DX vs. KMI
DX (Dynex Capital, Inc.) and KMI (Kinder Morgan, Inc.) are both stocks. DX operates in REIT - Mortgage (Real Estate), while KMI operates in Oil & Gas Midstream (Energy). Over the past 10 years, DX returned 7.71%/yr vs 10.01%/yr for KMI. At a 0.31 correlation, their price movements are largely independent.
Performance
DX vs. KMI - Performance Comparison
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Returns By Period
In the year-to-date period, DX achieves a 2.33% return, which is significantly lower than KMI's 23.06% return. Over the past 10 years, DX has underperformed KMI with an annualized return of 7.71%, while KMI has yielded a comparatively higher 10.01% annualized return.
DX
- 1D
- -1.58%
- 1M
- 1.78%
- 6M
- -3.33%
- YTD
- 2.33%
- 1Y
- 22.32%
- 3Y*
- 16.57%
- 5Y*
- 6.74%
- 10Y*
- 7.71%
- ALL TIME*
- 8.26%
KMI
- 1D
- 0.87%
- 1M
- 3.13%
- 6M
- 20.99%
- YTD
- 23.06%
- 1Y
- 24.00%
- 3Y*
- 29.50%
- 5Y*
- 19.64%
- 10Y*
- 10.01%
- ALL TIME*
- 5.08%
DX vs. KMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DX Dynex Capital, Inc. | 2.33% | 29.48% | 13.64% | 11.91% | -15.39% | 2.25% | 17.09% | 11.12% | -8.46% | 13.80% |
KMI Kinder Morgan, Inc. | 23.06% | 4.74% | 64.42% | 4.10% | 21.23% | 23.75% | -30.77% | 44.43% | -11.18% | -10.56% |
Correlation
The correlation between DX and KMI is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2011 | 0.31 |
Over the past year, the correlation between DX and KMI has dropped to 0.02 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.
Fundamentals
DX:
$1.99B
KMI:
$72.48B
DX:
$2.43
KMI:
$1.53
DX:
5.40
KMI:
21.31
DX:
2.65
KMI:
4.14
DX:
0.96
KMI:
2.31
DX:
$886.86M
KMI:
$17.52B
DX:
$677.89M
KMI:
$5.86B
DX:
$771.29M
KMI:
$6.90B
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Return for Risk
DX vs. KMI — Risk / Return Rank
DX
KMI
DX vs. KMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dynex Capital, Inc. (DX) 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.
| DX | KMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.22 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 2.39 | -0.92 |
| Martin ratioReturn relative to average drawdown | 4.28 | 5.46 | -1.18 |
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Drawdowns
DX vs. KMI - Drawdown Comparison
The maximum DX drawdown since its inception was -99.12%, which is greater than KMI's maximum drawdown of -72.70%. Use the drawdown chart below to compare losses from any high point for DX and KMI.
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Drawdown Indicators
| DX | KMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.12% | -72.70% | -26.42% |
Max Drawdown (1Y)Largest decline over 1 year | -15.27% | -10.08% | -5.19% |
Max Drawdown (3Y)Largest decline over 3 years | -25.81% | -18.40% | -7.41% |
Max Drawdown (5Y)Largest decline over 5 years | -33.44% | -20.31% | -13.13% |
Max Drawdown (10Y)Largest decline over 10 years | -56.76% | -55.13% | -1.63% |
Current DrawdownCurrent decline from peak | -29.96% | -3.24% | -26.72% |
Average DrawdownAverage peak-to-trough decline | -56.72% | -31.88% | -24.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.23% | 4.43% | +0.80% |
Volatility
DX vs. KMI - Volatility Comparison
The current volatility for Dynex Capital, Inc. (DX) is 4.77%, while Kinder Morgan, Inc. (KMI) has a volatility of 5.65%. This indicates that DX experiences smaller price fluctuations and is considered to be less risky 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
| DX | KMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 5.65% | -0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 14.22% | 14.56% | -0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.71% | 20.21% | -2.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.84% | 22.42% | +1.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.91% | 27.47% | +2.44% |
Dividends
DX vs. KMI - Dividend Comparison
DX's dividend yield for the trailing twelve months is around 15.55%, more than KMI's 5.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DX Dynex Capital, Inc. | 15.55% | 14.13% | 11.46% | 12.46% | 12.26% | 9.34% | 9.33% | 11.87% | 12.59% | 10.27% | 12.32% | 15.12% |
KMI Kinder Morgan, Inc. | 5.43% | 4.24% | 4.18% | 6.38% | 6.10% | 6.76% | 7.59% | 4.49% | 4.71% | 2.77% | 2.41% | 12.94% |
Financials
DX vs. KMI - Financials Comparison
This section allows you to compare key financial metrics between Dynex Capital, Inc. 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
DX vs. KMI - Profitability Comparison
DX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Dynex Capital, Inc. reported a gross profit of 93.78M and revenue of 302.75M. Therefore, the gross margin over that period was 31.0%.
KMI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Kinder Morgan, Inc. reported a gross profit of 0.00 and revenue of 4.83B. Therefore, the gross margin over that period was 0.0%.
DX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Dynex Capital, Inc. reported an operating income of 77.57M and revenue of 302.75M, resulting in an operating margin of 25.6%.
KMI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Kinder Morgan, Inc. reported an operating income of 1.44B and revenue of 4.83B, resulting in an operating margin of 29.9%.
DX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Dynex Capital, Inc. reported a net income of 180.79M and revenue of 302.75M, resulting in a net margin of 59.7%.
KMI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Kinder Morgan, Inc. reported a net income of 1.06B and revenue of 4.83B, resulting in a net margin of 22.0%.
Frequently Asked Questions
DX and KMI have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KMI has higher volatility (5.65%) compared to DX (4.77%). In terms of maximum drawdown, DX dropped -99.12% vs KMI's -72.70%.
DX currently has the higher Sharpe Ratio (1.27 vs 1.20), 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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