AEE vs OGE: Correlation
Measured on weekly returns over the past three years, Ameren (AEE) and OGE Energy Corp (OGE) carry a correlation of 0.83, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEE and OGE?
Over the past 3 years, AEE and OGE moved with a correlation of 0.83, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.87 over 1 year against 0.83 over 3. Over 5 years the correlation is 0.86, and the annualized covariance of weekly returns is 260.1 %².
OGE is one of the assets that tracks AEE most closely: it ranks #3 out of the 35 assets we track against AEE. Twelve-month performance is nearly a tie, at +8.8% for AEE and +5.5% for OGE.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AEE vs OGE: side by side
| AEE (Ameren) | OGE (OGE Energy Corp) | |
|---|---|---|
| 1-year return | +8.8% | +5.5% |
| 5-year return | +39.7% | +60.6% |
| Volatility (ann.) | 17.8% | 17.6% |
| Beta vs S&P 500 | 0.10 | 0.20 |
| Max drawdown (3Y) | -16.5% | -11.3% |
| Market cap | $29.6B | $9.5B |
| P/E (trailing) | 19.0 | 20.4 |
| Dividend yield | 2.71% | 3.64% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | AEE | OGE |
|---|---|---|
| 2022 | +2.5% | +7.6% |
| 2023 | -16.1% | -7.5% |
| 2024 | +27.5% | +23.7% |
| 2025 | +15.3% | +7.6% |
| 2026 | +8.4% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEE and OGE good diversifiers for each other?
No. With a correlation of 0.83, AEE and OGE move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between AEE and OGE?
The AEE/OGE correlation stands at 0.83 on a 3-year window (1 year: 0.87, 5 years: 0.86), computed from weekly returns as of 2026-08-27.
Is OGE a good diversifier for AEE?
No. With a correlation of 0.83, AEE and OGE move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.83 mean?
A reading of 0.83 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aee-vs-oge.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aee-vs-oge/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AEE correlations · OGE correlations
