EVRG vs GOOG: Correlation
How closely do Evergy (EVRG) and Alphabet Inc. (Class C) (GOOG) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVRG and GOOG?
On 3 years of weekly data the EVRG/GOOG correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.30 lands near the 3-year figure. The 5-year figure is -0.06, and annualized covariance runs at -110.2 %².
Among the 44 assets we track against EVRG, GOOG sits near the bottom by co-movement, at rank #40. The last year tells two different stories: GOOG led by 45.8 percentage points, +16.9% for EVRG against +62.7% for GOOG. Across three years, the rolling one-year figure varied moderately, from -0.32 to -0.01. Risk is not evenly split, since GOOG carries 1.7 times the volatility of the other side.
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 GOOG: side by side
| EVRG (Evergy) | GOOG (Alphabet Inc. (Class C)) | |
|---|---|---|
| 1-year return | +16.9% | +62.7% |
| 5-year return | +46.3% | +134.2% |
| Volatility (ann.) | 17.9% | 31.1% |
| Beta vs S&P 500 | 0.13 | 1.20 |
| Max drawdown (3Y) | -15.8% | -29.4% |
| Market cap | $18.8B | $4,130.2B |
| P/E (trailing) | 20.9 | 17.0 |
| Dividend yield | 3.35% | 0.25% |
| Sector / category | Utilities | Communication Services |
Year-by-year returns
| Year | EVRG | GOOG |
|---|---|---|
| 2022 | -4.9% | -38.7% |
| 2023 | -13.3% | +58.8% |
| 2024 | +23.4% | +35.6% |
| 2025 | +22.4% | +65.4% |
| 2026 | +15.2% | +7.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVRG and GOOG good diversifiers for each other?
Yes. With a correlation of -0.20, EVRG and GOOG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EVRG and GOOG?
The EVRG/GOOG correlation stands at -0.20 on a 3-year window (1 year: -0.30, 5 years: -0.06), computed from weekly returns as of 2026-08-27.
Is GOOG a good diversifier for EVRG?
Yes. With a correlation of -0.20, EVRG and GOOG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
A reading of -0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/evrg-vs-goog.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/evrg-vs-goog/)
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Related comparisons
Hubs: EVRG correlations · GOOG correlations
