EVRG vs TEAM: Correlation
Measured on weekly returns over the past three years, Evergy (EVRG) and Atlassian Corporation (TEAM) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVRG and TEAM?
Across a 3-year window, the weekly returns of EVRG and TEAM correlate at -0.19, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.30) than the 3-year average (-0.19). Stretching to 5 years gives -0.10, with an annualized covariance of -207.5 %².
Within EVRG's tracked universe of 44 assets, TEAM comes in at #38 by 3-year correlation. The trailing year gives EVRG the advantage: +16.9% versus +8.0%, a 8.9-point spread. Risk is not evenly split, since TEAM carries 3.4 times the volatility of the other side.
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 TEAM: side by side
| EVRG (Evergy) | TEAM (Atlassian Corporation) | |
|---|---|---|
| 1-year return | +16.9% | +8.0% |
| 5-year return | +46.3% | -49.3% |
| Volatility (ann.) | 17.9% | 61.5% |
| Beta vs S&P 500 | 0.13 | 1.66 |
| Max drawdown (3Y) | -15.8% | -82.3% |
| Market cap | $18.8B | $47.0B |
| P/E (trailing) | 20.9 | – |
| Dividend yield | 3.35% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | EVRG | TEAM |
|---|---|---|
| 2022 | -4.9% | -66.3% |
| 2023 | -13.3% | +84.8% |
| 2024 | +23.4% | +2.3% |
| 2025 | +22.4% | -33.4% |
| 2026 | +15.2% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVRG and TEAM good diversifiers for each other?
Yes. With a correlation of -0.19, EVRG and TEAM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EVRG and TEAM?
As of 2026-08-27, the correlation of weekly returns between EVRG and TEAM is -0.19 over 3 years, -0.30 over 1 year and -0.10 over 5 years.
Is TEAM a good diversifier for EVRG?
Yes. With a correlation of -0.19, EVRG and TEAM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
A reading of -0.19 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: EVRG correlations · TEAM correlations
