OGE vs PM: Correlation
How closely do OGE Energy Corp (OGE) and Philip Morris International (PM) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OGE and PM?
Across a 3-year window, the weekly returns of OGE and PM correlate at 0.37, moderate. The relationship has been stable: the 1-year correlation (0.37) sits close to the 3-year figure. Stretching to 5 years gives 0.36, with an annualized covariance of 147.8 %².
Within OGE's tracked universe of 42 assets, PM comes in at #37 by 3-year correlation. On 12-month performance PM holds a 14.7-point edge, +5.5% against +20.2%.
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 PM: side by side
| OGE (OGE Energy Corp) | PM (Philip Morris International) | |
|---|---|---|
| 1-year return | +5.5% | +20.2% |
| 5-year return | +60.6% | +133.5% |
| Volatility (ann.) | 17.6% | 23.1% |
| Beta vs S&P 500 | 0.20 | -0.01 |
| Max drawdown (3Y) | -11.3% | -20.6% |
| Market cap | $9.5B | $296.9B |
| P/E (trailing) | 20.4 | 26.7 |
| Dividend yield | 3.64% | 3.03% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | OGE | PM |
|---|---|---|
| 2022 | +7.6% | +12.3% |
| 2023 | -7.5% | -1.9% |
| 2024 | +23.7% | +34.3% |
| 2025 | +7.6% | +38.0% |
| 2026 | +10.8% | +20.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OGE and PM good diversifiers for each other?
Reasonably. At 0.37, OGE and PM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between OGE and PM?
The OGE/PM correlation stands at 0.37 on a 3-year window (1 year: 0.37, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is PM a good diversifier for OGE?
Reasonably. At 0.37, OGE and PM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 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-pm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/oge-vs-pm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OGE correlations · PM correlations
