EVRG vs GOOGL: Correlation
Evergy (EVRG) and Alphabet Inc. (Class A) (GOOGL) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVRG and GOOGL?
On 3 years of weekly data the EVRG/GOOGL correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.30) sits close to the 3-year figure. The 5-year figure is -0.06, and annualized covariance runs at -110.5 %².
Out of 44 assets tracked against EVRG, GOOGL lands near the bottom at #41. Correlation aside, the last 12 months split them widely, with GOOGL ahead by 47.8 points (+16.9% versus +64.7%). Across three years, the rolling one-year figure varied moderately, from -0.32 to -0.01. One caveat on sizing: GOOGL is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 GOOGL: side by side
| EVRG (Evergy) | GOOGL (Alphabet Inc. (Class A)) | |
|---|---|---|
| 1-year return | +16.9% | +64.7% |
| 5-year return | +46.3% | +137.7% |
| Volatility (ann.) | 17.9% | 31.4% |
| Beta vs S&P 500 | 0.13 | 1.22 |
| Max drawdown (3Y) | -15.8% | -29.8% |
| Market cap | $18.8B | $4,166.1B |
| P/E (trailing) | 20.9 | 17.2 |
| Dividend yield | 3.35% | 0.25% |
| Sector / category | Utilities | Communication Services |
Year-by-year returns
| Year | EVRG | GOOGL |
|---|---|---|
| 2022 | -4.9% | -39.1% |
| 2023 | -13.3% | +58.3% |
| 2024 | +23.4% | +36.0% |
| 2025 | +22.4% | +66.0% |
| 2026 | +15.2% | +9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVRG and GOOGL good diversifiers for each other?
Yes. With a correlation of -0.20, EVRG and GOOGL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EVRG and GOOGL?
The EVRG/GOOGL 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 GOOGL a good diversifier for EVRG?
Yes. With a correlation of -0.20, EVRG and GOOGL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/evrg-vs-googl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/evrg-vs-googl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EVRG correlations · GOOGL correlations
