EVRG vs GURE: Correlation
Measured on weekly returns over the past three years, Evergy (EVRG) and Gulf Resources, Inc. (GURE) 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 GURE?
Over the past 3 years, EVRG and GURE moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.30) than the 3-year average (-0.19). Over 5 years the correlation is -0.10, and the annualized covariance of weekly returns is -456.1 %².
Among the 44 assets we track against EVRG, GURE ranks #36 by 3-year correlation. The last year tells two different stories: EVRG led by 69.4 percentage points, +16.9% for EVRG against -52.5% for GURE. Risk is not evenly split, since GURE carries 7.7 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 GURE: side by side
| EVRG (Evergy) | GURE (Gulf Resources, Inc.) | |
|---|---|---|
| 1-year return | +16.9% | -52.5% |
| 5-year return | +46.3% | -92.1% |
| Volatility (ann.) | 17.9% | 137.7% |
| Beta vs S&P 500 | 0.13 | -0.30 |
| Max drawdown (3Y) | -15.8% | -88.1% |
| Market cap | $18.8B | – |
| P/E (trailing) | 20.9 | – |
| Dividend yield | 3.35% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | EVRG | GURE |
|---|---|---|
| 2022 | -4.9% | -28.6% |
| 2023 | -13.3% | -46.6% |
| 2024 | +23.4% | -65.5% |
| 2025 | +22.4% | -35.1% |
| 2026 | +15.2% | -7.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVRG and GURE good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EVRG and GURE?
As of 2026-08-27, the correlation of weekly returns between EVRG and GURE is -0.19 over 3 years, -0.30 over 1 year and -0.10 over 5 years.
Is GURE a good diversifier for EVRG?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 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-gure.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/evrg-vs-gure/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EVRG correlations · GURE correlations
