Morgan, Inc. (KMI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AOS | KMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -1.90 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.17 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | 1.81 | -2.25 |
| Martin ratioReturn relative to average drawdown | -0.83 | 3.83 | -4.66 |
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Drawdowns
AOS vs. KMI - Drawdown Comparison
The maximum AOS drawdown since its inception was -66.07%, smaller than the maximum KMI drawdown of -72.70%. Use the drawdown chart below to compare losses from any high point for AOS and KMI.
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Drawdown Indicators
| AOS | KMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.07% | -72.70% | +6.63% |
Max Drawdown (1Y)Largest decline over 1 year | -30.29% | -10.08% | -20.21% |
Max Drawdown (3Y)Largest decline over 3 years | -36.93% | -18.40% | -18.53% |
Max Drawdown (5Y)Largest decline over 5 years | -42.68% | -20.31% | -22.37% |
Max Drawdown (10Y)Largest decline over 10 years | -46.81% | -55.13% | +8.32% |
Current DrawdownCurrent decline from peak | -31.60% | -6.21% | -25.39% |
Average DrawdownAverage peak-to-trough decline | -20.51% | -31.84% | +11.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.82% | 4.76% | +11.06% |
Volatility
AOS vs. KMI - Volatility Comparison
A. O. Smith Corporation (AOS) has a higher volatility of 9.13% compared to Kinder Morgan, Inc. (KMI) at 5.69%. This indicates that AOS's price experiences larger fluctuations and is considered to be riskier than KMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AOS | KMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.13% | 5.69% | +3.44% |
Volatility (6M)Calculated over the trailing 6-month period | 20.39% | 14.36% | +6.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.92% | 20.15% | +5.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.41% | 22.41% | +5.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.19% | 27.45% | -0.26% |
Dividends
AOS vs. KMI - Dividend Comparison
AOS's dividend yield for the trailing twelve months is around 2.39%, less than KMI's 2.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOS A. O. Smith Corporation | 2.39% | 2.06% | 1.91% | 1.84% | 1.99% | 1.23% | 1.79% | 1.89% | 1.78% | 0.91% | 1.01% | 0.99% |
KMI Kinder Morgan, Inc. | 2.74% | 4.24% | 4.18% | 6.38% | 6.10% | 6.76% | 7.59% | 4.49% | 4.71% | 2.77% | 2.41% | 12.94% |
Financials
AOS vs. KMI - Financials Comparison
This section allows you to compare key financial metrics between A. O. Smith Corporation and Kinder Morgan, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
AOS vs. KMI - Profitability Comparison
AOS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, A. O. Smith Corporation reported a gross profit of 387.80M and revenue of 1.00B. Therefore, the gross margin over that period was 38.6%.
KMI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Kinder Morgan, Inc. reported a gross profit of -1.63B and revenue of -1.63B. Therefore, the gross margin over that period was 100.0%.
AOS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, A. O. Smith Corporation reported an operating income of 167.50M and revenue of 1.00B, resulting in an operating margin of 16.7%.
KMI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Kinder Morgan, Inc. reported an operating income of -1.44B and revenue of -1.63B, resulting in an operating margin of 88.7%.
AOS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, A. O. Smith Corporation reported a net income of 124.90M and revenue of 1.00B, resulting in a net margin of 12.4%.
KMI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Kinder Morgan, Inc. reported a net income of -1.01B and revenue of -1.63B, resulting in a net margin of 62.1%.
Frequently Asked Questions
AOS and KMI have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AOS has higher volatility (9.13%) compared to KMI (5.69%). In terms of maximum drawdown, AOS dropped -66.07% vs KMI's -72.70%.
KMI currently has the higher Sharpe Ratio (0.91 vs -0.51), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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