OGE vs SRE: Correlation
OGE Energy Corp (OGE) and Sempra (SRE) show a strong relationship: their 3-year correlation of weekly returns is 0.68.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OGE and SRE?
On 3 years of weekly data the OGE/SRE correlation comes out at 0.68, strong. The link has tightened recently: the 1-year correlation (0.79) runs above the 3-year figure (0.68). The 5-year figure is 0.74, and annualized covariance runs at 284.4 %².
Among the 42 assets we track against OGE, SRE ranks #24 by 3-year correlation. Neither side won the trailing year by much: +5.5% against +6.0%.
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.
OGE vs SRE: side by side
| OGE (OGE Energy Corp) | SRE (Sempra) | |
|---|---|---|
| 1-year return | +5.5% | +6.0% |
| 5-year return | +60.6% | +50.4% |
| Volatility (ann.) | 17.6% | 23.9% |
| Beta vs S&P 500 | 0.20 | 0.38 |
| Max drawdown (3Y) | -11.3% | -31.6% |
| Market cap | $9.5B | $55.4B |
| P/E (trailing) | 20.4 | 24.7 |
| Dividend yield | 3.64% | 3.06% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | OGE | SRE |
|---|---|---|
| 2022 | +7.6% | +20.3% |
| 2023 | -7.5% | -0.1% |
| 2024 | +23.7% | +21.1% |
| 2025 | +7.6% | +3.9% |
| 2026 | +10.8% | -2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OGE and SRE good diversifiers for each other?
Only partially. A correlation of 0.68 means OGE and SRE 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 SRE?
The OGE/SRE correlation stands at 0.68 on a 3-year window (1 year: 0.79, 5 years: 0.74), computed from weekly returns as of 2026-08-27.
Is SRE a good diversifier for OGE?
Only partially. A correlation of 0.68 means OGE and SRE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.68 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
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Related comparisons
Hubs: OGE correlations · SRE correlations
