KMI vs. CQP
KMI (Kinder Morgan, Inc.) and CQP (Cheniere Energy Partners, L.P.) are both stocks. Both operate in the Oil & Gas Midstream industry within the Energy sector. Over the past 10 years, KMI returned 11.49%/yr vs 14.65%/yr for CQP. At a 0.44 correlation, their price movements are largely independent.
Performance
KMI vs. CQP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, KMI achieves a 15.99% return, which is significantly lower than CQP's 24.03% return. Over the past 10 years, KMI has underperformed CQP with an annualized return of 11.49%, while CQP has yielded a comparatively higher 14.65% annualized return.
KMI
- 1D
- -1.23%
- 1M
- -0.38%
- YTD
- 15.99%
- 6M
- 16.84%
- 1Y
- 15.80%
- 3Y*
- 28.85%
- 5Y*
- 16.97%
- 10Y*
- 11.49%
CQP
- 1D
- 0.14%
- 1M
- 3.51%
- YTD
- 24.03%
- 6M
- 21.11%
- 1Y
- 16.32%
- 3Y*
- 20.34%
- 5Y*
- 16.23%
- 10Y*
- 14.65%
KMI vs. CQP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KMI Kinder Morgan, Inc. | 15.99% | 4.74% | 64.42% | 4.10% | 21.23% | 23.75% | -30.77% | 44.43% | -11.18% | -10.56% |
CQP Cheniere Energy Partners, L.P. | 24.03% | 6.80% | 12.59% | -5.09% | 44.79% | 27.83% | -4.97% | 16.60% | 30.13% | 8.91% |
Correlation
The correlation between KMI and CQP is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2011 | 0.44 |
Fundamentals
KMI:
$69.62B
CQP:
$31.25B
KMI:
$1.53
CQP:
$5.21
KMI:
20.46
CQP:
12.39
KMI:
1.25
CQP:
0.39
KMI:
3.97
CQP:
2.75
KMI:
2.22
CQP:
400.60
KMI:
$17.52B
CQP:
$11.37B
KMI:
$5.86B
CQP:
$3.20B
KMI:
$6.90B
CQP:
$3.96B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
KMI vs. CQP — Risk / Return Rank
KMI
CQP
KMI vs. CQP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kinder Morgan, Inc. (KMI) and Cheniere Energy Partners, L.P. (CQP). 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.
| KMI | CQP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.13 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 1.11 | +0.31 |
| Martin ratioReturn relative to average drawdown | 2.87 | 2.57 | +0.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| KMI | CQP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 0.63 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.50 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.46 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.36 | -0.19 |
Drawdowns
KMI vs. CQP - Drawdown Comparison
The maximum KMI drawdown since its inception was -72.70%, smaller than the maximum CQP drawdown of -78.46%. Use the drawdown chart below to compare losses from any high point for KMI and CQP.
Loading charts...
Drawdown Indicators
| KMI | CQP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.70% | -78.46% | +5.76% |
Max Drawdown (1Y)Largest decline over 1 year | -11.11% | -14.72% | +3.61% |
Max Drawdown (3Y)Largest decline over 3 years | -18.40% | -24.87% | +6.47% |
Max Drawdown (5Y)Largest decline over 5 years | -20.31% | -29.12% | +8.81% |
Max Drawdown (10Y)Largest decline over 10 years | -55.13% | -60.31% | +5.18% |
Current DrawdownCurrent decline from peak | -8.80% | -6.79% | -2.01% |
Average DrawdownAverage peak-to-trough decline | -32.04% | -14.63% | -17.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.53% | 6.99% | -1.46% |
Volatility
KMI vs. CQP - Volatility Comparison
The current volatility for Kinder Morgan, Inc. (KMI) is 6.99%, while Cheniere Energy Partners, L.P. (CQP) has a volatility of 8.30%. This indicates that KMI experiences smaller price fluctuations and is considered to be less risky than CQP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| KMI | CQP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.99% | 8.30% | -1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 14.80% | 19.43% | -4.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.32% | 26.18% | -5.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.59% | 32.41% | -9.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.73% | 32.14% | -4.41% |
Dividends
KMI vs. CQP - Dividend Comparison
KMI's dividend yield for the trailing twelve months is around 3.76%, less than CQP's 5.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CQP Cheniere Energy Partners, L.P. | 5.07% | 6.15% | 5.06% | 8.36% | 6.82% | 6.30% | 7.28% | 6.08% | 6.07% | 5.79% | 5.90% | 6.52% |
KMI Kinder Morgan, Inc. | 3.76% | 4.24% | 4.18% | 6.38% | 6.10% | 6.76% | 7.59% | 4.49% | 4.71% | 2.77% | 2.41% | 12.94% |
Financials
KMI vs. CQP - Financials Comparison
This section allows you to compare key financial metrics between Kinder Morgan, Inc. and Cheniere Energy Partners, L.P.. 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
KMI vs. CQP - Profitability Comparison
KMI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
CQP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cheniere Energy Partners, L.P. reported a gross profit of 0.00 and revenue of 3.60B. Therefore, the gross margin over that period was 0.0%.
KMI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Kinder Morgan, Inc. reported an operating income of 1.44B and revenue of 4.83B, resulting in an operating margin of 29.9%.
CQP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cheniere Energy Partners, L.P. reported an operating income of 361.00M and revenue of 3.60B, resulting in an operating margin of 10.0%.
KMI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Kinder Morgan, Inc. reported a net income of 1.06B and revenue of 4.83B, resulting in a net margin of 22.0%.
CQP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cheniere Energy Partners, L.P. reported a net income of 186.00M and revenue of 3.60B, resulting in a net margin of 5.2%.
Frequently Asked Questions
KMI and CQP have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CQP has higher volatility (8.30%) compared to KMI (6.99%). In terms of maximum drawdown, KMI dropped -72.70% vs CQP's -78.46%.
KMI currently has the higher Sharpe Ratio (0.78 vs 0.63), 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.
Find the right allocation for KMI and CQP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer