DUK vs OGE: Correlation
How closely do Duke Energy (DUK) and OGE Energy Corp (OGE) trade together? Their weekly returns over three years give a correlation of 0.78, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DUK and OGE?
Across a 3-year window, the weekly returns of DUK and OGE correlate at 0.78, strong. Little has changed lately, as the 1-year reading of 0.88 lands near the 3-year figure. Stretching to 5 years gives 0.83, with an annualized covariance of 218.3 %².
By 3-year correlation, OGE places #7 of the 53 assets tracked against DUK. Their 12-month results are close: +1.1% for DUK against +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.
DUK vs OGE: side by side
| DUK (Duke Energy) | OGE (OGE Energy Corp) | |
|---|---|---|
| 1-year return | +1.1% | +5.5% |
| 5-year return | +39.8% | +60.6% |
| Volatility (ann.) | 15.9% | 17.6% |
| Beta vs S&P 500 | -0.09 | 0.20 |
| Max drawdown (3Y) | -11.6% | -11.3% |
| Market cap | $94.2B | $9.5B |
| P/E (trailing) | 18.3 | 20.4 |
| Dividend yield | 3.49% | 3.64% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | DUK | OGE |
|---|---|---|
| 2022 | +2.0% | +7.6% |
| 2023 | -1.6% | -7.5% |
| 2024 | +15.6% | +23.7% |
| 2025 | +12.7% | +7.6% |
| 2026 | +5.8% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DUK and OGE good diversifiers for each other?
Only partially. A correlation of 0.78 means DUK 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 DUK and OGE?
As of 2026-08-27, the correlation of weekly returns between DUK and OGE is 0.78 over 3 years, 0.88 over 1 year and 0.83 over 5 years.
Is OGE a good diversifier for DUK?
Only partially. A correlation of 0.78 means DUK 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 0.78 mean?
A reading of 0.78 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/duk-vs-oge.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/duk-vs-oge/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DUK correlations · OGE correlations
