EVRG vs NEE: Correlation
Evergy (EVRG) and NextEra Energy (NEE) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVRG and NEE?
Across a 3-year window, the weekly returns of EVRG and NEE correlate at 0.57, moderate. The relationship has been stable: the 1-year correlation (0.56) sits close to the 3-year figure. Stretching to 5 years gives 0.56, with an annualized covariance of 268.5 %².
Among the 44 assets we track against EVRG, NEE ranks #28 by 3-year correlation. Their 12-month results are close: +16.9% for EVRG against +16.2% for NEE. Across three years, the rolling one-year figure varied moderately, from 0.29 to 0.76.
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 NEE: side by side
| EVRG (Evergy) | NEE (NextEra Energy) | |
|---|---|---|
| 1-year return | +16.9% | +16.2% |
| 5-year return | +46.3% | +12.9% |
| Volatility (ann.) | 17.9% | 26.5% |
| Beta vs S&P 500 | 0.13 | 0.28 |
| Max drawdown (3Y) | -15.8% | -28.8% |
| Market cap | $18.8B | $174.1B |
| P/E (trailing) | 20.9 | 18.9 |
| Dividend yield | 3.35% | 2.82% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | EVRG | NEE |
|---|---|---|
| 2022 | -4.9% | -8.5% |
| 2023 | -13.3% | -25.3% |
| 2024 | +23.4% | +21.5% |
| 2025 | +22.4% | +15.5% |
| 2026 | +15.2% | +5.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVRG and NEE good diversifiers for each other?
To a limited degree. At 0.57 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 NEE?
As of 2026-08-27, the correlation of weekly returns between EVRG and NEE is 0.57 over 3 years, 0.56 over 1 year and 0.56 over 5 years.
Is NEE a good diversifier for EVRG?
To a limited degree. At 0.57 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 0.57 mean?
On the −1 to +1 scale, 0.57 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/evrg-vs-nee.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/evrg-vs-nee/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EVRG correlations · NEE correlations
