NWBI vs. KMI

Last updated Jun 4, 2026

NWBI (Northwest Bancshares, Inc.) and KMI (Kinder Morgan, Inc.) are both stocks. NWBI operates in Banks - Regional (Financial Services), while KMI operates in Oil & Gas Midstream (Energy). Over the past 10 years, NWBI returned 5.03%/yr vs 11.21%/yr for KMI. At a 0.34 correlation, their price movements are largely independent.

Performance

NWBI vs. KMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Northwest Bancshares, Inc. (NWBI) and Kinder Morgan, Inc. (KMI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NWBI achieves a 18.42% return, which is significantly higher than KMI's 16.28% return. Over the past 10 years, NWBI has underperformed KMI with an annualized return of 5.03%, while KMI has yielded a comparatively higher 11.21% annualized return.

NWBI

• 1D: -2.54%
• 1M: 1.59%
• YTD: 18.42%
• 6M: 13.96%
• 1Y: 20.03%
• 3Y*: 13.85%
• 5Y*: 5.78%
• 10Y*: 5.03%

KMI

• 1D: -0.22%
• 1M: -3.39%
• YTD: 16.28%
• 6M: 17.65%
• 1Y: 14.39%
• 3Y*: 29.68%
• 5Y*: 17.09%
• 10Y*: 11.21%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NWBI vs. KMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NWBI Northwest Bancshares, Inc.	18.42%	-2.86%	12.66%	-4.38%	4.60%	17.77%	-18.03%	2.36%	5.40%	-3.53%
KMI Kinder Morgan, Inc.	16.28%	4.74%	64.42%	4.10%	21.23%	23.75%	-30.77%	44.43%	-11.18%	-10.56%

Correlation

The correlation between NWBI and KMI is 0.05, 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	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (10Y) Calculated over the trailing 10-year period	0.36
Correlation (All Time) Calculated using the full available price history since Feb 14, 2011	0.34

Over the past year, the correlation between NWBI and KMI has dropped to 0.05 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.

Fundamentals

Market Cap NWBI : $2.03B KMI : $69.80B
EPS NWBI : $0.95 KMI : $1.53
PE Ratio NWBI : 14.59 KMI : 20.51
PS Ratio NWBI : 2.23 KMI : 3.98
PB Ratio NWBI : 1.06 KMI : 2.23
Total Revenue (TTM) NWBI : $869.92M KMI : $17.52B
Gross Profit (TTM) NWBI : $451.19M KMI : $5.86B
EBITDA (TTM) NWBI : $112.56M KMI : $6.90B

Return for Risk

NWBI vs. KMI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NWBI

NWBI Risk / Return Rank: 65
NWBI Sharpe Ratio Rank: 67
NWBI Sortino Ratio Rank: 62
NWBI Omega Ratio Rank: 60
NWBI Calmar Ratio Rank: 68
NWBI Martin Ratio Rank: 67

KMI

KMI Risk / Return Rank: 60
KMI Sharpe Ratio Rank: 63
KMI Sortino Ratio Rank: 55
KMI Omega Ratio Rank: 55
KMI Calmar Ratio Rank: 66
KMI Martin Ratio Rank: 63

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NWBI vs. KMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Northwest Bancshares, Inc. (NWBI) 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.

	NWBI	KMI	Difference
Sharpe ratio Return per unit of total volatility	0.84	0.71	+0.13
Sortino ratio Return per unit of downside risk	1.36	1.07	+0.30
Omega ratio Gain probability vs. loss probability	1.16	1.14	+0.03
Calmar ratio Return relative to maximum drawdown	1.44	1.30	+0.14
Martin ratio Return relative to average drawdown	3.21	2.64	+0.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NWBI vs. KMI - Sharpe Ratio Comparison

The current NWBI Sharpe Ratio is 0.84, which is comparable to the KMI Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of NWBI and KMI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NWBI	KMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.84	0.71	+0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.23	0.76	-0.53
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.19	0.41	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.17	+0.14

Drawdowns

NWBI vs. KMI - Drawdown Comparison

The maximum NWBI drawdown since its inception was -64.95%, smaller than the maximum KMI drawdown of -72.70%. Use the drawdown chart below to compare losses from any high point for NWBI and KMI.

Drawdown Indicators

	NWBI	KMI	Difference
Max Drawdown Largest peak-to-trough decline	-64.95%	-72.70%	+7.75%
Max Drawdown (1Y) Largest decline over 1 year	-13.97%	-11.11%	-2.86%
Max Drawdown (3Y) Largest decline over 3 years	-26.56%	-18.40%	-8.16%
Max Drawdown (5Y) Largest decline over 5 years	-32.59%	-20.31%	-12.28%
Max Drawdown (10Y) Largest decline over 10 years	-48.65%	-55.13%	+6.48%
Current Drawdown Current decline from peak	-2.54%	-8.57%	+6.03%
Average Drawdown Average peak-to-trough decline	-14.66%	-32.06%	+17.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.26%	5.49%	+0.77%

Volatility

NWBI vs. KMI - Volatility Comparison

The current volatility for Northwest Bancshares, Inc. (NWBI) is 5.67%, while Kinder Morgan, Inc. (KMI) has a volatility of 7.15%. This indicates that NWBI 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.

Volatility by Period

	NWBI	KMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.67%	7.15%	-1.48%
Volatility (6M) Calculated over the trailing 6-month period	15.45%	15.03%	+0.42%
Volatility (1Y) Calculated over the trailing 1-year period	23.97%	20.33%	+3.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.41%	22.58%	+2.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.63%	27.74%	-1.11%

Dividends

NWBI vs. KMI - Dividend Comparison

NWBI's dividend yield for the trailing twelve months is around 5.80%, more than KMI's 3.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KMI Kinder Morgan, Inc.	3.75%	4.24%	4.18%	6.38%	6.10%	6.76%	7.59%	4.49%	4.71%	2.77%	2.41%	12.94%
NWBI Northwest Bancshares, Inc.	5.80%	6.67%	6.07%	6.41%	5.72%	5.58%	5.97%	4.33%	4.01%	3.83%	3.33%	4.18%

Financials

NWBI vs. KMI - Profitability Comparison

The chart below illustrates the profitability comparison between Northwest Bancshares, Inc. and Kinder Morgan, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

NWBI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Northwest Bancshares, Inc. reported a gross profit of 0.00 and revenue of 201.55M. Therefore, the gross margin over that period was 0.0%.

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%.

NWBI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Northwest Bancshares, Inc. reported an operating income of 3.21M and revenue of 201.55M, resulting in an operating margin of 1.6%.

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%.

NWBI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Northwest Bancshares, Inc. reported a net income of 50.54M and revenue of 201.55M, resulting in a net margin of 25.1%.

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%.

Frequently Asked Questions

Can I hold both NWBI and KMI in my portfolio?

NWBI and KMI have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NWBI or KMI?

KMI has higher volatility (7.15%) compared to NWBI (5.67%). In terms of maximum drawdown, NWBI dropped -64.95% vs KMI's -72.70%.

Which has better risk-adjusted returns?

NWBI currently has the higher Sharpe Ratio (0.84 vs 0.71), 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.