KMI vs. EPD
KMI (Kinder Morgan, Inc.) and EPD (Enterprise Products 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 11.73%/yr vs 10.61%/yr for EPD. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
KMI vs. EPD - Performance Comparison
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Returns By Period
In the year-to-date period, KMI achieves a 18.40% return, which is significantly lower than EPD's 19.79% return. Over the past 10 years, KMI has outperformed EPD with an annualized return of 11.73%, while EPD has yielded a comparatively lower 10.61% annualized return.
KMI
- 1D
- 1.85%
- 1M
- -2.65%
- YTD
- 18.40%
- 6M
- 21.76%
- 1Y
- 20.25%
- 3Y*
- 29.74%
- 5Y*
- 17.07%
- 10Y*
- 11.73%
EPD
- 1D
- -0.08%
- 1M
- -2.72%
- YTD
- 19.79%
- 6M
- 19.53%
- 1Y
- 24.43%
- 3Y*
- 20.73%
- 5Y*
- 15.96%
- 10Y*
- 10.61%
KMI vs. EPD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KMI Kinder Morgan, Inc. | 18.40% | 4.74% | 64.42% | 4.10% | 21.23% | 23.75% | -30.77% | 44.43% | -11.18% | -10.56% |
EPD Enterprise Products Partners L.P. | 19.79% | 9.45% | 28.00% | 17.71% | 18.32% | 21.40% | -23.61% | 21.88% | -1.32% | 4.24% |
Correlation
The correlation between KMI and EPD is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2011 | 0.59 |
The correlation between KMI and EPD shifts across timeframes, from 0.51 (1 year) to 0.66 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
KMI:
$71.07B
EPD:
$81.47B
KMI:
$1.53
EPD:
$2.69
KMI:
20.88
EPD:
13.83
KMI:
1.27
EPD:
2.22
KMI:
4.05
EPD:
1.58
KMI:
$17.52B
EPD:
$51.57B
KMI:
$5.86B
EPD:
$7.31B
KMI:
$6.90B
EPD:
$10.11B
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Return for Risk
KMI vs. EPD — Risk / Return Rank
KMI
EPD
KMI vs. EPD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kinder Morgan, Inc. (KMI) and Enterprise Products Partners L.P. (EPD). 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.
| KMI | EPD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.28 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 3.24 | -1.41 |
| Martin ratioReturn relative to average drawdown | 3.62 | 9.50 | -5.87 |
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Drawdowns
KMI vs. EPD - Drawdown Comparison
The maximum KMI drawdown since its inception was -72.70%, which is greater than EPD's maximum drawdown of -58.78%. Use the drawdown chart below to compare losses from any high point for KMI and EPD.
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Drawdown Indicators
| KMI | EPD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.70% | -58.78% | -13.92% |
Max Drawdown (1Y)Largest decline over 1 year | -11.11% | -7.56% | -3.55% |
Max Drawdown (3Y)Largest decline over 3 years | -18.40% | -15.40% | -3.00% |
Max Drawdown (5Y)Largest decline over 5 years | -20.31% | -18.06% | -2.25% |
Max Drawdown (10Y)Largest decline over 10 years | -55.13% | -58.04% | +2.91% |
Current DrawdownCurrent decline from peak | -6.91% | -6.41% | -0.50% |
Average DrawdownAverage peak-to-trough decline | -32.06% | -10.22% | -21.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.60% | 2.58% | +3.02% |
Volatility
KMI vs. EPD - Volatility Comparison
Kinder Morgan, Inc. (KMI) has a higher volatility of 6.93% compared to Enterprise Products Partners L.P. (EPD) at 6.00%. This indicates that KMI's price experiences larger fluctuations and is considered to be riskier than EPD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KMI | EPD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.93% | 6.00% | +0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 14.66% | 13.27% | +1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.34% | 15.90% | +4.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.61% | 17.23% | +5.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.71% | 24.14% | +3.57% |
Dividends
KMI vs. EPD - Dividend Comparison
KMI's dividend yield for the trailing twelve months is around 3.68%, less than EPD's 5.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPD Enterprise Products Partners L.P. | 5.88% | 6.74% | 6.63% | 7.51% | 7.79% | 8.20% | 9.09% | 6.23% | 6.97% | 6.29% | 5.88% | 5.90% |
KMI Kinder Morgan, Inc. | 3.68% | 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. EPD - Financials Comparison
This section allows you to compare key financial metrics between Kinder Morgan, Inc. and Enterprise Products 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. EPD - 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%.
EPD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Enterprise Products Partners L.P. reported a gross profit of 1.88B and revenue of 14.39B. Therefore, the gross margin over that period was 13.1%.
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%.
EPD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Enterprise Products Partners L.P. reported an operating income of 1.82B and revenue of 14.39B, resulting in an operating margin of 12.6%.
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%.
EPD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Enterprise Products Partners L.P. reported a net income of 1.48B and revenue of 14.39B, resulting in a net margin of 10.3%.
Frequently Asked Questions
KMI and EPD have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KMI has higher volatility (6.93%) compared to EPD (6.00%). In terms of maximum drawdown, KMI dropped -72.70% vs EPD's -58.78%.
EPD currently has the higher Sharpe Ratio (1.54 vs 1.00), 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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