DUK vs EVRG: Correlation
Duke Energy (DUK) and Evergy (EVRG) show a very strong relationship: their 3-year correlation of weekly returns is 0.80.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DUK and EVRG?
Over the past 3 years, DUK and EVRG moved with a correlation of 0.80, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.88) sits close to the 3-year figure. Over 5 years the correlation is 0.83, and the annualized covariance of weekly returns is 228.6 %².
In DUK's tracked universe of 53 assets, EVRG sits right near the top at #3. The last year tells two different stories: EVRG led by 15.8 percentage points, +1.1% for DUK against +16.9% for EVRG. The link looks structural: the rolling one-year correlation barely moved, holding between 0.66 and 0.88.
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.
DUK vs EVRG: side by side
| DUK (Duke Energy) | EVRG (Evergy) | |
|---|---|---|
| 1-year return | +1.1% | +16.9% |
| 5-year return | +39.8% | +46.3% |
| Volatility (ann.) | 15.9% | 17.9% |
| Beta vs S&P 500 | -0.09 | 0.13 |
| Max drawdown (3Y) | -11.6% | -15.8% |
| Market cap | $94.2B | $18.8B |
| P/E (trailing) | 18.3 | 20.9 |
| Dividend yield | 3.49% | 3.35% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | DUK | EVRG |
|---|---|---|
| 2022 | +2.0% | -4.9% |
| 2023 | -1.6% | -13.3% |
| 2024 | +15.6% | +23.4% |
| 2025 | +12.7% | +22.4% |
| 2026 | +5.8% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DUK and EVRG good diversifiers for each other?
Not really. At 0.80, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between DUK and EVRG?
Using weekly returns as of 2026-08-27: 0.80 over 3 years, with 0.88 over the last year and 0.83 over 5 years.
Is EVRG a good diversifier for DUK?
Not really. At 0.80, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.80 mean?
A reading of 0.80 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: DUK correlations · EVRG correlations
