MO vs OGE: Correlation
Measured on weekly returns over the past three years, Altria (MO) and OGE Energy Corp (OGE) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MO and OGE?
Across a 3-year window, the weekly returns of MO and OGE correlate at 0.43, moderate. The link has tightened recently: the 1-year correlation (0.54) runs above the 3-year figure (0.43). Stretching to 5 years gives 0.35, with an annualized covariance of 165.9 %².
By 3-year correlation, OGE places #15 of the 49 assets tracked against MO. Twelve-month performance is nearly a tie, at +8.8% for MO and +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.
MO vs OGE: side by side
| MO (Altria) | OGE (OGE Energy Corp) | |
|---|---|---|
| 1-year return | +8.8% | +5.5% |
| 5-year return | +100.4% | +60.6% |
| Volatility (ann.) | 21.8% | 17.6% |
| Beta vs S&P 500 | -0.07 | 0.20 |
| Max drawdown (3Y) | -16.4% | -11.3% |
| Market cap | $113.0B | $9.5B |
| P/E (trailing) | 14.6 | 20.4 |
| Dividend yield | 6.13% | 3.64% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | MO | OGE |
|---|---|---|
| 2022 | +4.4% | +7.6% |
| 2023 | -3.7% | -7.5% |
| 2024 | +40.8% | +23.7% |
| 2025 | +18.2% | +7.6% |
| 2026 | +21.1% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MO and OGE good diversifiers for each other?
Reasonably. At 0.43, MO and OGE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MO and OGE?
As of 2026-08-27, the correlation of weekly returns between MO and OGE is 0.43 over 3 years, 0.54 over 1 year and 0.35 over 5 years.
Is OGE a good diversifier for MO?
Reasonably. At 0.43, MO and OGE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 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/mo-vs-oge.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mo-vs-oge/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MO correlations · OGE correlations
