How Can I Beat the S&P 500? What the Evidence Says
The honest answer to the most asked question in investing: how many people beat the index, why it is so hard, why investors trail even their own funds, and how daily market context fits in.
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OKE Stock vs the S&P 500: Returns, Risk and Crash History
ONEOK, Inc., energy (market value $58.3 billion), an S&P 500 member: how it compared with the S&P 500, how it behaved in every crash since 2008, its risk‑adjusted returns and what analysts said. Data as of Oct 30, 2026.
What changed since Oct 26
Exent re-checks this page every day. Ratings appear 30 days after they are published; the top‑ranked analysts’ calls are not counted here, they are in Gems.
+2 new ratings+52.7% 1‑year return through Oct 30 (was +23.2%)
Key takeaways
- OKE returned +97.1% over the 5 years to Oct 30, 2026 versus +75.9% for the S&P 500: it beat the index.
- Its 5-year Sharpe ratio was 0.50 against 0.58 for the S&P 500.
- Its deepest crisis drawdown was −80.2% in the covid crash (feb–mar 2020) (S&P 500: −34.1%).
- Five‑year volatility was 28.5% and beta 0.77.
- 20 analysts rated it in the past year; 45% of their latest calls were Buy.
- OKE beat earnings estimates in 6 of its last 12 reports; the stock moved 2.9% on average, up or down, around each report.
What do the best‑ranked analysts on OKE say now? See it in Exent Gems →
In this article
- Did OKE beat the S&P 500?
- What Wall Street analysts say about OKE
- OKE returns by year vs the S&P 500
- OKE risk-adjusted returns: Sharpe, Sortino and volatility
- How OKE behaved in past crashes
- What moves with OKE, and what doesn’t
- Latest OKE upgrades, downgrades and price‑target changes
- Do analysts get OKE right?
- How OKE moves after earnings
- Where OKE’s revenue comes from
- Members of Congress who traded OKE
- Are OKE insiders buying or selling?
- How much of OKE is sold short?
- How many institutions own OKE?
- Is OKE diluting shareholders?
- OKE financial health scores
- What OKE talks about on earnings calls
- Which ETFs hold OKE?
- How much is OKE’s CEO paid?
- The right benchmark for OKE
- Other energy stocks
- Data and methodology
Did OKE beat the S&P 500?
Over the 5 years to Oct 30, 2026, ONEOK, Inc. (OKE) returned +97.1% including dividends, versus +75.9% for the S&P 500 (SPY). It beat the index by 21.2 percentage points, or +14.5% a year against +12.0%.
| Period | OKE | S&P 500 | OKE per year | S&P 500 per year | Result |
|---|---|---|---|---|---|
| 1 year | +52.7% | +12.0% | +52.7% | +12.0% | Beat |
| 3 years | +70.8% | +87.4% | +19.5% | +23.3% | Lagged |
| 5 years | +97.1% | +75.9% | +14.5% | +12.0% | Beat |
| 10 years | +261.8% | +316.3% | +13.7% | +15.3% | Lagged |
- 1 year
- OKE
- +52.7%
- S&P 500
- +12.0%
- OKE per year
- +52.7%
- S&P 500 per year
- +12.0%
- Result
- Beat
- 3 years
- OKE
- +70.8%
- S&P 500
- +87.4%
- OKE per year
- +19.5%
- S&P 500 per year
- +23.3%
- Result
- Lagged
- 5 years
- OKE
- +97.1%
- S&P 500
- +75.9%
- OKE per year
- +14.5%
- S&P 500 per year
- +12.0%
- Result
- Beat
- 10 years
- OKE
- +261.8%
- S&P 500
- +316.3%
- OKE per year
- +13.7%
- S&P 500 per year
- +15.3%
- Result
- Lagged
Total return with dividends reinvested, from month-end prices to Oct 30, 2026. Beating the index on raw return is only half the story: the next section adjusts for the risk taken. See also how to beat the S&P 500.
OKE is in the S&P 500 (members as of Oct 20, 2026); the list shows every member’s return against the index.
