OKE vs. GEL
OKE (ONEOK, Inc.) and GEL (Genesis Energy, L.P.) are both stocks. Both operate in the Oil & Gas Midstream industry within the Energy sector. Over the past 10 years, OKE returned 13.58%/yr vs -1.74%/yr for GEL. At a 0.32 correlation, their price movements are largely independent.
Performance
OKE vs. GEL - Performance Comparison
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Returns By Period
In the year-to-date period, OKE achieves a 23.03% return, which is significantly higher than GEL's 1.27% return. Over the past 10 years, OKE has outperformed GEL with an annualized return of 13.58%, while GEL has yielded a comparatively lower -1.74% annualized return.
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%
GEL
- 1D
- -1.02%
- 1M
- -5.50%
- YTD
- 1.27%
- 6M
- -1.32%
- 1Y
- -1.63%
- 3Y*
- 21.73%
- 5Y*
- 11.38%
- 10Y*
- -1.74%
OKE vs. GEL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OKE ONEOK, Inc. | 23.03% | -22.94% | 50.10% | 13.21% | 18.86% | 64.67% | -43.45% | 47.76% | 6.27% | -2.12% |
GEL Genesis Energy, L.P. | 1.27% | 61.77% | -8.37% | 19.90% | 1.05% | 84.99% | -66.17% | 22.60% | -9.18% | -32.37% |
Correlation
The correlation between OKE and GEL is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 1996 | 0.32 |
The correlation between OKE and GEL shifts across timeframes, from 0.32 (all time) to 0.52 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
OKE:
$55.68B
GEL:
$1.89B
OKE:
$5.61
GEL:
$0.39
OKE:
15.71
GEL:
39.44
OKE:
1.12
GEL:
0.54
OKE:
1.58
GEL:
1.13
OKE:
2.49
GEL:
3.54
OKE:
$35.20B
GEL:
$1.68B
OKE:
$8.43B
GEL:
$281.95M
OKE:
$7.85B
GEL:
$437.85M
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Return for Risk
OKE vs. GEL — Risk / Return Rank
OKE
GEL
OKE vs. GEL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ONEOK, Inc. (OKE) and Genesis Energy, L.P. (GEL). 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.
| OKE | GEL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.01 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.66 | -0.09 | +0.75 |
| Martin ratioReturn relative to average drawdown | 1.50 | -0.23 | +1.73 |
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
| OKE | GEL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.54 | -0.06 | +0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.28 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | -0.03 | +0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.14 | +0.25 |
Drawdowns
OKE vs. GEL - Drawdown Comparison
The maximum OKE drawdown since its inception was -80.17%, smaller than the maximum GEL drawdown of -91.63%. Use the drawdown chart below to compare losses from any high point for OKE and GEL.
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Drawdown Indicators
| OKE | GEL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.17% | -91.63% | +11.46% |
Max Drawdown (1Y)Largest decline over 1 year | -21.02% | -17.85% | -3.17% |
Max Drawdown (3Y)Largest decline over 3 years | -42.17% | -31.46% | -10.71% |
Max Drawdown (5Y)Largest decline over 5 years | -42.17% | -38.79% | -3.38% |
Max Drawdown (10Y)Largest decline over 10 years | -80.17% | -89.61% | +9.44% |
Current DrawdownCurrent decline from peak | -18.68% | -36.80% | +18.12% |
Average DrawdownAverage peak-to-trough decline | -16.67% | -34.14% | +17.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.22% | 7.18% | +2.04% |
Volatility
OKE vs. GEL - Volatility Comparison
ONEOK, Inc. (OKE) and Genesis Energy, L.P. (GEL) have volatilities of 9.48% and 9.14%, 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
| OKE | GEL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.48% | 9.14% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 20.60% | 18.81% | +1.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.86% | 27.63% | -1.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.30% | 41.32% | -13.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.88% | 51.20% | -12.32% |
Dividends
OKE vs. GEL - Dividend Comparison
OKE's dividend yield for the trailing twelve months is around 4.76%, more than GEL's 4.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GEL Genesis Energy, L.P. | 4.46% | 4.23% | 6.08% | 5.18% | 5.88% | 5.60% | 16.10% | 10.74% | 11.37% | 11.87% | 7.54% | 6.72% |
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
OKE vs. GEL - Financials Comparison
This section allows you to compare key financial metrics between ONEOK, Inc. and Genesis Energy, L.P.. 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
OKE vs. GEL - Profitability Comparison
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%.
GEL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Genesis Energy, L.P. reported a gross profit of 0.00 and revenue of 446.56M. Therefore, the gross margin over that period was 0.0%.
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%.
GEL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Genesis Energy, L.P. reported an operating income of 76.61M and revenue of 446.56M, resulting in an operating margin of 17.2%.
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%.
GEL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Genesis Energy, L.P. reported a net income of 19.37M and revenue of 446.56M, resulting in a net margin of 4.3%.
Frequently Asked Questions
OKE and GEL have a correlation of 0.37, 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 GEL (9.14%). In terms of maximum drawdown, OKE dropped -80.17% vs GEL's -91.63%.
OKE currently has the higher Sharpe Ratio (0.54 vs -0.06), 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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