ATO vs OGE: Correlation
Atmos Energy (ATO) and OGE Energy Corp (OGE) show a strong relationship: their 3-year correlation of weekly returns is 0.75.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATO and OGE?
Across a 3-year window, the weekly returns of ATO and OGE correlate at 0.75, strong. Recent behaviour matches the longer record: 0.80 over 1 year against 0.75 over 3. Stretching to 5 years gives 0.80, with an annualized covariance of 210.0 %².
By 3-year correlation, OGE places #4 of the 32 assets tracked against ATO. Neither side won the trailing year by much: +2.9% against +5.5%.
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.
ATO vs OGE: side by side
| ATO (Atmos Energy) | OGE (OGE Energy Corp) | |
|---|---|---|
| 1-year return | +2.9% | +5.5% |
| 5-year return | +94.1% | +60.6% |
| Volatility (ann.) | 15.9% | 17.6% |
| Beta vs S&P 500 | 0.15 | 0.20 |
| Max drawdown (3Y) | -12.7% | -11.3% |
| Market cap | $28.3B | $9.5B |
| P/E (trailing) | 19.9 | 20.4 |
| Dividend yield | 2.28% | 3.64% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | ATO | OGE |
|---|---|---|
| 2022 | +9.6% | +7.6% |
| 2023 | +6.2% | -7.5% |
| 2024 | +23.4% | +23.7% |
| 2025 | +23.1% | +7.6% |
| 2026 | +1.5% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATO and OGE good diversifiers for each other?
Only partially. A correlation of 0.75 means ATO and OGE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ATO and OGE?
As of 2026-08-27, the correlation of weekly returns between ATO and OGE is 0.75 over 3 years, 0.80 over 1 year and 0.80 over 5 years.
Is OGE a good diversifier for ATO?
Only partially. A correlation of 0.75 means ATO and OGE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.75 mean?
On the −1 to +1 scale, 0.75 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ato-vs-oge.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ato-vs-oge/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ATO correlations · OGE correlations
