OGE vs PCG: Correlation
Measured on weekly returns over the past three years, OGE Energy Corp (OGE) and PG&E Corporation (PCG) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OGE and PCG?
On 3 years of weekly data the OGE/PCG correlation comes out at 0.56, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.70 versus 0.56 over 3 years. The 5-year figure is 0.42, and annualized covariance runs at 243.8 %².
Among the 42 assets we track against OGE, PCG ranks #33 by 3-year correlation. On 12-month performance PCG holds a 14.8-point edge, +5.5% against +20.3%.
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.
OGE vs PCG: side by side
| OGE (OGE Energy Corp) | PCG (PG&E Corporation) | |
|---|---|---|
| 1-year return | +5.5% | +20.3% |
| 5-year return | +60.6% | +102.7% |
| Volatility (ann.) | 17.6% | 24.7% |
| Beta vs S&P 500 | 0.20 | 0.24 |
| Max drawdown (3Y) | -11.3% | -39.6% |
| Market cap | $9.5B | $39.5B |
| P/E (trailing) | 20.4 | 12.9 |
| Dividend yield | 3.64% | 0.96% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | OGE | PCG |
|---|---|---|
| 2022 | +7.6% | +33.9% |
| 2023 | -7.5% | +10.9% |
| 2024 | +23.7% | +12.3% |
| 2025 | +7.6% | -19.7% |
| 2026 | +10.8% | +12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OGE and PCG good diversifiers for each other?
Only partially. A correlation of 0.56 means OGE and PCG 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 OGE and PCG?
As of 2026-08-27, the correlation of weekly returns between OGE and PCG is 0.56 over 3 years, 0.70 over 1 year and 0.42 over 5 years.
Is PCG a good diversifier for OGE?
Only partially. A correlation of 0.56 means OGE and PCG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 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/oge-vs-pcg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/oge-vs-pcg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: OGE correlations · PCG correlations
