EVRG vs KR: Correlation
Measured on weekly returns over the past three years, Evergy (EVRG) and Kroger (KR) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVRG and KR?
On 3 years of weekly data the EVRG/KR correlation comes out at 0.36, moderate. Little has changed lately, as the 1-year reading of 0.42 lands near the 3-year figure. The 5-year figure is 0.37, and annualized covariance runs at 150.0 %².
Among the 44 assets we track against EVRG, KR ranks #32 by 3-year correlation. The last year tells two different stories: EVRG led by 31.3 percentage points, +16.9% for EVRG against -14.4% for KR. The rolling one-year correlation moved between 0.08 and 0.50 over the past three years, a moderate range.
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 KR: side by side
| EVRG (Evergy) | KR (Kroger) | |
|---|---|---|
| 1-year return | +16.9% | -14.4% |
| 5-year return | +46.3% | +37.3% |
| Volatility (ann.) | 17.9% | 23.4% |
| Beta vs S&P 500 | 0.13 | -0.16 |
| Max drawdown (3Y) | -15.8% | -26.2% |
| Market cap | $18.8B | – |
| P/E (trailing) | 20.9 | 33.3 |
| Dividend yield | 3.35% | 1.79% |
| Sector / category | Utilities | Consumer Staples |
Year-by-year returns
| Year | EVRG | KR |
|---|---|---|
| 2022 | -4.9% | +0.4% |
| 2023 | -13.3% | +5.0% |
| 2024 | +23.4% | +36.9% |
| 2025 | +22.4% | +4.3% |
| 2026 | +15.2% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVRG and KR good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EVRG and KR?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.42 over the last year and 0.37 over 5 years.
Is KR a good diversifier for EVRG?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
A reading of 0.36 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-kr.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: EVRG correlations · KR correlations
