ETR vs. OGE
ETR (Entergy Corporation) and OGE (OGE Energy Corp.) are both stocks. Both are in the Utilities sector — ETR in Utilities - Diversified, OGE in Utilities - Regulated Electric. Over the past 10 years, ETR returned 15.62%/yr vs 8.85%/yr for OGE. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
ETR vs. OGE - Performance Comparison
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Returns By Period
In the year-to-date period, ETR achieves a 24.62% return, which is significantly higher than OGE's 15.42% return. Over the past 10 years, ETR has outperformed OGE with an annualized return of 15.62%, while OGE has yielded a comparatively lower 8.85% annualized return.
ETR
- 1D
- 1.43%
- 1M
- 1.25%
- YTD
- 24.62%
- 6M
- 24.75%
- 1Y
- 41.29%
- 3Y*
- 37.45%
- 5Y*
- 21.91%
- 10Y*
- 15.62%
OGE
- 1D
- 1.43%
- 1M
- -0.35%
- YTD
- 15.42%
- 6M
- 14.67%
- 1Y
- 12.22%
- 3Y*
- 15.50%
- 5Y*
- 12.21%
- 10Y*
- 8.85%
ETR vs. OGE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETR Entergy Corporation | 24.62% | 25.34% | 55.96% | -6.09% | 3.55% | 17.12% | -13.73% | 44.31% | 10.60% | 15.91% |
OGE OGE Energy Corp. | 15.42% | 7.60% | 23.69% | -7.54% | 7.58% | 26.54% | -24.91% | 17.54% | 23.90% | 1.95% |
Correlation
The correlation between ETR and OGE is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 1987 | 0.52 |
The correlation between ETR and OGE shifts across timeframes, from 0.52 (all time) to 0.74 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ETR:
$52.64B
OGE:
$10.02B
ETR:
$3.98
OGE:
$2.25
ETR:
28.62
OGE:
21.48
ETR:
3.88
OGE:
3.01
ETR:
3.03
OGE:
2.03
ETR:
$13.29B
OGE:
$3.27B
ETR:
$5.76B
OGE:
$1.93B
ETR:
$5.91B
OGE:
$1.24B
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Return for Risk
ETR vs. OGE — Risk / Return Rank
ETR
OGE
ETR vs. OGE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Entergy Corporation (ETR) and OGE Energy Corp. (OGE). 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.
| ETR | OGE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.32 | ||
| Sortino ratioReturn per unit of downside risk | +1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.13 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 3.93 | 1.27 | +2.66 |
| Martin ratioReturn relative to average drawdown | 12.97 | 2.68 | +10.29 |
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Drawdowns
ETR vs. OGE - Drawdown Comparison
The maximum ETR drawdown since its inception was -71.72%, which is greater than OGE's maximum drawdown of -48.85%. Use the drawdown chart below to compare losses from any high point for ETR and OGE.
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Drawdown Indicators
| ETR | OGE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.72% | -48.85% | -22.87% |
Max Drawdown (1Y)Largest decline over 1 year | -10.56% | -9.65% | -0.91% |
Max Drawdown (3Y)Largest decline over 3 years | -13.97% | -13.65% | -0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -25.12% | -21.94% | -3.18% |
Max Drawdown (10Y)Largest decline over 10 years | -41.99% | -48.85% | +6.86% |
Current DrawdownCurrent decline from peak | -3.02% | -2.99% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -25.24% | -9.24% | -16.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 4.57% | -1.38% |
Volatility
ETR vs. OGE - Volatility Comparison
Entergy Corporation (ETR) and OGE Energy Corp. (OGE) have volatilities of 6.74% and 6.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETR | OGE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.74% | 6.42% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 15.95% | 12.56% | +3.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.06% | 16.29% | +3.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.52% | 18.74% | +3.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.13% | 21.98% | +2.15% |
Dividends
ETR vs. OGE - Dividend Comparison
ETR's dividend yield for the trailing twelve months is around 2.21%, less than OGE's 3.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETR Entergy Corporation | 2.21% | 2.64% | 3.03% | 4.29% | 3.64% | 3.43% | 3.75% | 3.06% | 4.16% | 4.30% | 4.65% | 4.89% |
OGE OGE Energy Corp. | 3.51% | 3.95% | 4.06% | 4.75% | 4.16% | 4.21% | 4.91% | 3.33% | 3.48% | 3.77% | 3.37% | 3.90% |
Financials
ETR vs. OGE - Financials Comparison
This section allows you to compare key financial metrics between Entergy Corporation and OGE Energy Corp.. 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
ETR vs. OGE - Profitability Comparison
ETR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Entergy Corporation reported a gross profit of 2.19B and revenue of 3.19B. Therefore, the gross margin over that period was 68.7%.
OGE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, OGE Energy Corp. reported a gross profit of 616.10M and revenue of 752.60M. Therefore, the gross margin over that period was 81.9%.
ETR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Entergy Corporation reported an operating income of 572.22M and revenue of 3.19B, resulting in an operating margin of 18.0%.
OGE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, OGE Energy Corp. reported an operating income of 113.10M and revenue of 752.60M, resulting in an operating margin of 15.0%.
ETR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Entergy Corporation reported a net income of 390.81M and revenue of 3.19B, resulting in a net margin of 12.3%.
OGE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, OGE Energy Corp. reported a net income of 50.20M and revenue of 752.60M, resulting in a net margin of 6.7%.
Frequently Asked Questions
ETR and OGE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETR has higher volatility (6.74%) compared to OGE (6.42%). In terms of maximum drawdown, ETR dropped -71.72% vs OGE's -48.85%.
ETR currently has the higher Sharpe Ratio (2.08 vs 0.76), 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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