DTE vs OGE: Correlation
DTE Energy (DTE) 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 DTE and OGE?
Over the past 3 years, DTE and OGE moved with a correlation of 0.75, which is strong. The link has tightened recently: the 1-year correlation (0.88) runs above the 3-year figure (0.75). Over 5 years the correlation is 0.82, and the annualized covariance of weekly returns is 225.6 %².
Within DTE's tracked universe of 44 assets, OGE comes in at #12 by 3-year correlation. Twelve-month performance is nearly a tie, at +1.7% for DTE 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.
DTE vs OGE: side by side
| DTE (DTE Energy) | OGE (OGE Energy Corp) | |
|---|---|---|
| 1-year return | +1.7% | +5.5% |
| 5-year return | +33.3% | +60.6% |
| Volatility (ann.) | 17.1% | 17.6% |
| Beta vs S&P 500 | 0.07 | 0.20 |
| Max drawdown (3Y) | -12.4% | -11.3% |
| Market cap | $28.3B | $9.5B |
| P/E (trailing) | 21.8 | 20.4 |
| Dividend yield | 3.39% | 3.64% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | DTE | OGE |
|---|---|---|
| 2022 | +1.2% | +7.6% |
| 2023 | -2.8% | -7.5% |
| 2024 | +13.5% | +23.7% |
| 2025 | +10.4% | +7.6% |
| 2026 | +7.3% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DTE and OGE good diversifiers for each other?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DTE and OGE?
The DTE/OGE correlation stands at 0.75 on a 3-year window (1 year: 0.88, 5 years: 0.82), computed from weekly returns as of 2026-08-27.
Is OGE a good diversifier for DTE?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.75 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dte-vs-oge.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dte-vs-oge/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DTE correlations · OGE correlations