What Wall Street analysts say about OKE
In the 12 months to 30 days ago, 20 analysts published 194 ratings on OKE. Their latest calls were 45% Buy, 55% Hold and 0% Sell. 13 of them rank 4★ or higher in Exent’s analyst scoring, which is based on each analyst’s past price‑target hit rate and returns.
The consensus 12‑month price target was $91.71 (range $74.00–$108.00), −0.9% from the last price. Remember that the average analyst’s target is hit only about half the time: how accurate are price targets?
| Top‑ranked analyst covering | Firm | Stars | Price‑target hit rate |
|---|---|---|---|
| ??? | ??? | 5.0★ | 44.5% |
| Selman Akyol | Stifel Nicolaus | 5.0★ | 44.3% |
| Theresa Chen | Barclays | 5.0★ | 70.8% |
| Manav Gupta | UBS | 5.0★ | 58.4% |
| ??? | ??? | 4.9★ | 49.8% |
Ratings are shown with a 30‑day delay. Who the top‑ranked analysts on OKE are, their live calls and the median target of only the top‑rated analysts are in Exent Gems.
The average analyst’s target is reached about 53.1% of the time; Exent Gems is built on the top 50 of Exent’s ranking,where some reached 90% or more over the last two years. Unlock the top 50 analysts.
OKE returns by year vs the S&P 500
OKE beat the S&P 500 in 5 of the 9 full calendar years shown.
| Year | OKE | S&P 500 | Difference |
|---|---|---|---|
| 2026 (to Oct 30, 2026) | +37.1% | +11.7% | +25.4% |
| 2025 | −22.9% | +17.7% | −40.6% |
| 2024 | +50.1% | +24.9% | +25.2% |
| 2023 | +13.2% | +26.2% | −13.0% |
| 2022 | +18.9% | −18.2% | +37.1% |
| 2021 | +64.7% | +28.7% | +36.0% |
| 2020 | −43.5% | +18.3% | −61.8% |
| 2019 | +47.8% | +31.2% | +16.6% |
| 2018 | +6.3% | −4.6% | +10.9% |
| 2017 | −2.1% | +21.7% | −23.8% |
OKE risk-adjusted returns: Sharpe, Sortino and volatility
Over 5 years, OKE had a Sharpe ratio of 0.50 against 0.58 for the S&P 500, so it earned less return per unit of risk than the index. Its annualized volatility was 27.7% and its beta 0.77: it tended to move about 0.8× as much as the market.
| Metric | OKE | S&P 500 |
|---|---|---|
| Annual return | +14.5% | +12.0% |
| Volatility (annualized) | 27.7% | 15.5% |
| Sharpe ratio | 0.50 | 0.58 |
| Sortino ratio | 0.75 | 0.91 |
| Max drawdown (month-end) | −38.9% | −23.9% |
| Beta to the S&P 500 | 0.77 | 1.00 |
Sharpe divides return above cash by total volatility; Sortino counts only downside volatility. Both use monthly returns and the 1–3 month T‑bill ETF (BIL) as the risk‑free rate.
How OKE behaved in past crashes
OKE’s deepest fall in the crises below was −80.2% in the covid crash (feb–mar 2020), against −34.1% for the S&P 500. The last column turns that into money: what a $100,000 position would have lost from peak to trough.
| Crisis | OKE | S&P 500 | Loss on $100,000 |
|---|---|---|---|
| Global financial crisis (2007–09) | −65.1% | −56.5% | −$65,060 |
| 2018 trade-war selloff | −26.5% | −20.2% | −$26,510 |
| COVID crash (Feb–Mar 2020) | −80.2% | −34.1% | −$80,170 |
| 2022 inflation bear market | −31.3% | −25.4% | −$31,300 |
| 2025 tariff selloff | −23.1% | −19.0% | −$23,120 |
| Window | OKE max drawdown |
|---|---|
| Last 1 year | −21.0% |
| Last 3 years | −42.2% |
| Last 5 years | −42.2% |
| Last 10 years | −80.2% |
Peak‑to‑trough declines from daily prices inside each crisis window. A crash replay does not predict the next crisis; it shows how much room a holding needs. Run the same replay on a whole portfolio with the crash test.
What moves with OKE, and what doesn’t
Correlation runs from −1 (moves opposite) to +1 (moves in lockstep). Over the last 60 months of monthly returns, OKE’s correlation with the S&P 500 was 0.43, with the Nasdaq‑100 0.16, with long Treasuries (TLT) 0.29 and with gold (GLD) 0.06.
Adding a 5% OKE position to an S&P 500 portfolio would have moved its 5‑year volatility from 15.5% to 15.3%.
| Least correlated large caps | Correlation | Most correlated large caps | Correlation |
|---|---|---|---|
| CRWD | −0.16 | EPD | 0.76 |
| SNOW | −0.11 | WMB | 0.75 |
| AVGO | −0.11 | EOG | 0.69 |
| PANW | −0.08 | COP | 0.65 |
| AMD | −0.07 | CVX | 0.64 |
Holdings that are highly correlated behave like one position in a selloff. See how to find hidden overlap.
Latest OKE upgrades, downgrades and price‑target changes
| Date | Rating and target | Analyst |
|---|---|---|
| Oct 20 | Target raised Buy | James Weston |
| Sep 10 | Target raised Hold | Robert Kad |
| Sep 10 | New coverage Hold | Robert Hodges |
| Sep 3 | Target raised Buy | Spiro M. Dounis |
| Sep 2 | Target raised Buy | Praneeth Satish |
Named analysts’ rating and price‑target changes on OKE in the 5 weeks to Oct 4, 2026, shown 30 days after publication (the free analysts’ calls 3 days after). The top‑ranked analysts’ calls are in Exent Gems. See all of the latest analyst upgrades and downgrades.
Do analysts get OKE right?
Of the 339 analyst price targets on OKE set from 2019 until a year ago, 76.7% were reached within 12 months (data to Oct 20, 2026), 8.1 points above the 68.6% hit rate of the median stock in Exent’s study of 794 stocks. Targets that were reached took a median of 48 days. The median target sat 10.0% above the share price on the day it was set.
Where analysts said OKE would be by now: a year ago, 12 analysts had a price target on OKE, and the median of their latest targets was $82.00. On Oct 20, 2026 OKE closed at $92.82, 13.2% above it.
76.7%of targets reached within 12 monthsMedian stock: 68.6%
48 daysmedian time to reach a target
+13.2%price now vs the median target set a year ago
| After | Calls | Move on the call | 3 months vs S&P 500 |
|---|---|---|---|
| Upgrades of OKE | 20 | −0.2% | +0.9% |
| Upgrades, all stocks | 11,514 | +2.5% | +3.4% |
| Downgrades of OKE | 20 | +0.1% | −3.3% |
| Downgrades, all stocks | 10,700 | −3.0% | −1.6% |
The move on the call runs from the close before the rating change to the close after it; the last column is the stock’s return minus the S&P 500’s over the next three months. Averages of rating changes on OKE through Sep 15, 2026; analysts are not named here. Do analyst upgrades move stocks?
How OKE moves after earnings
OKE beat the consensus earnings‑per‑share estimate in 6 of its last 12 quarterly reports, through the one on Aug 3, 2026, and the revenue estimate in 6 of 12. From the close before each report to the close after it, the stock moved 2.9% on average, up or down, against 6.8% for the average report across the 1,002 US stocks Exent tracks. It rose after 4 of the 12 reports. In 5 of the 6 beats the stock still fell.
6/12earnings beats
±2.9%average move per report
4/12reports followed by a rise
| Report | EPS vs estimate | Revenue vs estimate | Stock move |
|---|---|---|---|
| Aug 3, 2026 | $1.53 vs $1.46 | +34.6% | −2.3% |
| Apr 28, 2026 | $1.23 vs $1.30 | +16.8% | +1.8% |
| Feb 23, 2026 | $1.55 vs $1.50 | +3.6% | −5.1% |
| Oct 28, 2025 | $1.49 vs $1.44 | −1.7% | −3.0% |
| Aug 4, 2025 | $1.34 vs $1.33 | +2.6% | −4.2% |
| Apr 29, 2025 | $1.04 vs $1.24 | +22.4% | −6.5% |
| Feb 24, 2025 | $1.57 vs $1.46 | +13.2% | −2.4% |
| Oct 29, 2024 | $1.18 vs $1.23 | −10.0% | +0.1% |
Reported earnings per share against the consensus estimate, revenue surprise in percent, and the stock’s price change over the two sessions around the report. How stocks move after earnings
Where OKE’s revenue comes from
In fiscal 2022 (the year to Dec 31, 2022), OKE’s largest reported region was Totals, with 100.0% of its $26.2 billion revenue.
By business, the largest segment was Liquids Commodity, with 76.0% of $33.6 billion revenue.
| Segment | Revenue | Share | Growth |
|---|---|---|---|
| Liquids Commodity | $25.6 billion | 76.0% | — |
| Residue Natural Gas Sales | $3.3 billion | 9.8% | — |
| Transportation and Storage | $3.1 billion | 9.3% | — |
| Exchange Services and Natural Gas Gathering and Processing | $1.5 billion | 4.4% | — |
| Other | $144.0 million | 0.4% | — |
From OKE’s annual filings; segment growth compares fiscal 2025 with the year before. Regions are as each company reports them, so one company’s “Asia Pacific” is not another’s. China counts the regions a company reports as China, Greater China or Hong Kong; a separately reported Taiwan is not counted. Which S&P 500 companies depend most on China?
Members of Congress who traded OKE
As of Oct 20, 2026, 13 members of Congress had disclosed 61 trades in OKE (33 buys and 27 sales) in STOCK Act disclosures filed with the House and Senate. The latest public trade is dated Feb 10, 2026.
| Trade date | Member | Type | Amount |
|---|---|---|---|
| Feb 10, 2026 | Gilbert Cisneros | Buy | $1,001–$15,000 |
| Jan 9, 2026 | Gilbert Cisneros | Sale | $1,001–$15,000 |
| Nov 18, 2025 | Gilbert Cisneros | Buy | $1,001–$15,000 |
| Aug 18, 2025 | Dan Newhouse | Buy | $1,001–$15,000 |
| Jul 11, 2025 | Ritchie John Torres | Sale | $1,001–$15,000 |
| Apr 3, 2025 | Dwight Evans | Sale | $1,001–$15,000 |
| Sep 26, 2024 | Ritchie John Torres | Buy | $1,001–$15,000 |
| Feb 14, 2024 | Kevin Hern | Buy | $1,001–$15,000 |
| Aug 14, 2023 | Kevin Hern | Buy | $1,001–$15,000 |
| May 15, 2023 | Kevin Hern | Buy | $1,001–$15,000 |
Amounts are the ranges members report, not exact values. The STOCK Act gives members up to 45 days to disclose a trade, so trades appear weeks after they are made. See every member’s disclosed trades
4 trades in OKE disclosed in the last 30 days are in Exent Radar.
Are OKE insiders buying or selling?
In the 12 months to Oct 20, 2026, OKE insiders made 1 open‑market purchase worth $165,000 by 1 insider and no sales, according to SEC Form 4 filings.
After the 19 insider purchases of $10,000 or more since 2012, OKE beat the S&P 500 by an average of 73.7 percentage points over the next 12 months; 83% of them were followed by a beat. Across all 17,865 insider purchases in Exent’s study, the average was +17.2% and the median +1.0% against the index.
| Date | Insider | Role | Value |
|---|---|---|---|
| Nov 3, 2025 | Derksen Brian L | Director | $165,000 |
| Mar 1, 2024 | Smith Wayne Thomas | Director | $203,175 |
| Jun 29, 2023 | Norton Pierce | Director, officer: President & CEO | $1.5 million |
| Jun 28, 2023 | Derksen Brian L | Director | $291,989 |
| Jun 17, 2022 | Norton Pierce | President & CEO | $498,462 |
The table lists the latest open‑market purchases on record, leaving out the last 30 days. The chart counts Form 4 purchases and sales by calendar quarter. Purchases are open‑market buys; sales include planned sales under 10b5‑1 trading plans. Do insider buys beat the market?
How much of OKE is sold short?
As of the Sep 30, 2026 settlement date, 3.88% of OKE’s float was sold short: 24.4 million shares, or 5.9 days of average trading volume to cover. A year earlier (Oct 15, 2025) it was 2.18%. The median across the 997 US stocks Exent tracks was 4.77%, so OKE is less heavily shorted than most.
From FINRA short‑interest reports, filed twice a month; the bars show the short share of the float at each month‑end. Days to cover divides the shares short by the average daily volume. The most shorted stocks
How many institutions own OKE?
At the end of Q2 2026 (Jun 30, 2026), 1,725 institutions reported holding OKE in 13F filings, down 29 from the quarter before and up from 1,628 a year earlier. Their reported holdings add up to 84.8% of OKE’s shares. In the quarter 832 institutions added to their positions and 541 cut them.
1,72513F holders
120new positions
148positions closed
84.8%of shares held by 13F filers
Investment managers with over $100 million in US equities file 13F reports within 45 days of each quarter end, so this is the latest complete quarter. Holdings can add up to more than 100% when shares are lent and counted twice. Which stocks institutions are buying and selling
Is OKE diluting shareholders?
OKE’s diluted share count rose 46.2% over the five fiscal years to fiscal 2025 and rose 7.6% in fiscal 2025 alone. Each share now owns a smaller slice of the company. The median change across the 1,005 US stocks Exent tracks was −0.1%.
OKE spent $75.0 million buying back shares, a buyback yield of 0.13% of its market value; stock pay equaled 0.0% of the buybacks.
+7.6%share count, 1 year
+46.2%share count, 5 years
0.0%stock pay as % of revenue
0.13%buyback yield
Weighted‑average diluted shares from OKE’s annual income statements; stock‑based compensation and buybacks from its cash‑flow statement. Stock dilution and stock‑based compensation, explained
OKE financial health scores
In Exent’s Oct 20, 2026 snapshot, OKE’s Altman Z‑score was 1.67, in the distress zone (where 180 of the 794 non‑financial US stocks Exent tracks sit). Its Piotroski F‑score was 6 out of 9; 62% of scored stocks reach 6 or more.
1.67Altman Z‑score: distress zone
6/9Piotroski F‑score
The Altman Z‑score combines five balance‑sheet and earnings ratios into one bankruptcy‑risk score: below 1.81 is the distress zone, 1.81–2.99 grey, above 2.99 safe. It is not meaningful for banks, insurers and REITs. The Piotroski F‑score counts nine yes/no tests of profitability, leverage and efficiency; 8–9 is strong, 0–2 weak. Both come from the latest annual statements. Which stocks have the highest bankruptcy risk?
What OKE talks about on earnings calls
On its latest earnings call (Aug 4, 2026), OKE’s executives and analysts mentioned AI 2 times, against 4 on the call before (Apr 29, 2026); the average across 455 S&P 500 calls that quarter was 12.9. After AI, the most mentioned topic was data centers (3).
| Mentions | Aug ’26 | Apr ’26 | Feb ’26 | Oct ’25 |
|---|---|---|---|---|
| AI | 2 | 4 | 0 | 2 |
| AI agents | 0 | 0 | 0 | 0 |
| Data centers | 3 | 3 | 3 | 5 |
| Tariffs | 1 | 3 | 2 | 2 |
| China | 0 | 0 | 0 | 0 |
| Recession | 0 | 0 | 0 | 0 |
- AI
- Aug ’26
- 2
- Apr ’26
- 4
- Feb ’26
- 0
- Oct ’25
- 2
- AI agents
- Aug ’26
- 0
- Apr ’26
- 0
- Feb ’26
- 0
- Oct ’25
- 0
- Data centers
- Aug ’26
- 3
- Apr ’26
- 3
- Feb ’26
- 3
- Oct ’25
- 5
- Tariffs
- Aug ’26
- 1
- Apr ’26
- 3
- Feb ’26
- 2
- Oct ’25
- 2
- China
- Aug ’26
- 0
- Apr ’26
- 0
- Feb ’26
- 0
- Oct ’25
- 0
- Recession
- Aug ’26
- 0
- Apr ’26
- 0
- Feb ’26
- 0
- Oct ’25
- 0
Word counts in the full transcript of each call, prepared remarks and Q&A, newest first. “AI” also counts generative AI and large language models; “AI agents” counts agentic AI. Which companies talk most about AI?
Which ETFs hold OKE?
As of Oct 20, 2026, 58 of the 304 ETFs Exent tracks held OKE. Its largest weight is in MLPX (Global X MLP & Energy Infrastructure ETF), at 6.43% of the fund.
| ETF | Fund | Weight of OKE |
|---|---|---|
| MLPX | Global X MLP & Energy Infrastructure ETF | 6.43% |
| BKGI | Bny Mellon Global Infrastructure Income ETF | 3.48% |
| XLE | State Street Energy Select Sector SPDR ETF | 2.82% |
| AMZA | InfraCap MLP ETF | 2.81% |
| VDE | Vanguard Energy Index Fund ETF Shares | 2.06% |
| FENY | Fidelity MSCI Energy Index ETF | 2.04% |
| IGF | iShares Global Infrastructure ETF | 1.99% |
| DVY | iShares Select Dividend ETF | 1.83% |
Owning several of these funds stacks the same position. How much do VOO, QQQ and VTI overlap?
How much is OKE’s CEO paid?
Pierce H. Norton, OKE’s President and Chief Executive Officer, received total pay of $12.0 million for fiscal 2025, down 9.3% from $13.2 million for fiscal 2024, according to the company’s proxy statement filed with the SEC on Apr 1, 2026. 73% of it came as stock and option awards, valued when they were granted rather than when they pay out. The median CEO pay across the 378 S&P 500 companies Exent tracks was $17.2 million, so OKE’s CEO earned less than most.
| Pay component | Amount | Share of total |
|---|---|---|
| Salary | $1.0 million | 8.3% |
| Stock and option awards | $8.8 million | 73.1% |
| Incentive plan (cash) | $1.6 million | 13.1% |
| Other | $654,056 | 5.4% |
| Other top executives | Role | Total pay, 2025 |
|---|---|---|
| Walter S. Hulse, | Chief Financial Officer, Treasurer and Executive Vice President, Corporate Development and Investor Relations | $8.3 million |
| Lyndon C. Taylor | Executive Vice President, Chief Legal Officer and Assistant Secretary | $6.9 million |
| Randy N Lentz | Executive Vice President and Chief Operating Officer | $6.1 million |
| Sheridan C. Swords | Executive Vice President and Chief Commercial Officer | $5.9 million |
Figures from the summary compensation table of the proxy statement; awards count at their grant‑date value, so one large multi‑year grant can make a single year stand out. CEO pay across the S&P 500
The right benchmark for OKE
Exent matches every holding to the index with the most similar risk. For OKE that is SPY (the S&P 500). Comparing a holding with an index that carries very different risk makes good results look bad and risky ones look clever. Read why the S&P 500 is the wrong benchmark for most portfolios.
Other energy stocks
| Ticker | Name | 5‑year return | Volatility (5y) |
|---|---|---|---|
| XOM | Exxon Mobil Corporation | +246.1% | 26.7% |
| CVX | Chevron Corporation | +151.3% | 25.3% |
| COP | ConocoPhillips | +146.9% | 32.7% |
| MPC | Marathon Petroleum Corporation | +654.0% | 33.1% |
| VLO | Valero Energy Corporation | +503.4% | 37.0% |
| PSX | Phillips 66 | +353.5% | 33.3% |
| WMB | The Williams Companies, Inc. | +229.7% | 23.6% |
| EOG | EOG Resources, Inc. | +127.2% | 32.3% |
Data and methodology
Returns are total returns from month‑end adjusted closing prices (dividends reinvested) through Oct 30, 2026. Crisis drawdowns and trailing maximum drawdowns use daily prices. Analyst coverage counts ratings published in the last 12 months, shown with a 30‑day delay. Full method: Exent methodology.
Company data as of Oct 20, 2026. The move around an earnings report runs from the close before it to the close after it; a price target counts as hit when the stock closed at or beyond it within 12 months (Exent analyst data). Revenue by region and segment, share counts and executive pay come from company filings; insider trades from SEC Form 4, short interest from FINRA, institutional ownership from 13F filings, Congress trades from STOCK Act disclosures filed with the House and Senate, federal contracts from USAspending.gov. Filings from the last 30 days are shown as counts only.
Past performance does not guarantee future results. Historical figures are calculated by Exent from market data and are for education only; they are not investment advice or a recommendation to buy or sell any security.
Check OKE with Exent Gems
Wall Street’s average OKE price target is 0.9% below the latest share price. See what the best‑ranked analysts on OKE say now in Exent Gems.
- Exent ranks Wall Street analysts by their past price‑target hit rate and returns, and keeps the best‑ranked few.
- Gems shows who the top‑ranked analysts covering OKE are, their live calls and the median target of only the top‑rated analysts.
- Gems flags the stocks where several top‑ranked analysts agree: a starting point for your own research, not a promise.
Frequently asked questions
No. OKE returned +261.8% (+13.7% a year) over the 10 years to Oct 30, 2026, versus +316.3% (+15.3% a year) for the S&P 500, including dividends.
Yes. As of Oct 20, 2026, OKE (ONEOK, Inc.) is one of the 503 stocks in the S&P 500.
OKE fell −65.1% from peak to trough during the global financial crisis (2007–09), versus −56.5% for the S&P 500.
OKE fell −80.2% from peak to trough during the covid crash (feb–mar 2020), versus −34.1% for the S&P 500.
OKE fell −31.3% from peak to trough during the 2022 inflation bear market, versus −25.4% for the S&P 500.
Over the 5 years to Oct 30, 2026, OKE’s Sharpe ratio was 0.50 and its Sortino ratio 0.75, versus 0.58 and 0.91 for the S&P 500.
OKE’s 5‑year annualized volatility was 28.5%, higher than the S&P 500’s 17.0%, with a beta of 0.77.
Among large US stocks, the lowest correlations with OKE over the last 60 months were CRWD (−0.16), SNOW (−0.11), AVGO (−0.11). Its correlation with long Treasuries (TLT) was 0.29 and with gold (GLD) 0.06.
OKE beat the consensus earnings-per-share estimate in 6 of its last 12 quarterly reports through Aug 3, 2026, and the revenue estimate in 6 of 12. The stock moved 2.9% on average, up or down, from the close before each report to the close after it.
Pierce H. Norton, OKE’s President and Chief Executive Officer, received $12.0 million in total pay for fiscal 2025, including a $1.0 million salary and $8.8 million in stock and option awards valued at grant, according to the proxy statement filed with the SEC on Apr 1, 2026. The median S&P 500 CEO received $17.2 million.
Yes. As of Oct 20, 2026, 13 members of Congress had disclosed 61 trades in OKE (33 buys and 27 sales) in STOCK Act disclosures filed with the House and Senate.
As of the Sep 30, 2026 settlement date, 3.88% of OKE’s float was sold short (24.4 million shares, 5.9 days to cover), according to FINRA short-interest reports. A year earlier it was 2.18%.
Yes. OKE’s diluted share count rose 46.2% over the five fiscal years to fiscal 2025 and rose 7.6% in the latest year. Stock-based compensation was 0.0% of revenue, and buybacks totaled $75.0 million.
What do the best‑ranked analysts say on OKE now?
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