EVRG vs SRE: Correlation
Measured on weekly returns over the past three years, Evergy (EVRG) and Sempra (SRE) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVRG and SRE?
Over the past 3 years, EVRG and SRE moved with a correlation of 0.62, which is strong. The past 12 months show a tighter link (0.74) than the 3-year average (0.62). Over 5 years the correlation is 0.66, and the annualized covariance of weekly returns is 262.7 %².
Within EVRG's tracked universe of 44 assets, SRE comes in at #22 by 3-year correlation. Over the last 12 months EVRG came out ahead by 10.9 percentage points (+16.9% against +6.0%). The relationship is regime-dependent: the rolling one-year correlation swung between 0.32 and 0.84 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 SRE: side by side
| EVRG (Evergy) | SRE (Sempra) | |
|---|---|---|
| 1-year return | +16.9% | +6.0% |
| 5-year return | +46.3% | +50.4% |
| Volatility (ann.) | 17.9% | 23.9% |
| Beta vs S&P 500 | 0.13 | 0.38 |
| Max drawdown (3Y) | -15.8% | -31.6% |
| Market cap | $18.8B | $55.4B |
| P/E (trailing) | 20.9 | 24.7 |
| Dividend yield | 3.35% | 3.06% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | EVRG | SRE |
|---|---|---|
| 2022 | -4.9% | +20.3% |
| 2023 | -13.3% | -0.1% |
| 2024 | +23.4% | +21.1% |
| 2025 | +22.4% | +3.9% |
| 2026 | +15.2% | -2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVRG and SRE good diversifiers for each other?
Only partially. A correlation of 0.62 means EVRG and SRE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between EVRG and SRE?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.74 over the last year and 0.66 over 5 years.
Is SRE a good diversifier for EVRG?
Only partially. A correlation of 0.62 means EVRG and SRE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.62 mean?
A reading of 0.62 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/evrg-vs-sre.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/evrg-vs-sre/)
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Related comparisons
Hubs: EVRG correlations · SRE correlations
