ED vs EVRG: Correlation
Consolidated Edison (ED) and Evergy (EVRG) show a strong relationship: their 3-year correlation of weekly returns is 0.72.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ED and EVRG?
On 3 years of weekly data the ED/EVRG correlation comes out at 0.72, strong. Little has changed lately, as the 1-year reading of 0.82 lands near the 3-year figure. The 5-year figure is 0.78, and annualized covariance runs at 211.6 %².
Among the 105 assets we track against ED, EVRG ranks #8 by 3-year correlation. On 12-month performance EVRG holds a 6.7-point edge, +10.2% against +16.9%. The rolling one-year correlation moved between 0.50 and 0.82 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.
ED vs EVRG: side by side
| ED (Consolidated Edison) | EVRG (Evergy) | |
|---|---|---|
| 1-year return | +10.2% | +16.9% |
| 5-year return | +67.5% | +46.3% |
| Volatility (ann.) | 16.5% | 17.9% |
| Beta vs S&P 500 | -0.21 | 0.13 |
| Max drawdown (3Y) | -17.4% | -15.8% |
| Market cap | $39.5B | $18.8B |
| P/E (trailing) | 17.5 | 20.9 |
| Dividend yield | 3.22% | 3.35% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | ED | EVRG |
|---|---|---|
| 2022 | +15.7% | -4.9% |
| 2023 | -1.1% | -13.3% |
| 2024 | +1.5% | +23.4% |
| 2025 | +15.1% | +22.4% |
| 2026 | +10.1% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ED and EVRG good diversifiers for each other?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ED and EVRG?
Using weekly returns as of 2026-08-27: 0.72 over 3 years, with 0.82 over the last year and 0.78 over 5 years.
Is EVRG a good diversifier for ED?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.72 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: ED correlations · EVRG correlations
