ETR vs EVRG: Correlation
How closely do Entergy (ETR) and Evergy (EVRG) trade together? Their weekly returns over three years give a correlation of 0.76, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ETR and EVRG?
Over the past 3 years, ETR and EVRG moved with a correlation of 0.76, which is strong. Recent behaviour matches the longer record: 0.80 over 1 year against 0.76 over 3. Over 5 years the correlation is 0.77, and the annualized covariance of weekly returns is 267.9 %².
By 3-year correlation, EVRG places #5 of the 38 assets tracked against ETR. On 12-month performance ETR holds a 5.0-point edge, +21.9% against +16.9%. On a rolling one-year basis the correlation drifted between 0.59 and 0.87, a moderate band.
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.
ETR vs EVRG: side by side
| ETR (Entergy) | EVRG (Evergy) | |
|---|---|---|
| 1-year return | +21.9% | +16.9% |
| 5-year return | +132.0% | +46.3% |
| Volatility (ann.) | 19.7% | 17.9% |
| Beta vs S&P 500 | 0.22 | 0.13 |
| Max drawdown (3Y) | -10.6% | -15.8% |
| Market cap | $49.7B | $18.8B |
| P/E (trailing) | 27.2 | 20.9 |
| Dividend yield | 2.35% | 3.35% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | ETR | EVRG |
|---|---|---|
| 2022 | +3.6% | -4.9% |
| 2023 | -6.1% | -13.3% |
| 2024 | +56.0% | +23.4% |
| 2025 | +25.3% | +22.4% |
| 2026 | +17.3% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ETR and EVRG good diversifiers for each other?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ETR and EVRG?
The ETR/EVRG correlation stands at 0.76 on a 3-year window (1 year: 0.80, 5 years: 0.77), computed from weekly returns as of 2026-08-27.
Is EVRG a good diversifier for ETR?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.76 mean?
A reading of 0.76 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: ETR correlations · EVRG correlations
