LNG vs OKE: Correlation
How closely do Cheniere Energy, Inc. (LNG) and Oneok (OKE) trade together? Their weekly returns over three years give a correlation of 0.67, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LNG and OKE?
On 3 years of weekly data the LNG/OKE correlation comes out at 0.67, strong. The relationship has been stable: the 1-year correlation (0.70) sits close to the 3-year figure. The 5-year figure is 0.66, and annualized covariance runs at 542.8 %².
In LNG's tracked universe of 20 assets, OKE sits right near the top at #2. Correlation aside, the last 12 months split them widely, with OKE ahead by 15.6 points (+17.4% versus +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.
LNG vs OKE: side by side
| LNG (Cheniere Energy, Inc.) | OKE (Oneok) | |
|---|---|---|
| 1-year return | +17.4% | +33.0% |
| 5-year return | +231.8% | +134.0% |
| Volatility (ann.) | 28.3% | 28.7% |
| Beta vs S&P 500 | 0.13 | 0.42 |
| Max drawdown (3Y) | -24.9% | -42.2% |
| Market cap | $58.0B | $59.7B |
| P/E (trailing) | 21.5 | 16.4 |
| Dividend yield | 0.78% | 4.47% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | LNG | OKE |
|---|---|---|
| 2022 | +49.3% | +18.9% |
| 2023 | +15.0% | +13.2% |
| 2024 | +27.2% | +50.1% |
| 2025 | -8.7% | -22.9% |
| 2026 | +45.5% | +33.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LNG and OKE good diversifiers for each other?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between LNG and OKE?
As of 2026-08-27, the correlation of weekly returns between LNG and OKE is 0.67 over 3 years, 0.70 over 1 year and 0.66 over 5 years.
Is OKE a good diversifier for LNG?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.67 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/lng-vs-oke.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lng-vs-oke/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LNG correlations · OKE correlations
