EVRG vs PM: Correlation
Measured on weekly returns over the past three years, Evergy (EVRG) and Philip Morris International (PM) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVRG and PM?
Over the past 3 years, EVRG and PM moved with a correlation of 0.37, which is moderate. Little has changed lately, as the 1-year reading of 0.29 lands near the 3-year figure. Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 151.8 %².
Within EVRG's tracked universe of 44 assets, PM comes in at #31 by 3-year correlation. Twelve-month performance is nearly a tie, at +16.9% for EVRG and +20.2% for PM. The relationship is regime-dependent: the rolling one-year correlation swung between 0.14 and 0.65 over the past three years, so this pair behaves very differently depending on the market environment.
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 PM: side by side
| EVRG (Evergy) | PM (Philip Morris International) | |
|---|---|---|
| 1-year return | +16.9% | +20.2% |
| 5-year return | +46.3% | +133.5% |
| Volatility (ann.) | 17.9% | 23.1% |
| Beta vs S&P 500 | 0.13 | -0.01 |
| Max drawdown (3Y) | -15.8% | -20.6% |
| Market cap | $18.8B | $296.9B |
| P/E (trailing) | 20.9 | 26.7 |
| Dividend yield | 3.35% | 3.03% |
| Sector / category | Utilities | Consumer Staples |
Year-by-year returns
| Year | EVRG | PM |
|---|---|---|
| 2022 | -4.9% | +12.3% |
| 2023 | -13.3% | -1.9% |
| 2024 | +23.4% | +34.3% |
| 2025 | +22.4% | +38.0% |
| 2026 | +15.2% | +20.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVRG and PM good diversifiers for each other?
Reasonably. At 0.37, EVRG and PM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EVRG and PM?
As of 2026-08-27, the correlation of weekly returns between EVRG and PM is 0.37 over 3 years, 0.29 over 1 year and 0.33 over 5 years.
Is PM a good diversifier for EVRG?
Reasonably. At 0.37, EVRG and PM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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-pm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/evrg-vs-pm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EVRG correlations · PM correlations
