OKE vs SPY

Comparison between Oneok Inc (OKE, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceOKE has outperformed SPY, delivering a return of +16.1% compared to +13.3%

OKE vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	OKE(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$54B	$652B
Expense Ratio	N/A	0.09%
Max Drawdown	80.17%	56.47%
Sharpe Ratio	0.44	2.07
5Y Beta	0.67	1.00
Industry	Oil & Gas Midstream	N/A
P/E Ratio	15.26	28.24
Forward P/E	15.34	21.85
PEG Ratio	1.62	N/A
Dividend Yield	4.89%	N/A
5Y Dividends CAGR	6.94%	5.43%
5Y EPS CAGR	16.93%	25.79%
Debt to Equity	143.15%	22.35%
Free Cash Flow Yield	4.16%	N/A
P/S Ratio	1.53	3.55
P/B Ratio	2.55	5.29

Market Cap / Net Assets

OKE

$54B

Winner

SPY

$652B

Expense Ratio

OKE

N/A

SPY

0.09%

Max Drawdown

OKE

80.17%

Winner

SPY

56.47%

Sharpe Ratio

OKE

0.44

Winner

SPY

2.07

5Y Beta

Winner

OKE

0.67

SPY

1.00

Industry

OKE

Oil & Gas Midstream

SPY

N/A

P/E Ratio

Winner

OKE

15.26

SPY

28.24

Forward P/E

Winner

OKE

15.34

SPY

21.85

PEG Ratio

OKE

1.62

SPY

N/A

Dividend Yield

OKE

4.89%

SPY

N/A

5Y Dividends CAGR

Winner

OKE

6.94%

SPY

5.43%

5Y EPS CAGR

OKE

16.93%

Winner

SPY

25.79%

Debt to Equity

OKE

143.15%

Winner

SPY

22.35%

Free Cash Flow Yield

OKE

4.16%

SPY

N/A

P/S Ratio

Winner

OKE

1.53

SPY

3.55

P/B Ratio

Winner

OKE

2.55

SPY

5.29

OKE vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	OKE	SPY
1 month	-0.70%	+9.11%
3 months	+3.65%	+6.59%
6 months	+28.29%	+10.56%
1 year	+9.33%	+32.04%
5 years(CAGR)	+16.06%	+13.35%
10 years(CAGR)	+14.86%	+15.49%
Max(CAGR)	+15.61%	+8.50%

OKE

-0.70%

Winner

SPY

+9.11%

OKE

+3.65%

Winner

SPY

+6.59%

Winner

OKE

+28.29%

SPY

+10.56%

OKE

+9.33%

Winner

SPY

+32.04%

5Y(CAGR)

Winner

OKE

+16.06%

SPY

+13.35%

10Y(CAGR)

OKE

+14.86%

Winner

SPY

+15.49%

Max(CAGR)

Winner

OKE

+15.61%

SPY

+8.50%

OKE vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	OKE	SPY
2026	+17.55%	+8.27%
2025	-23.93%	+18.00%
2024	+48.48%	+25.59%
2023	+16.27%	+26.72%
2022	+16.46%	-18.64%
2021	+68.72%	+30.52%
2020	-43.39%	+17.28%
2019	+46.53%	+31.09%
2018	+3.95%	-5.24%
2017	-4.31%	+20.78%
2016	+142.58%	+13.59%
2015	-47.50%	+1.31%
2014	-3.35%	+14.56%
2013	+45.04%	+29.00%
2012	+0.66%	+14.17%
2011	+58.49%	+0.85%
2010	+26.45%	+13.14%
2009	+53.55%	+22.67%
2008	-32.32%	-36.25%
2007	+7.00%	+5.32%
2006	+63.52%	+13.85%
2005	-0.87%	+5.32%
2004	+33.80%	+10.75%
2003	+17.31%	+24.18%
2002	+12.90%	-22.42%
2001	-20.52%	-10.13%
2000	+102.55%	-8.84%
1999	-13.52%	+8.61%

OKE vs SPY Drawdown Comparison

The maximum drawdown for OKE was -80.17%, occurring on Mar 18, 2020. Recovery took 500 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current OKE drawdown is -21.37%.

Rank	OKE	SPY
#1	-80.17% Feb 20, 2020 - Feb 11, 2022	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-71.37% Sep 8, 2014 - Jan 16, 2018	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-64.59% Jul 20, 2007 - Apr 22, 2010	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-42.13% Nov 22, 2024 - Nov 4, 2025	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-41.68% Dec 28, 2000 - Jan 21, 2004	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-29.19% Apr 20, 2022 - Jan 12, 2023	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-27.01% Jul 13, 2018 - Mar 20, 2019	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-26.17% Nov 16, 1999 - Jun 1, 2000	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-24.70% Aug 2, 2005 - Jun 2, 2006	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-22.73% Apr 22, 2013 - Jul 25, 2013	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-21.31% Jul 21, 2011 - Oct 27, 2011	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-17.93% Jan 12, 2023 - Sep 14, 2023	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-17.19% May 3, 2010 - Oct 29, 2010	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-14.45% Mar 8, 2004 - Aug 18, 2004	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-14.22% Oct 5, 2012 - Apr 9, 2013	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between OKE and SPY is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.

0.95

-101

Dividend Comparison (1999 - 2026)

OKE vs SPY dividend yield comparison.

Year	OKE	SPY
2026	2.51%	0.24%
2025	5.61%	1.07%
2024	3.94%	1.21%
2023	5.44%	1.40%
2022	5.69%	1.65%
2021	6.36%	1.20%
2020	9.74%	1.52%
2019	4.66%	1.75%
2018	6.01%	2.04%
2017	5.09%	1.80%
2016	4.28%	2.03%
2015	9.85%	2.06%
2014	21.40%	1.87%
2013	2.38%	1.81%
2012	2.97%	2.18%
2011	2.49%	2.05%
2010	3.28%	1.80%
2009	3.68%	1.95%
2008	5.36%	3.02%
2007	3.13%	1.85%
2006	2.83%	1.73%
2005	4.09%	1.73%
2004	3.10%	1.82%
2003	3.06%	1.47%
2002	3.23%	1.70%
2001	3.48%	1.25%
2000	2.58%	1.15%
1999	0.00%	0.24%