EVRG vs FRNM: Correlation
Measured on weekly returns over the past three years, Evergy (EVRG) and Freenome, Inc. (FRNM) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVRG and FRNM?
On 3 years of weekly data the EVRG/FRNM correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.27) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -69.0 %².
Among the 44 assets we track against EVRG, FRNM ranks #35 by 3-year correlation. The last year tells two different stories: FRNM led by 15.4 percentage points, +16.9% for EVRG against +32.3% for FRNM.
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.
EVRG vs FRNM: side by side
| EVRG (Evergy) | FRNM (Freenome, Inc.) | |
|---|---|---|
| 1-year return | +16.9% | +32.3% |
| 5-year return | +46.3% | n/a |
| Volatility (ann.) | 17.9% | 21.1% |
| Beta vs S&P 500 | 0.13 | 0.03 |
| Max drawdown (3Y) | -15.8% | -29.6% |
| Market cap | $18.8B | $1.5B |
| P/E (trailing) | 20.9 | – |
| Dividend yield | 3.35% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | EVRG | FRNM |
|---|---|---|
| 2022 | -4.9% | – |
| 2023 | -13.3% | – |
| 2024 | +23.4% | – |
| 2025 | +22.4% | +28.0% |
| 2026 | +15.2% | +7.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVRG and FRNM good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between EVRG and FRNM?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.27 over the last year and n/a over 5 years.
Is FRNM a good diversifier for EVRG?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/evrg-vs-frnm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/evrg-vs-frnm/)
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Related comparisons
Hubs: EVRG correlations · FRNM correlations
