KMI vs. HESM
KMI (Kinder Morgan, Inc.) and HESM (Hess Midstream LP) are both stocks. Both operate in the Oil & Gas Midstream industry within the Energy sector. Over the past 5 years, KMI returned 16.97%/yr vs 17.19%/yr for HESM. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
KMI vs. HESM - Performance Comparison
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Returns By Period
In the year-to-date period, KMI achieves a 15.99% return, which is significantly lower than HESM's 17.71% 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%
HESM
- 1D
- 0.31%
- 1M
- 2.02%
- YTD
- 17.71%
- 6M
- 18.47%
- 1Y
- 8.48%
- 3Y*
- 19.59%
- 5Y*
- 17.19%
- 10Y*
- —
KMI vs. HESM - 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% | -14.21% |
HESM Hess Midstream LP | 17.71% | 0.56% | 26.41% | 14.36% | 16.62% | 52.91% | -5.29% | 43.83% | -8.61% | -20.37% |
Correlation
The correlation between KMI and HESM is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2017 | 0.52 |
The correlation between KMI and HESM shifts across timeframes, from 0.50 (1 year) to 0.62 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
KMI:
$69.62B
HESM:
$5.03B
KMI:
$1.53
HESM:
$2.89
KMI:
20.46
HESM:
13.48
KMI:
1.25
HESM:
1.09
KMI:
3.97
HESM:
3.05
KMI:
2.22
HESM:
13.42
KMI:
$17.52B
HESM:
$1.63B
KMI:
$5.86B
HESM:
$1.13B
KMI:
$6.90B
HESM:
$1.24B
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Return for Risk
KMI vs. HESM — Risk / Return Rank
KMI
HESM
KMI vs. HESM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kinder Morgan, Inc. (KMI) and Hess Midstream LP (HESM). 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 | HESM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.09 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 0.33 | +1.10 |
| Martin ratioReturn relative to average drawdown | 2.87 | 0.67 | +2.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KMI | HESM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 0.35 | +0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.63 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.33 | -0.16 |
Drawdowns
KMI vs. HESM - Drawdown Comparison
The maximum KMI drawdown since its inception was -72.70%, roughly equal to the maximum HESM drawdown of -75.16%. Use the drawdown chart below to compare losses from any high point for KMI and HESM.
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Drawdown Indicators
| KMI | HESM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.70% | -75.16% | +2.46% |
Max Drawdown (1Y)Largest decline over 1 year | -11.11% | -25.78% | +14.67% |
Max Drawdown (3Y)Largest decline over 3 years | -18.40% | -25.78% | +7.38% |
Max Drawdown (5Y)Largest decline over 5 years | -20.31% | -28.72% | +8.41% |
Max Drawdown (10Y)Largest decline over 10 years | -55.13% | — | — |
Current DrawdownCurrent decline from peak | -8.80% | -4.39% | -4.41% |
Average DrawdownAverage peak-to-trough decline | -32.04% | -11.78% | -20.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.53% | 12.65% | -7.12% |
Volatility
KMI vs. HESM - Volatility Comparison
Kinder Morgan, Inc. (KMI) and Hess Midstream LP (HESM) have volatilities of 6.99% and 7.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KMI | HESM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.99% | 7.26% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 14.80% | 14.73% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.32% | 24.06% | -3.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.59% | 27.34% | -4.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.73% | 38.83% | -11.10% |
Dividends
KMI vs. HESM - Dividend Comparison
KMI's dividend yield for the trailing twelve months is around 3.76%, less than HESM's 7.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HESM Hess Midstream LP | 7.79% | 8.41% | 7.12% | 7.50% | 7.30% | 6.93% | 8.86% | 6.89% | 8.00% | 2.93% | 0.00% | 0.00% |
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. HESM - Financials Comparison
This section allows you to compare key financial metrics between Kinder Morgan, Inc. and Hess Midstream LP. 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. HESM - 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%.
HESM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hess Midstream LP reported a gross profit of 246.00M and revenue of 390.10M. Therefore, the gross margin over that period was 63.1%.
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%.
HESM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hess Midstream LP reported an operating income of 238.10M and revenue of 390.10M, resulting in an operating margin of 61.0%.
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%.
HESM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hess Midstream LP reported a net income of 87.60M and revenue of 390.10M, resulting in a net margin of 22.5%.
Frequently Asked Questions
KMI and HESM have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HESM has higher volatility (7.26%) compared to KMI (6.99%). In terms of maximum drawdown, KMI dropped -72.70% vs HESM's -75.16%.
KMI currently has the higher Sharpe Ratio (0.78 vs 0.35), 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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