EVRG vs SO: Correlation
How closely do Evergy (EVRG) and Southern Company (SO) trade together? Their weekly returns over three years give a correlation of 0.75, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVRG and SO?
On 3 years of weekly data the EVRG/SO correlation comes out at 0.75, strong. Little has changed lately, as the 1-year reading of 0.81 lands near the 3-year figure. The 5-year figure is 0.81, and annualized covariance runs at 221.4 %².
Within EVRG's tracked universe of 44 assets, SO comes in at #16 by 3-year correlation. The last year tells two different stories: EVRG led by 18.3 percentage points, +16.9% for EVRG against -1.4% for SO. On a rolling one-year basis the correlation drifted between 0.49 and 0.84, 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 SO: side by side
| EVRG (Evergy) | SO (Southern Company) | |
|---|---|---|
| 1-year return | +16.9% | -1.4% |
| 5-year return | +46.3% | +62.6% |
| Volatility (ann.) | 17.9% | 16.5% |
| Beta vs S&P 500 | 0.13 | -0.02 |
| Max drawdown (3Y) | -15.8% | -15.0% |
| Market cap | $18.8B | $102.4B |
| P/E (trailing) | 20.9 | 21.7 |
| Dividend yield | 3.35% | 3.32% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | EVRG | SO |
|---|---|---|
| 2022 | -4.9% | +8.2% |
| 2023 | -13.3% | +2.2% |
| 2024 | +23.4% | +21.7% |
| 2025 | +22.4% | +9.5% |
| 2026 | +15.2% | +4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVRG and SO good diversifiers for each other?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EVRG and SO?
As of 2026-08-27, the correlation of weekly returns between EVRG and SO is 0.75 over 3 years, 0.81 over 1 year and 0.81 over 5 years.
Is SO a good diversifier for EVRG?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.75 mean?
On the −1 to +1 scale, 0.75 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.
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Related comparisons
Hubs: EVRG correlations · SO correlations
