OGE vs WELL: Correlation
OGE Energy Corp (OGE) and Welltower (WELL) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OGE and WELL?
On 3 years of weekly data the OGE/WELL correlation comes out at 0.56, moderate. Little has changed lately, as the 1-year reading of 0.60 lands near the 3-year figure. The 5-year figure is 0.52, and annualized covariance runs at 209.6 %².
Among the 42 assets we track against OGE, WELL ranks #34 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months WELL outperformed by 39.4 percentage points (+5.5% for OGE against +44.9% for WELL).
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 WELL: side by side
| OGE (OGE Energy Corp) | WELL (Welltower) | |
|---|---|---|
| 1-year return | +5.5% | +44.9% |
| 5-year return | +60.6% | +214.9% |
| Volatility (ann.) | 17.6% | 21.2% |
| Beta vs S&P 500 | 0.20 | 0.30 |
| Max drawdown (3Y) | -11.3% | -13.0% |
| Market cap | $9.5B | $172.6B |
| P/E (trailing) | 20.4 | 108.9 |
| Dividend yield | 3.64% | 1.27% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | OGE | WELL |
|---|---|---|
| 2022 | +7.6% | -21.2% |
| 2023 | -7.5% | +41.8% |
| 2024 | +23.7% | +43.1% |
| 2025 | +7.6% | +49.9% |
| 2026 | +10.8% | +30.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OGE and WELL good diversifiers for each other?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between OGE and WELL?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.60 over the last year and 0.52 over 5 years.
Is WELL a good diversifier for OGE?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
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-well.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/oge-vs-well/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OGE correlations · WELL correlations
