KNTK vs OKE: Correlation
How closely do Kinetik Holdings Inc. (KNTK) and Oneok (OKE) trade together? Their weekly returns over three years give a correlation of 0.70, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KNTK and OKE?
On 3 years of weekly data the KNTK/OKE correlation comes out at 0.70, strong. Lately the two have drifted apart, with the 1-year correlation at 0.58 versus 0.70 over 3 years. The 5-year figure is 0.61, and annualized covariance runs at 663.3 %².
OKE is one of the assets that tracks KNTK most closely: it ranks #2 out of the 14 assets we track against KNTK. On 12-month performance KNTK holds a 6.6-point edge, +39.6% against +33.0%.
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.
KNTK vs OKE: side by side
| KNTK (Kinetik Holdings Inc.) | OKE (Oneok) | |
|---|---|---|
| 1-year return | +39.6% | +33.0% |
| 5-year return | +147.1% | +134.0% |
| Volatility (ann.) | 33.1% | 28.7% |
| Beta vs S&P 500 | 0.63 | 0.42 |
| Max drawdown (3Y) | -49.0% | -42.2% |
| Market cap | $9.2B | $59.7B |
| P/E (trailing) | 19.3 | 16.4 |
| Dividend yield | 5.83% | 4.47% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | KNTK | OKE |
|---|---|---|
| 2022 | +14.6% | +18.9% |
| 2023 | +10.9% | +13.2% |
| 2024 | +83.1% | +50.1% |
| 2025 | -31.9% | -22.9% |
| 2026 | +59.0% | +33.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KNTK and OKE good diversifiers for each other?
To a limited degree. At 0.70 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between KNTK and OKE?
As of 2026-08-27, the correlation of weekly returns between KNTK and OKE is 0.70 over 3 years, 0.58 over 1 year and 0.61 over 5 years.
Is OKE a good diversifier for KNTK?
To a limited degree. At 0.70 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.70 mean?
On the −1 to +1 scale, 0.70 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/kntk-vs-oke.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kntk-vs-oke/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KNTK correlations · OKE correlations
