DTM vs OKE: Correlation
DT Midstream, Inc. (DTM) and Oneok (OKE) show a strong relationship: their 3-year correlation of weekly returns is 0.69.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DTM and OKE?
Across a 3-year window, the weekly returns of DTM and OKE correlate at 0.69, strong. The link has loosened recently: the 1-year correlation (0.57) runs below the 3-year figure (0.69). Stretching to 5 years gives 0.72, with an annualized covariance of 471.9 %².
Within DTM's tracked universe of 17 assets, OKE comes in at #5 by 3-year correlation. Their 12-month results are close: +32.9% for DTM against +33.0% for OKE.
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.
DTM vs OKE: side by side
| DTM (DT Midstream, Inc.) | OKE (Oneok) | |
|---|---|---|
| 1-year return | +32.9% | +33.0% |
| 5-year return | +248.3% | +134.0% |
| Volatility (ann.) | 23.9% | 28.7% |
| Beta vs S&P 500 | 0.42 | 0.42 |
| Max drawdown (3Y) | -23.6% | -42.2% |
| Market cap | $13.4B | $59.7B |
| P/E (trailing) | 29.1 | 16.4 |
| Dividend yield | 2.57% | 4.47% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | DTM | OKE |
|---|---|---|
| 2022 | +20.7% | +18.9% |
| 2023 | +4.7% | +13.2% |
| 2024 | +88.9% | +50.1% |
| 2025 | +24.1% | -22.9% |
| 2026 | +11.4% | +33.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DTM and OKE good diversifiers for each other?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DTM and OKE?
The DTM/OKE correlation stands at 0.69 on a 3-year window (1 year: 0.57, 5 years: 0.72), computed from weekly returns as of 2026-08-27.
Is OKE a good diversifier for DTM?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.69 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/dtm-vs-oke.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dtm-vs-oke/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DTM correlations · OKE correlations
