AM vs. OKE
AM (Antero Midstream Corporation) and OKE (ONEOK, Inc.) are both stocks. Both operate in the Oil & Gas Midstream industry within the Energy sector. Over the past 10 years, AM returned 7.20%/yr vs 13.58%/yr for OKE. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
AM vs. OKE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with AM having a 22.62% return and OKE slightly higher at 23.03%. Over the past 10 years, AM has underperformed OKE with an annualized return of 7.20%, while OKE has yielded a comparatively higher 13.58% annualized return.
AM
- 1D
- -0.88%
- 1M
- 1.96%
- YTD
- 22.62%
- 6M
- 16.77%
- 1Y
- 19.29%
- 3Y*
- 32.87%
- 5Y*
- 24.10%
- 10Y*
- 7.20%
OKE
- 1D
- -0.11%
- 1M
- 3.51%
- YTD
- 23.03%
- 6M
- 20.68%
- 1Y
- 13.81%
- 3Y*
- 19.79%
- 5Y*
- 16.20%
- 10Y*
- 13.58%
AM vs. OKE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AM Antero Midstream Corporation | 22.62% | 24.37% | 28.46% | 25.73% | 21.98% | 39.55% | 27.59% | -60.29% | -22.28% | -2.32% |
OKE ONEOK, Inc. | 23.03% | -22.94% | 50.10% | 13.21% | 18.86% | 64.67% | -43.45% | 47.76% | 6.27% | -2.12% |
Correlation
The correlation between AM and OKE is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2014 | 0.55 |
The correlation between AM and OKE shifts across timeframes, from 0.52 (1 year) to 0.69 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
AM:
$10.19B
OKE:
$55.68B
AM:
$0.85
OKE:
$5.61
AM:
24.99
OKE:
15.71
AM:
4.31
OKE:
1.12
AM:
8.12
OKE:
1.58
AM:
5.26
OKE:
2.49
AM:
$1.26B
OKE:
$35.20B
AM:
$620.66M
OKE:
$8.43B
AM:
$955.64M
OKE:
$7.85B
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Return for Risk
AM vs. OKE — Risk / Return Rank
AM
OKE
AM vs. OKE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Antero Midstream Corporation (AM) and ONEOK, Inc. (OKE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AM | OKE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.11 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 0.66 | +0.87 |
| Martin ratioReturn relative to average drawdown | 3.18 | 1.50 | +1.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AM | OKE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 0.54 | +0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.58 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | 0.35 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.39 | -0.26 |
Drawdowns
AM vs. OKE - Drawdown Comparison
The maximum AM drawdown since its inception was -93.01%, which is greater than OKE's maximum drawdown of -80.17%. Use the drawdown chart below to compare losses from any high point for AM and OKE.
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Drawdown Indicators
| AM | OKE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.01% | -80.17% | -12.84% |
Max Drawdown (1Y)Largest decline over 1 year | -12.67% | -21.02% | +8.35% |
Max Drawdown (3Y)Largest decline over 3 years | -13.98% | -42.17% | +28.19% |
Max Drawdown (5Y)Largest decline over 5 years | -21.91% | -42.17% | +20.26% |
Max Drawdown (10Y)Largest decline over 10 years | -93.01% | -80.17% | -12.84% |
Current DrawdownCurrent decline from peak | -8.68% | -18.68% | +10.00% |
Average DrawdownAverage peak-to-trough decline | -31.42% | -16.67% | -14.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.10% | 9.22% | -3.12% |
Volatility
AM vs. OKE - Volatility Comparison
The current volatility for Antero Midstream Corporation (AM) is 5.87%, while ONEOK, Inc. (OKE) has a volatility of 9.48%. This indicates that AM experiences smaller price fluctuations and is considered to be less risky than OKE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AM | OKE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.87% | 9.48% | -3.61% |
Volatility (6M)Calculated over the trailing 6-month period | 14.39% | 20.60% | -6.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.88% | 25.86% | -4.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.55% | 28.30% | -1.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.01% | 38.88% | +3.13% |
Dividends
AM vs. OKE - Dividend Comparison
AM's dividend yield for the trailing twelve months is around 4.22%, less than OKE's 4.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AM Antero Midstream Corporation | 4.22% | 5.06% | 5.96% | 7.18% | 8.34% | 10.15% | 15.95% | 18.28% | 7.53% | 4.27% | 3.14% | 2.93% |
OKE ONEOK, Inc. | 4.76% | 5.61% | 3.94% | 5.44% | 5.69% | 6.36% | 9.74% | 4.66% | 6.01% | 5.09% | 4.28% | 9.85% |
Financials
AM vs. OKE - Financials Comparison
This section allows you to compare key financial metrics between Antero Midstream Corporation and ONEOK, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
AM vs. OKE - Profitability Comparison
AM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Antero Midstream Corporation reported a gross profit of 0.00 and revenue of 314.21M. Therefore, the gross margin over that period was 0.0%.
OKE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ONEOK, Inc. reported a gross profit of 2.57B and revenue of 9.62B. Therefore, the gross margin over that period was 26.7%.
AM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Antero Midstream Corporation reported an operating income of 188.61M and revenue of 314.21M, resulting in an operating margin of 60.0%.
OKE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ONEOK, Inc. reported an operating income of 1.43B and revenue of 9.62B, resulting in an operating margin of 14.9%.
AM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Antero Midstream Corporation reported a net income of 118.27M and revenue of 314.21M, resulting in a net margin of 37.6%.
OKE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ONEOK, Inc. reported a net income of 774.00M and revenue of 9.62B, resulting in a net margin of 8.1%.
Frequently Asked Questions
AM and OKE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OKE has higher volatility (9.48%) compared to AM (5.87%). In terms of maximum drawdown, AM dropped -93.01% vs OKE's -80.17%.
AM currently has the higher Sharpe Ratio (0.93 vs 0.54), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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