DTM vs. OKE
DTM (DT Midstream, Inc.) and OKE (ONEOK, Inc.) are both stocks. Both operate in the Oil & Gas Midstream industry within the Energy sector. Over the past 3 years, DTM returned 51.46%/yr vs 20.40%/yr for OKE. A 0.64 correlation means they provide meaningful diversification when combined.
Performance
DTM vs. OKE - Performance Comparison
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Returns By Period
In the year-to-date period, DTM achieves a 22.73% return, which is significantly higher than OKE's 20.44% return.
DTM
- 1D
- 1.21%
- 1M
- -3.43%
- YTD
- 22.73%
- 6M
- 22.89%
- 1Y
- 40.19%
- 3Y*
- 51.46%
- 5Y*
- —
- 10Y*
- —
OKE
- 1D
- 1.48%
- 1M
- -8.23%
- YTD
- 20.44%
- 6M
- 21.56%
- 1Y
- 10.53%
- 3Y*
- 20.40%
- 5Y*
- 15.54%
- 10Y*
- 13.18%
DTM vs. OKE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DTM DT Midstream, Inc. | 22.73% | 24.13% | 88.95% | 4.71% | 20.73% | 27.38% |
OKE ONEOK, Inc. | 20.44% | -22.94% | 50.10% | 13.21% | 18.86% | 9.03% |
Correlation
The correlation between DTM and OKE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021 | 0.64 |
The correlation between DTM and OKE shifts across timeframes, from 0.47 (1 year) to 0.64 (all time), reflecting how their relationship changes across market environments.
Fundamentals
DTM:
$14.90B
OKE:
$54.50B
DTM:
$4.55
OKE:
$5.61
DTM:
31.87
OKE:
15.38
DTM:
3.27
OKE:
1.09
DTM:
11.66
OKE:
1.54
DTM:
3.13
OKE:
2.44
DTM:
$1.28B
OKE:
$35.20B
DTM:
$810.00M
OKE:
$8.43B
DTM:
$1.06B
OKE:
$7.85B
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Return for Risk
DTM vs. OKE — Risk / Return Rank
DTM
OKE
DTM vs. OKE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DT Midstream, Inc. (DTM) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DTM | OKE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.49 | ||
| Sortino ratioReturn per unit of downside risk | +1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.09 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 4.13 | 0.51 | +3.62 |
| Martin ratioReturn relative to average drawdown | 9.73 | 1.16 | +8.57 |
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Drawdowns
DTM vs. OKE - Drawdown Comparison
The maximum DTM drawdown since its inception was -23.56%, smaller than the maximum OKE drawdown of -80.17%. Use the drawdown chart below to compare losses from any high point for DTM and OKE.
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Drawdown Indicators
| DTM | OKE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.56% | -80.17% | +56.61% |
Max Drawdown (1Y)Largest decline over 1 year | -9.77% | -20.76% | +10.99% |
Max Drawdown (3Y)Largest decline over 3 years | -23.56% | -42.17% | +18.61% |
Max Drawdown (5Y)Largest decline over 5 years | — | -42.17% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -80.17% | — |
Current DrawdownCurrent decline from peak | -3.43% | -20.39% | +16.96% |
Average DrawdownAverage peak-to-trough decline | -5.99% | -16.67% | +10.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.14% | 9.13% | -4.99% |
Volatility
DTM vs. OKE - Volatility Comparison
The current volatility for DT Midstream, Inc. (DTM) is 5.93%, while ONEOK, Inc. (OKE) has a volatility of 9.24%. This indicates that DTM 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
| DTM | OKE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.93% | 9.24% | -3.31% |
Volatility (6M)Calculated over the trailing 6-month period | 15.30% | 20.89% | -5.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.42% | 26.26% | -4.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.75% | 28.21% | -2.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.75% | 38.91% | -13.16% |
Dividends
DTM vs. OKE - Dividend Comparison
DTM's dividend yield for the trailing twelve months is around 2.34%, less than OKE's 4.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DTM DT Midstream, Inc. | 2.34% | 2.74% | 2.96% | 5.04% | 4.63% | 2.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OKE ONEOK, Inc. | 4.87% | 5.61% | 3.94% | 5.44% | 5.69% | 6.36% | 9.74% | 4.66% | 6.01% | 5.09% | 4.28% | 9.85% |
Financials
DTM vs. OKE - Financials Comparison
This section allows you to compare key financial metrics between DT Midstream, Inc. 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
DTM vs. OKE - Profitability Comparison
DTM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, DT Midstream, Inc. reported a gross profit of 251.00M and revenue of 336.00M. Therefore, the gross margin over that period was 74.7%.
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%.
DTM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, DT Midstream, Inc. reported an operating income of 166.00M and revenue of 336.00M, resulting in an operating margin of 49.4%.
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%.
DTM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, DT Midstream, Inc. reported a net income of 134.00M and revenue of 336.00M, resulting in a net margin of 39.9%.
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
DTM and OKE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OKE has higher volatility (9.24%) compared to DTM (5.93%). In terms of maximum drawdown, DTM dropped -23.56% vs OKE's -80.17%.
DTM currently has the higher Sharpe Ratio (1.89 vs 0.40), 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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