OGE vs. AEE
OGE (OGE Energy Corp.) and AEE (Ameren Corporation) are both stocks. Both operate in the Utilities - Regulated Electric industry within the Utilities sector. Over the past 10 years, OGE returned 8.69%/yr vs 10.97%/yr for AEE. A 0.65 correlation means they provide meaningful diversification when combined.
Performance
OGE vs. AEE - Performance Comparison
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Returns By Period
In the year-to-date period, OGE achieves a 13.80% return, which is significantly higher than AEE's 11.38% return. Over the past 10 years, OGE has underperformed AEE with an annualized return of 8.69%, while AEE has yielded a comparatively higher 10.97% annualized return.
OGE
- 1D
- 0.82%
- 1M
- -1.75%
- YTD
- 13.80%
- 6M
- 12.92%
- 1Y
- 12.63%
- 3Y*
- 14.96%
- 5Y*
- 11.86%
- 10Y*
- 8.69%
AEE
- 1D
- 0.95%
- 1M
- -0.73%
- YTD
- 11.38%
- 6M
- 11.83%
- 1Y
- 19.15%
- 3Y*
- 14.19%
- 5Y*
- 9.23%
- 10Y*
- 10.97%
OGE vs. AEE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OGE OGE Energy Corp. | 13.80% | 7.60% | 23.69% | -7.54% | 7.58% | 26.54% | -24.91% | 17.54% | 23.90% | 1.95% |
AEE Ameren Corporation | 11.38% | 15.31% | 27.47% | -16.07% | 2.54% | 17.09% | 4.26% | 20.82% | 13.99% | 15.93% |
Correlation
The correlation between OGE and AEE is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1998 | 0.65 |
The correlation between OGE and AEE shifts across timeframes, from 0.65 (all time) to 0.82 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
OGE:
$9.88B
AEE:
$30.54B
OGE:
$2.25
AEE:
$5.57
OGE:
21.18
AEE:
19.71
OGE:
2.97
AEE:
3.38
OGE:
2.00
AEE:
2.25
OGE:
$3.27B
AEE:
$8.88B
OGE:
$1.93B
AEE:
$2.42B
OGE:
$1.24B
AEE:
$4.00B
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Return for Risk
OGE vs. AEE — Risk / Return Rank
OGE
AEE
OGE vs. AEE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for OGE Energy Corp. (OGE) and Ameren Corporation (AEE). 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.
| OGE | AEE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.21 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.31 | 2.38 | -1.07 |
| Martin ratioReturn relative to average drawdown | 2.77 | 6.05 | -3.28 |
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Drawdowns
OGE vs. AEE - Drawdown Comparison
The maximum OGE drawdown since its inception was -48.85%, smaller than the maximum AEE drawdown of -60.57%. Use the drawdown chart below to compare losses from any high point for OGE and AEE.
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Drawdown Indicators
| OGE | AEE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.85% | -60.57% | +11.72% |
Max Drawdown (1Y)Largest decline over 1 year | -9.65% | -8.07% | -1.58% |
Max Drawdown (3Y)Largest decline over 3 years | -13.65% | -21.83% | +8.18% |
Max Drawdown (5Y)Largest decline over 5 years | -21.94% | -27.46% | +5.52% |
Max Drawdown (10Y)Largest decline over 10 years | -48.85% | -29.09% | -19.76% |
Current DrawdownCurrent decline from peak | -4.35% | -3.36% | -0.99% |
Average DrawdownAverage peak-to-trough decline | -9.24% | -11.70% | +2.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.57% | 3.17% | +1.40% |
Volatility
OGE vs. AEE - Volatility Comparison
OGE Energy Corp. (OGE) has a higher volatility of 6.26% compared to Ameren Corporation (AEE) at 5.95%. This indicates that OGE's price experiences larger fluctuations and is considered to be riskier than AEE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OGE | AEE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.26% | 5.95% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 12.50% | 12.28% | +0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.27% | 15.83% | +0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.73% | 19.23% | -0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.98% | 21.82% | +0.16% |
Dividends
OGE vs. AEE - Dividend Comparison
OGE's dividend yield for the trailing twelve months is around 3.56%, more than AEE's 2.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AEE Ameren Corporation | 2.66% | 2.84% | 3.01% | 3.48% | 2.65% | 2.47% | 2.56% | 2.50% | 2.83% | 3.01% | 4.08% | 3.83% |
OGE OGE Energy Corp. | 3.56% | 3.95% | 4.06% | 4.75% | 4.16% | 4.21% | 4.91% | 3.33% | 3.48% | 3.77% | 3.37% | 3.90% |
Financials
OGE vs. AEE - Financials Comparison
This section allows you to compare key financial metrics between OGE Energy Corp. and Ameren Corporation. 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
OGE vs. AEE - Profitability Comparison
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%.
AEE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ameren Corporation reported a gross profit of 0.00 and revenue of 2.18B. Therefore, the gross margin over that period was 0.0%.
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%.
AEE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ameren Corporation reported an operating income of 532.00M and revenue of 2.18B, resulting in an operating margin of 24.5%.
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%.
AEE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ameren Corporation reported a net income of 357.00M and revenue of 2.18B, resulting in a net margin of 16.4%.
Frequently Asked Questions
OGE and AEE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OGE has higher volatility (6.26%) compared to AEE (5.95%). In terms of maximum drawdown, OGE dropped -48.85% vs AEE's -60.57%.
AEE currently has the higher Sharpe Ratio (1.22 vs 0.78), 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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