CQP vs. OKE
CQP (Cheniere Energy Partners, L.P.) and OKE (ONEOK, Inc.) are both stocks. Both operate in the Oil & Gas Midstream industry within the Energy sector. Over the past 10 years, CQP returned 14.65%/yr vs 13.58%/yr for OKE. At a 0.39 correlation, their price movements are largely independent.
Performance
CQP vs. OKE - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with CQP having a 24.03% return and OKE slightly lower at 23.03%. Over the past 10 years, CQP has outperformed OKE with an annualized return of 14.65%, while OKE has yielded a comparatively lower 13.58% annualized return.
CQP
- 1D
- 0.14%
- 1M
- 3.51%
- YTD
- 24.03%
- 6M
- 21.11%
- 1Y
- 16.32%
- 3Y*
- 20.34%
- 5Y*
- 16.23%
- 10Y*
- 14.65%
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%
CQP vs. OKE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CQP Cheniere Energy Partners, L.P. | 24.03% | 6.80% | 12.59% | -5.09% | 44.79% | 27.83% | -4.97% | 16.60% | 30.13% | 8.91% |
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 CQP and OKE is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2007 | 0.39 |
The correlation between CQP and OKE shifts across timeframes, from 0.39 (all time) to 0.50 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
CQP:
$31.25B
OKE:
$55.68B
CQP:
$5.21
OKE:
$5.61
CQP:
12.39
OKE:
15.71
CQP:
0.39
OKE:
1.12
CQP:
2.75
OKE:
1.58
CQP:
400.60
OKE:
2.49
CQP:
$11.37B
OKE:
$35.20B
CQP:
$3.20B
OKE:
$8.43B
CQP:
$3.96B
OKE:
$7.85B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CQP vs. OKE — Risk / Return Rank
CQP
OKE
CQP vs. OKE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cheniere Energy Partners, L.P. (CQP) 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.
| CQP | OKE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.11 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 0.66 | +0.45 |
| Martin ratioReturn relative to average drawdown | 2.57 | 1.50 | +1.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| CQP | OKE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 0.54 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.58 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.35 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.39 | -0.03 |
Drawdowns
CQP vs. OKE - Drawdown Comparison
The maximum CQP drawdown since its inception was -78.46%, roughly equal to the maximum OKE drawdown of -80.17%. Use the drawdown chart below to compare losses from any high point for CQP and OKE.
Loading charts...
Drawdown Indicators
| CQP | OKE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.46% | -80.17% | +1.71% |
Max Drawdown (1Y)Largest decline over 1 year | -14.72% | -21.02% | +6.30% |
Max Drawdown (3Y)Largest decline over 3 years | -24.87% | -42.17% | +17.30% |
Max Drawdown (5Y)Largest decline over 5 years | -29.12% | -42.17% | +13.05% |
Max Drawdown (10Y)Largest decline over 10 years | -60.31% | -80.17% | +19.86% |
Current DrawdownCurrent decline from peak | -6.79% | -18.68% | +11.89% |
Average DrawdownAverage peak-to-trough decline | -14.63% | -16.67% | +2.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.99% | 9.22% | -2.23% |
Volatility
CQP vs. OKE - Volatility Comparison
The current volatility for Cheniere Energy Partners, L.P. (CQP) is 8.30%, while ONEOK, Inc. (OKE) has a volatility of 9.48%. This indicates that CQP 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.
Loading charts...
Volatility by Period
| CQP | OKE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.30% | 9.48% | -1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 19.43% | 20.60% | -1.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.18% | 25.86% | +0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.41% | 28.30% | +4.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.14% | 38.88% | -6.74% |
Dividends
CQP vs. OKE - Dividend Comparison
CQP's dividend yield for the trailing twelve months is around 5.07%, more than OKE's 4.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CQP Cheniere Energy Partners, L.P. | 5.07% | 6.15% | 5.06% | 8.36% | 6.82% | 6.30% | 7.28% | 6.08% | 6.07% | 5.79% | 5.90% | 6.52% |
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
CQP vs. OKE - Financials Comparison
This section allows you to compare key financial metrics between Cheniere Energy Partners, L.P. 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
CQP vs. OKE - Profitability Comparison
CQP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cheniere Energy Partners, L.P. reported a gross profit of 0.00 and revenue of 3.60B. 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%.
CQP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cheniere Energy Partners, L.P. reported an operating income of 361.00M and revenue of 3.60B, resulting in an operating margin of 10.0%.
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%.
CQP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cheniere Energy Partners, L.P. reported a net income of 186.00M and revenue of 3.60B, resulting in a net margin of 5.2%.
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
CQP and OKE have a correlation of 0.50, 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 CQP (8.30%). In terms of maximum drawdown, CQP dropped -78.46% vs OKE's -80.17%.
CQP currently has the higher Sharpe Ratio (0.63 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.
Find the right allocation for CQP and OKE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer