D vs EVRG: Correlation
How closely do Dominion Energy (D) and Evergy (EVRG) trade together? Their weekly returns over three years give a correlation of 0.68, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are D and EVRG?
Across a 3-year window, the weekly returns of D and EVRG correlate at 0.68, strong. Recent behaviour matches the longer record: 0.66 over 1 year against 0.68 over 3. Stretching to 5 years gives 0.71, with an annualized covariance of 250.1 %².
In D's tracked universe of 31 assets, EVRG sits right near the top at #3. Twelve-month performance is nearly a tie, at +15.1% for D and +16.9% for EVRG. The rolling one-year correlation moved between 0.49 and 0.81 over the past three years, a moderate range.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
D vs EVRG: side by side
| D (Dominion Energy) | EVRG (Evergy) | |
|---|---|---|
| 1-year return | +15.1% | +16.9% |
| 5-year return | +6.1% | +46.3% |
| Volatility (ann.) | 20.5% | 17.9% |
| Beta vs S&P 500 | 0.18 | 0.13 |
| Max drawdown (3Y) | -19.1% | -15.8% |
| Market cap | $58.5B | $18.8B |
| P/E (trailing) | 23.2 | 20.9 |
| Dividend yield | 3.99% | 3.35% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | D | EVRG |
|---|---|---|
| 2022 | -19.1% | -4.9% |
| 2023 | -19.1% | -13.3% |
| 2024 | +20.4% | +23.4% |
| 2025 | +14.0% | +22.4% |
| 2026 | +15.9% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are D and EVRG good diversifiers for each other?
Only partially. A correlation of 0.68 means D and EVRG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between D and EVRG?
Using weekly returns as of 2026-08-27: 0.68 over 3 years, with 0.66 over the last year and 0.71 over 5 years.
Is EVRG a good diversifier for D?
Only partially. A correlation of 0.68 means D and EVRG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.68 mean?
On the −1 to +1 scale, 0.68 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/d-vs-evrg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/d-vs-evrg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: D correlations · EVRG correlations
