EVRG vs PEG: Correlation
Measured on weekly returns over the past three years, Evergy (EVRG) and Public Service Enterprise Group (PEG) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVRG and PEG?
Across a 3-year window, the weekly returns of EVRG and PEG correlate at 0.59, moderate. The link has tightened recently: the 1-year correlation (0.70) runs above the 3-year figure (0.59). Stretching to 5 years gives 0.69, with an annualized covariance of 200.6 %².
By 3-year correlation, PEG places #27 of the 44 assets tracked against EVRG. Correlation aside, the last 12 months split them widely, with EVRG ahead by 25.5 points (+16.9% versus -8.6%). On a rolling one-year basis the correlation drifted between 0.35 and 0.77, 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 PEG: side by side
| EVRG (Evergy) | PEG (Public Service Enterprise Group) | |
|---|---|---|
| 1-year return | +16.9% | -8.6% |
| 5-year return | +46.3% | +34.9% |
| Volatility (ann.) | 17.9% | 18.9% |
| Beta vs S&P 500 | 0.13 | 0.25 |
| Max drawdown (3Y) | -15.8% | -18.8% |
| Market cap | $18.8B | $36.5B |
| P/E (trailing) | 20.9 | 18.4 |
| Dividend yield | 3.35% | 3.51% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | EVRG | PEG |
|---|---|---|
| 2022 | -4.9% | -5.1% |
| 2023 | -13.3% | +3.6% |
| 2024 | +23.4% | +42.6% |
| 2025 | +22.4% | -1.9% |
| 2026 | +15.2% | -7.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVRG and PEG good diversifiers for each other?
To a limited degree. At 0.59 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 PEG?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.70 over the last year and 0.69 over 5 years.
Is PEG a good diversifier for EVRG?
To a limited degree. At 0.59 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 0.59 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-peg.json
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EVRG correlations · PEG correlations
