EIX vs OGE: Correlation
Measured on weekly returns over the past three years, Edison International (EIX) and OGE Energy Corp (OGE) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EIX and OGE?
Across a 3-year window, the weekly returns of EIX and OGE correlate at 0.56, moderate. The past 12 months show a tighter link (0.69) than the 3-year average (0.56). Stretching to 5 years gives 0.65, with an annualized covariance of 255.4 %².
Among the 30 assets we track against EIX, OGE ranks #4 by 3-year correlation. The last year tells two different stories: EIX led by 34.9 percentage points, +40.4% for EIX 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.
EIX vs OGE: side by side
| EIX (Edison International) | OGE (OGE Energy Corp) | |
|---|---|---|
| 1-year return | +40.4% | +5.5% |
| 5-year return | +62.2% | +60.6% |
| Volatility (ann.) | 26.0% | 17.6% |
| Beta vs S&P 500 | 0.24 | 0.20 |
| Max drawdown (3Y) | -43.9% | -11.3% |
| Market cap | $28.4B | $9.5B |
| P/E (trailing) | 7.7 | 20.4 |
| Dividend yield | 4.64% | 3.64% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | EIX | OGE |
|---|---|---|
| 2022 | -2.6% | +7.6% |
| 2023 | +17.4% | -7.5% |
| 2024 | +15.2% | +23.7% |
| 2025 | -20.4% | +7.6% |
| 2026 | +27.6% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EIX and OGE good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EIX and OGE?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.69 over the last year and 0.65 over 5 years.
Is OGE a good diversifier for EIX?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
A reading of 0.56 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/eix-vs-oge.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eix-vs-oge/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EIX correlations · OGE correlations
