DTE vs EVRG: Correlation
How closely do DTE Energy (DTE) and Evergy (EVRG) trade together? Their weekly returns over three years give a correlation of 0.78, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DTE and EVRG?
Over the past 3 years, DTE and EVRG moved with a correlation of 0.78, which is strong. The relationship has been stable: the 1-year correlation (0.86) sits close to the 3-year figure. Over 5 years the correlation is 0.82, and the annualized covariance of weekly returns is 236.9 %².
By 3-year correlation, EVRG places #6 of the 44 assets tracked against DTE. The last year tells two different stories: EVRG led by 15.2 percentage points, +1.7% for DTE against +16.9% for EVRG. The rolling one-year correlation moved between 0.52 and 0.86 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.
DTE vs EVRG: side by side
| DTE (DTE Energy) | EVRG (Evergy) | |
|---|---|---|
| 1-year return | +1.7% | +16.9% |
| 5-year return | +33.3% | +46.3% |
| Volatility (ann.) | 17.1% | 17.9% |
| Beta vs S&P 500 | 0.07 | 0.13 |
| Max drawdown (3Y) | -12.4% | -15.8% |
| Market cap | $28.3B | $18.8B |
| P/E (trailing) | 21.8 | 20.9 |
| Dividend yield | 3.39% | 3.35% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | DTE | EVRG |
|---|---|---|
| 2022 | +1.2% | -4.9% |
| 2023 | -2.8% | -13.3% |
| 2024 | +13.5% | +23.4% |
| 2025 | +10.4% | +22.4% |
| 2026 | +7.3% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DTE and EVRG good diversifiers for each other?
Only partially. A correlation of 0.78 means DTE 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 DTE and EVRG?
The DTE/EVRG correlation stands at 0.78 on a 3-year window (1 year: 0.86, 5 years: 0.82), computed from weekly returns as of 2026-08-27.
Is EVRG a good diversifier for DTE?
Only partially. A correlation of 0.78 means DTE 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 0.78 mean?
A reading of 0.78 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: DTE correlations · EVRG correlations
