ETR vs OGE: Correlation
How closely do Entergy (ETR) and OGE Energy Corp (OGE) trade together? Their weekly returns over three years give a correlation of 0.80, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ETR and OGE?
Over the past 3 years, ETR and OGE moved with a correlation of 0.80, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.85 lands near the 3-year figure. Over 5 years the correlation is 0.80, and the annualized covariance of weekly returns is 276.5 %².
Few assets follow ETR as closely as OGE, which ranks #2 of 38 tracked partners. Correlation aside, the last 12 months split them widely, with ETR ahead by 16.4 points (+21.9% versus +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.
ETR vs OGE: side by side
| ETR (Entergy) | OGE (OGE Energy Corp) | |
|---|---|---|
| 1-year return | +21.9% | +5.5% |
| 5-year return | +132.0% | +60.6% |
| Volatility (ann.) | 19.7% | 17.6% |
| Beta vs S&P 500 | 0.22 | 0.20 |
| Max drawdown (3Y) | -10.6% | -11.3% |
| Market cap | $49.7B | $9.5B |
| P/E (trailing) | 27.2 | 20.4 |
| Dividend yield | 2.35% | 3.64% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | ETR | OGE |
|---|---|---|
| 2022 | +3.6% | +7.6% |
| 2023 | -6.1% | -7.5% |
| 2024 | +56.0% | +23.7% |
| 2025 | +25.3% | +7.6% |
| 2026 | +17.3% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ETR and OGE good diversifiers for each other?
Not really. At 0.80, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between ETR and OGE?
Using weekly returns as of 2026-08-27: 0.80 over 3 years, with 0.85 over the last year and 0.80 over 5 years.
Is OGE a good diversifier for ETR?
Not really. At 0.80, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.80 mean?
On the −1 to +1 scale, 0.80 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/etr-vs-oge.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/etr-vs-oge/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ETR correlations · OGE correlations
