EXC vs OGE: Correlation
Measured on weekly returns over the past three years, Exelon (EXC) and OGE Energy Corp (OGE) carry a correlation of 0.74, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXC and OGE?
Over the past 3 years, EXC and OGE moved with a correlation of 0.74, which is strong. The link has tightened recently: the 1-year correlation (0.85) runs above the 3-year figure (0.74). Over 5 years the correlation is 0.75, and the annualized covariance of weekly returns is 250.8 %².
Among the 41 assets we track against EXC, OGE ranks #10 by 3-year correlation. Their 12-month results are close: +1.7% for EXC 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.
EXC vs OGE: side by side
| EXC (Exelon) | OGE (OGE Energy Corp) | |
|---|---|---|
| 1-year return | +1.7% | +5.5% |
| 5-year return | +48.1% | +60.6% |
| Volatility (ann.) | 19.4% | 17.6% |
| Beta vs S&P 500 | -0.05 | 0.20 |
| Max drawdown (3Y) | -18.9% | -11.3% |
| Market cap | $45.3B | $9.5B |
| P/E (trailing) | 16.3 | 20.4 |
| Dividend yield | 3.69% | 3.64% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | EXC | OGE |
|---|---|---|
| 2022 | +8.3% | +7.6% |
| 2023 | -14.0% | -7.5% |
| 2024 | +9.2% | +23.7% |
| 2025 | +20.0% | +7.6% |
| 2026 | +2.7% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXC and OGE good diversifiers for each other?
Only partially. A correlation of 0.74 means EXC 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 EXC and OGE?
As of 2026-08-27, the correlation of weekly returns between EXC and OGE is 0.74 over 3 years, 0.85 over 1 year and 0.75 over 5 years.
Is OGE a good diversifier for EXC?
Only partially. A correlation of 0.74 means EXC 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 0.74 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/exc-vs-oge.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/exc-vs-oge/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EXC correlations · OGE correlations
