EVRG vs IDA: Correlation
Evergy (EVRG) and IDACORP, Inc. (IDA) show a strong relationship: their 3-year correlation of weekly returns is 0.78.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVRG and IDA?
Across a 3-year window, the weekly returns of EVRG and IDA correlate at 0.78, strong. Recent behaviour matches the longer record: 0.87 over 1 year against 0.78 over 3. Stretching to 5 years gives 0.79, with an annualized covariance of 248.4 %².
By 3-year correlation, IDA places #10 of the 44 assets tracked against EVRG. The trailing year gives EVRG the advantage: +16.9% versus +11.6%, a 5.3-point spread.
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 IDA: side by side
| EVRG (Evergy) | IDA (IDACORP, Inc.) | |
|---|---|---|
| 1-year return | +16.9% | +11.6% |
| 5-year return | +46.3% | +51.7% |
| Volatility (ann.) | 17.9% | 17.8% |
| Beta vs S&P 500 | 0.13 | 0.10 |
| Max drawdown (3Y) | -15.8% | -13.6% |
| Market cap | $18.8B | $8.0B |
| P/E (trailing) | 20.9 | 22.9 |
| Dividend yield | 3.35% | 2.53% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | EVRG | IDA |
|---|---|---|
| 2022 | -4.9% | -2.1% |
| 2023 | -13.3% | -6.0% |
| 2024 | +23.4% | +15.0% |
| 2025 | +22.4% | +19.2% |
| 2026 | +15.2% | +10.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVRG and IDA good diversifiers for each other?
To a limited degree. At 0.78 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between EVRG and IDA?
The EVRG/IDA correlation stands at 0.78 on a 3-year window (1 year: 0.87, 5 years: 0.79), computed from weekly returns as of 2026-08-27.
Is IDA a good diversifier for EVRG?
To a limited degree. At 0.78 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.78 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-ida.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/evrg-vs-ida/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EVRG correlations · IDA correlations
