OKE vs. XOM
OKE (ONEOK, Inc.) and XOM (Exxon Mobil Corporation) are both stocks. Both are in the Energy sector — OKE in Oil & Gas Midstream, XOM in Oil & Gas Integrated. Over the past 10 years, OKE returned 13.77%/yr vs 9.64%/yr for XOM. At a 0.43 correlation, their price movements are largely independent.
Performance
OKE vs. XOM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, OKE achieves a 26.44% return, which is significantly higher than XOM's 23.81% return. Over the past 10 years, OKE has outperformed XOM with an annualized return of 13.77%, while XOM has yielded a comparatively lower 9.64% annualized return.
OKE
- 1D
- 1.56%
- 1M
- 2.03%
- YTD
- 26.44%
- 6M
- 26.28%
- 1Y
- 15.65%
- 3Y*
- 20.59%
- 5Y*
- 16.74%
- 10Y*
- 13.77%
XOM
- 1D
- 0.28%
- 1M
- -2.35%
- YTD
- 23.81%
- 6M
- 25.40%
- 1Y
- 38.24%
- 3Y*
- 15.15%
- 5Y*
- 23.23%
- 10Y*
- 9.64%
OKE vs. XOM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OKE ONEOK, Inc. | 26.44% | -22.94% | 50.10% | 13.21% | 18.86% | 64.67% | -43.45% | 47.76% | 6.27% | -2.12% |
XOM Exxon Mobil Corporation | 23.81% | 15.98% | 11.26% | -6.26% | 87.41% | 57.58% | -36.21% | 7.23% | -15.09% | -3.81% |
Correlation
The correlation between OKE and XOM is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 1985 | 0.43 |
The correlation between OKE and XOM shifts across timeframes, from 0.43 (all time) to 0.64 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
OKE:
$57.22B
XOM:
$614.94B
OKE:
$5.61
XOM:
$5.93
OKE:
16.15
XOM:
24.80
OKE:
1.15
XOM:
1.15
OKE:
1.62
XOM:
1.93
OKE:
2.56
XOM:
2.42
OKE:
$35.20B
XOM:
$326.01B
OKE:
$8.43B
XOM:
$83.11B
OKE:
$7.85B
XOM:
$60.44B
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
OKE vs. XOM — Risk / Return Rank
OKE
XOM
OKE vs. XOM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ONEOK, Inc. (OKE) and Exxon Mobil Corporation (XOM). 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.
| OKE | XOM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.26 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 2.45 | -1.70 |
| Martin ratioReturn relative to average drawdown | 1.69 | 6.56 | -4.87 |
Loading charts...
Drawdowns
OKE vs. XOM - Drawdown Comparison
The maximum OKE drawdown since its inception was -80.17%, which is greater than XOM's maximum drawdown of -62.40%. Use the drawdown chart below to compare losses from any high point for OKE and XOM.
Loading charts...
Drawdown Indicators
| OKE | XOM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.17% | -62.40% | -17.77% |
Max Drawdown (1Y)Largest decline over 1 year | -21.02% | -15.69% | -5.33% |
Max Drawdown (3Y)Largest decline over 3 years | -42.17% | -18.92% | -23.25% |
Max Drawdown (5Y)Largest decline over 5 years | -42.17% | -20.51% | -21.66% |
Max Drawdown (10Y)Largest decline over 10 years | -80.17% | -61.34% | -18.83% |
Current DrawdownCurrent decline from peak | -16.43% | -13.68% | -2.75% |
Average DrawdownAverage peak-to-trough decline | -16.67% | -10.20% | -6.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.26% | 5.84% | +3.42% |
Volatility
OKE vs. XOM - Volatility Comparison
ONEOK, Inc. (OKE) has a higher volatility of 9.70% compared to Exxon Mobil Corporation (XOM) at 9.08%. This indicates that OKE's price experiences larger fluctuations and is considered to be riskier than XOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| OKE | XOM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.70% | 9.08% | +0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 20.76% | 20.51% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.04% | 24.51% | +1.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.33% | 26.77% | +1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.88% | 28.20% | +10.68% |
Dividends
OKE vs. XOM - Dividend Comparison
OKE's dividend yield for the trailing twelve months is around 4.64%, more than XOM's 2.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OKE ONEOK, Inc. | 4.64% | 5.61% | 3.94% | 5.44% | 5.69% | 6.36% | 9.74% | 4.66% | 6.01% | 5.09% | 4.28% | 9.85% |
XOM Exxon Mobil Corporation | 2.78% | 3.32% | 3.57% | 3.68% | 3.22% | 5.70% | 8.44% | 4.92% | 4.74% | 3.66% | 3.30% | 3.69% |
Financials
OKE vs. XOM - Financials Comparison
This section allows you to compare key financial metrics between ONEOK, Inc. and Exxon Mobil 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
OKE vs. XOM - 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%.
XOM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Exxon Mobil Corporation reported a gross profit of 31.36B and revenue of 83.16B. Therefore, the gross margin over that period was 37.7%.
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%.
XOM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Exxon Mobil Corporation reported an operating income of 5.29B and revenue of 83.16B, resulting in an operating margin of 6.4%.
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%.
XOM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Exxon Mobil Corporation reported a net income of 4.18B and revenue of 83.16B, resulting in a net margin of 5.0%.
Frequently Asked Questions
OKE and XOM have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OKE has higher volatility (9.70%) compared to XOM (9.08%). In terms of maximum drawdown, OKE dropped -80.17% vs XOM's -62.40%.
XOM currently has the higher Sharpe Ratio (1.57 vs 0.60), 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 OKE and XOM
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