OGS vs TXNM: Correlation
ONE Gas, Inc. (OGS) and TXNM Energy, Inc. (TXNM) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OGS and TXNM?
Across a 3-year window, the weekly returns of OGS and TXNM correlate at 0.44, moderate. Little has changed lately, as the 1-year reading of 0.34 lands near the 3-year figure. Stretching to 5 years gives 0.36, with an annualized covariance of 152.6 %².
Within OGS's tracked universe of 14 assets, TXNM comes in at #9 by 3-year correlation. Neither side won the trailing year by much: +7.5% against +4.5%.
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.
OGS vs TXNM: side by side
| OGS (ONE Gas, Inc.) | TXNM (TXNM Energy, Inc.) | |
|---|---|---|
| 1-year return | +7.5% | +4.5% |
| 5-year return | +32.3% | +36.1% |
| Volatility (ann.) | 20.2% | 17.1% |
| Beta vs S&P 500 | 0.17 | 0.10 |
| Max drawdown (3Y) | -23.0% | -21.0% |
| Market cap | $5.0B | $5.9B |
| P/E (trailing) | 17.5 | 31.4 |
| Dividend yield | 3.33% | 2.91% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OGS | TXNM |
|---|---|---|
| 2022 | +0.6% | +10.2% |
| 2023 | -12.8% | -12.0% |
| 2024 | +13.1% | +23.0% |
| 2025 | +15.6% | +23.4% |
| 2026 | +5.6% | -0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OGS and TXNM good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between OGS and TXNM?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.34 over the last year and 0.36 over 5 years.
Is TXNM a good diversifier for OGS?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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/ogs-vs-txnm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ogs-vs-txnm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: OGS correlations · TXNM correlations
