OKE vs PR: Correlation
Measured on weekly returns over the past three years, Oneok (OKE) and Permian Resources Corporation (PR) carry a correlation of 0.71, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OKE and PR?
On 3 years of weekly data the OKE/PR correlation comes out at 0.71, strong. Little has changed lately, as the 1-year reading of 0.66 lands near the 3-year figure. The 5-year figure is 0.66, and annualized covariance runs at 722.3 %².
Within OKE's tracked universe of 38 assets, PR comes in at #12 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PR ahead by 37.3 points (+33.0% versus +70.3%).
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 PR: side by side
| OKE (Oneok) | PR (Permian Resources Corporation) | |
|---|---|---|
| 1-year return | +33.0% | +70.3% |
| 5-year return | +134.0% | +430.6% |
| Volatility (ann.) | 28.7% | 35.4% |
| Beta vs S&P 500 | 0.42 | 0.39 |
| Max drawdown (3Y) | -42.2% | -39.9% |
| Market cap | $59.7B | $19.4B |
| P/E (trailing) | 16.4 | 14.7 |
| Dividend yield | 4.47% | 2.73% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | OKE | PR |
|---|---|---|
| 2022 | +18.9% | +57.9% |
| 2023 | +13.2% | +49.4% |
| 2024 | +50.1% | +10.7% |
| 2025 | -22.9% | +1.9% |
| 2026 | +33.8% | +68.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OKE and PR good diversifiers for each other?
To a limited degree. At 0.71 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 OKE and PR?
The OKE/PR correlation stands at 0.71 on a 3-year window (1 year: 0.66, 5 years: 0.66), computed from weekly returns as of 2026-08-27.
Is PR a good diversifier for OKE?
To a limited degree. At 0.71 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 0.71 mean?
A reading of 0.71 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-pr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/oke-vs-pr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OKE correlations · PR correlations
