EVRG vs JNJ: Correlation
How closely do Evergy (EVRG) and Johnson & Johnson (JNJ) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVRG and JNJ?
Across a 3-year window, the weekly returns of EVRG and JNJ correlate at 0.52, moderate. The past 12 months show a tighter link (0.63) than the 3-year average (0.52). Stretching to 5 years gives 0.52, with an annualized covariance of 173.6 %².
Among the 44 assets we track against EVRG, JNJ ranks #29 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months JNJ outperformed by 36.8 percentage points (+16.9% for EVRG against +53.7% for JNJ). On a rolling one-year basis the correlation drifted between 0.36 and 0.67, a moderate band.
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 JNJ: side by side
| EVRG (Evergy) | JNJ (Johnson & Johnson) | |
|---|---|---|
| 1-year return | +16.9% | +53.7% |
| 5-year return | +46.3% | +76.0% |
| Volatility (ann.) | 17.9% | 18.5% |
| Beta vs S&P 500 | 0.13 | 0.05 |
| Max drawdown (3Y) | -15.8% | -14.4% |
| Market cap | $18.8B | $640.5B |
| P/E (trailing) | 20.9 | 30.9 |
| Dividend yield | 3.35% | 1.94% |
| Sector / category | Utilities | Health Care |
Year-by-year returns
| Year | EVRG | JNJ |
|---|---|---|
| 2022 | -4.9% | +6.0% |
| 2023 | -13.3% | -8.6% |
| 2024 | +23.4% | -4.8% |
| 2025 | +22.4% | +47.5% |
| 2026 | +15.2% | +30.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVRG and JNJ good diversifiers for each other?
To a limited degree. At 0.52 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 JNJ?
The EVRG/JNJ correlation stands at 0.52 on a 3-year window (1 year: 0.63, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is JNJ a good diversifier for EVRG?
To a limited degree. At 0.52 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 0.52 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-jnj.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/evrg-vs-jnj/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EVRG correlations · JNJ correlations
