OGE vs PEG: Correlation
OGE Energy Corp (OGE) and Public Service Enterprise Group (PEG) show a strong relationship: their 3-year correlation of weekly returns is 0.67.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OGE and PEG?
Across a 3-year window, the weekly returns of OGE and PEG correlate at 0.67, strong. Lately the two have moved closer together, with the 1-year correlation at 0.80 versus 0.67 over 3 years. Stretching to 5 years gives 0.74, with an annualized covariance of 221.1 %².
By 3-year correlation, PEG places #26 of the 42 assets tracked against OGE. On 12-month performance OGE holds a 14.1-point edge, +5.5% against -8.6%.
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 PEG: side by side
| OGE (OGE Energy Corp) | PEG (Public Service Enterprise Group) | |
|---|---|---|
| 1-year return | +5.5% | -8.6% |
| 5-year return | +60.6% | +34.9% |
| Volatility (ann.) | 17.6% | 18.9% |
| Beta vs S&P 500 | 0.20 | 0.25 |
| Max drawdown (3Y) | -11.3% | -18.8% |
| Market cap | $9.5B | $36.5B |
| P/E (trailing) | 20.4 | 18.4 |
| Dividend yield | 3.64% | 3.51% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | OGE | PEG |
|---|---|---|
| 2022 | +7.6% | -5.1% |
| 2023 | -7.5% | +3.6% |
| 2024 | +23.7% | +42.6% |
| 2025 | +7.6% | -1.9% |
| 2026 | +10.8% | -7.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OGE and PEG good diversifiers for each other?
Only partially. A correlation of 0.67 means OGE and PEG 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 PEG?
Using weekly returns as of 2026-08-27: 0.67 over 3 years, with 0.80 over the last year and 0.74 over 5 years.
Is PEG a good diversifier for OGE?
Only partially. A correlation of 0.67 means OGE and PEG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.67 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/oge-vs-peg.json
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Related comparisons
Hubs: OGE correlations · PEG correlations
