DGX vs EVRG: Correlation
How closely do Quest Diagnostics (DGX) and Evergy (EVRG) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DGX and EVRG?
On 3 years of weekly data the DGX/EVRG correlation comes out at 0.43, moderate. The link has tightened recently: the 1-year correlation (0.56) runs above the 3-year figure (0.43). The 5-year figure is 0.38, and annualized covariance runs at 147.2 %².
By 3-year correlation, EVRG places #5 of the 32 assets tracked against DGX. The last year tells two different stories: DGX led by 21.6 percentage points, +38.5% for DGX against +16.9% for EVRG. This link changes with the market regime, having swung between 0.16 and 0.66 on a rolling one-year basis.
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.
DGX vs EVRG: side by side
| DGX (Quest Diagnostics) | EVRG (Evergy) | |
|---|---|---|
| 1-year return | +38.5% | +16.9% |
| 5-year return | +78.8% | +46.3% |
| Volatility (ann.) | 19.1% | 17.9% |
| Beta vs S&P 500 | 0.09 | 0.13 |
| Max drawdown (3Y) | -12.4% | -15.8% |
| Market cap | $27.0B | $18.8B |
| P/E (trailing) | 26.0 | 20.9 |
| Dividend yield | 1.36% | 3.35% |
| Sector / category | Health Care | Utilities |
Year-by-year returns
| Year | DGX | EVRG |
|---|---|---|
| 2022 | -7.8% | -4.9% |
| 2023 | -10.1% | -13.3% |
| 2024 | +11.8% | +23.4% |
| 2025 | +17.2% | +22.4% |
| 2026 | +42.8% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DGX and EVRG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DGX and EVRG?
The DGX/EVRG correlation stands at 0.43 on a 3-year window (1 year: 0.56, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is EVRG a good diversifier for DGX?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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.
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Related comparisons
Hubs: DGX correlations · EVRG correlations
