EVRG vs PPL: Correlation
Evergy (EVRG) and PPL Corporation (PPL) show a very strong relationship: their 3-year correlation of weekly returns is 0.80.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVRG and PPL?
On 3 years of weekly data the EVRG/PPL correlation comes out at 0.80, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.85) sits close to the 3-year figure. The 5-year figure is 0.80, and annualized covariance runs at 249.6 %².
Within EVRG's tracked universe of 44 assets, PPL comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with EVRG ahead by 19.9 points (+16.9% versus -3.0%). The rolling one-year correlation moved between 0.62 and 0.90 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 PPL: side by side
| EVRG (Evergy) | PPL (PPL Corporation) | |
|---|---|---|
| 1-year return | +16.9% | -3.0% |
| 5-year return | +46.3% | +41.1% |
| Volatility (ann.) | 17.9% | 17.4% |
| Beta vs S&P 500 | 0.13 | 0.13 |
| Max drawdown (3Y) | -15.8% | -13.3% |
| Market cap | $18.8B | $25.9B |
| P/E (trailing) | 20.9 | 20.7 |
| Dividend yield | 3.35% | 3.18% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | EVRG | PPL |
|---|---|---|
| 2022 | -4.9% | +0.4% |
| 2023 | -13.3% | -3.8% |
| 2024 | +23.4% | +24.0% |
| 2025 | +22.4% | +11.4% |
| 2026 | +15.2% | -0.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVRG and PPL good diversifiers for each other?
No: a correlation of 0.80 means EVRG and PPL tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between EVRG and PPL?
The EVRG/PPL correlation stands at 0.80 on a 3-year window (1 year: 0.85, 5 years: 0.80), computed from weekly returns as of 2026-08-27.
Is PPL a good diversifier for EVRG?
No: a correlation of 0.80 means EVRG and PPL tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.80 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-ppl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/evrg-vs-ppl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EVRG correlations · PPL correlations
