OKE vs PEO: Correlation
How closely do Oneok (OKE) and Adams Natural Resources Fund, Inc. (PEO) trade together? Their weekly returns over three years give a correlation of 0.72, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OKE and PEO?
Over the past 3 years, OKE and PEO moved with a correlation of 0.72, which is strong. Recent behaviour matches the longer record: 0.76 over 1 year against 0.72 over 3. Over 5 years the correlation is 0.75, and the annualized covariance of weekly returns is 418.2 %².
Within OKE's tracked universe of 38 assets, PEO comes in at #10 by 3-year correlation. Over the last 12 months PEO came out ahead by 8.6 percentage points (+33.0% against +41.6%).
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.
OKE vs PEO: side by side
| OKE (Oneok) | PEO (Adams Natural Resources Fund, Inc.) | |
|---|---|---|
| 1-year return | +33.0% | +41.6% |
| 5-year return | +134.0% | +179.3% |
| Volatility (ann.) | 28.7% | 20.2% |
| Beta vs S&P 500 | 0.42 | 0.30 |
| Max drawdown (3Y) | -42.2% | -18.9% |
| Market cap | $59.7B | $0.8B |
| P/E (trailing) | 16.4 | 4.8 |
| Dividend yield | 4.47% | 7.09% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | OKE | PEO |
|---|---|---|
| 2022 | +18.9% | +41.8% |
| 2023 | +13.2% | +0.9% |
| 2024 | +50.1% | +13.6% |
| 2025 | -22.9% | +10.0% |
| 2026 | +33.8% | +38.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OKE and PEO good diversifiers for each other?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between OKE and PEO?
As of 2026-08-27, the correlation of weekly returns between OKE and PEO is 0.72 over 3 years, 0.76 over 1 year and 0.75 over 5 years.
Is PEO a good diversifier for OKE?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.72 mean?
A reading of 0.72 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/oke-vs-peo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/oke-vs-peo/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: OKE correlations · PEO correlations
