EVRG vs. NI
EVRG (Evergy, Inc.) and NI (NiSource Inc.) are both stocks. Both are in the Utilities sector — EVRG in Utilities - Regulated Electric, NI in Utilities - Regulated Gas. Over the past 5 years, EVRG returned 10.70%/yr vs 17.70%/yr for NI. A 0.71 correlation means they provide meaningful diversification when combined.
Performance
EVRG vs. NI - Performance Comparison
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Returns By Period
In the year-to-date period, EVRG achieves a 16.78% return, which is significantly higher than NI's 15.56% return.
EVRG
- 1D
- 0.91%
- 1M
- -0.82%
- YTD
- 16.78%
- 6M
- 16.88%
- 1Y
- 28.34%
- 3Y*
- 18.06%
- 5Y*
- 10.70%
- 10Y*
- —
NI
- 1D
- 0.78%
- 1M
- -0.46%
- YTD
- 15.56%
- 6M
- 16.42%
- 1Y
- 23.74%
- 3Y*
- 25.18%
- 5Y*
- 17.70%
- 10Y*
- 9.97%
EVRG vs. NI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EVRG Evergy, Inc. | 16.78% | 22.44% | 23.41% | -13.28% | -4.89% | 27.99% | -11.67% | 18.38% | 4.43% |
NI NiSource Inc. | 15.56% | 16.81% | 43.48% | 0.48% | 2.67% | 24.75% | -14.87% | 13.03% | 4.02% |
Correlation
The correlation between EVRG and NI is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2018 | 0.71 |
The correlation between EVRG and NI shifts across timeframes, from 0.63 (1 year) to 0.75 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
EVRG:
$19.61B
NI:
$22.91B
EVRG:
$3.77
NI:
$2.02
EVRG:
22.08
NI:
23.54
EVRG:
3.25
NI:
3.32
EVRG:
1.93
NI:
2.37
EVRG:
$5.99B
NI:
$6.82B
EVRG:
$2.49B
NI:
$4.28B
EVRG:
$2.75B
NI:
$2.73B
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Return for Risk
EVRG vs. NI — Risk / Return Rank
EVRG
NI
EVRG vs. NI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evergy, Inc. (EVRG) and NiSource Inc. (NI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EVRG | NI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.22 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.90 | 2.61 | +1.29 |
| Martin ratioReturn relative to average drawdown | 9.95 | 7.55 | +2.40 |
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Drawdowns
EVRG vs. NI - Drawdown Comparison
The maximum EVRG drawdown since its inception was -38.79%, smaller than the maximum NI drawdown of -65.73%. Use the drawdown chart below to compare losses from any high point for EVRG and NI.
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Drawdown Indicators
| EVRG | NI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.79% | -65.73% | +26.94% |
Max Drawdown (1Y)Largest decline over 1 year | -7.30% | -9.14% | +1.84% |
Max Drawdown (3Y)Largest decline over 3 years | -21.10% | -17.73% | -3.37% |
Max Drawdown (5Y)Largest decline over 5 years | -29.84% | -24.76% | -5.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.95% | — |
Current DrawdownCurrent decline from peak | -1.09% | -1.35% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -9.89% | -12.97% | +3.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | 3.15% | -0.30% |
Volatility
EVRG vs. NI - Volatility Comparison
The current volatility for Evergy, Inc. (EVRG) is 5.05%, while NiSource Inc. (NI) has a volatility of 5.69%. This indicates that EVRG experiences smaller price fluctuations and is considered to be less risky than NI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVRG | NI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.05% | 5.69% | -0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 12.12% | 12.32% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.74% | 18.07% | -2.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.87% | 20.01% | -1.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.31% | 23.18% | +1.13% |
Dividends
EVRG vs. NI - Dividend Comparison
EVRG's dividend yield for the trailing twelve months is around 3.31%, more than NI's 2.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVRG Evergy, Inc. | 3.31% | 3.72% | 4.22% | 4.75% | 3.70% | 3.17% | 3.69% | 2.97% | 1.65% | 0.00% | 0.00% | 0.00% |
NI NiSource Inc. | 2.44% | 2.68% | 2.88% | 3.77% | 3.43% | 3.19% | 3.66% | 2.87% | 3.08% | 2.73% | 2.89% | 145.67% |
Financials
EVRG vs. NI - Financials Comparison
This section allows you to compare key financial metrics between Evergy, Inc. and NiSource Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
EVRG vs. NI - Profitability Comparison
EVRG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Evergy, Inc. reported a gross profit of 974.10M and revenue of 1.44B. Therefore, the gross margin over that period was 67.5%.
NI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NiSource Inc. reported a gross profit of 1.87B and revenue of 2.36B. Therefore, the gross margin over that period was 79.3%.
EVRG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Evergy, Inc. reported an operating income of 318.40M and revenue of 1.44B, resulting in an operating margin of 22.1%.
NI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NiSource Inc. reported an operating income of 819.20M and revenue of 2.36B, resulting in an operating margin of 34.7%.
EVRG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Evergy, Inc. reported a net income of 151.50M and revenue of 1.44B, resulting in a net margin of 10.5%.
NI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NiSource Inc. reported a net income of 507.10M and revenue of 2.36B, resulting in a net margin of 21.5%.
Frequently Asked Questions
EVRG and NI have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NI has higher volatility (5.69%) compared to EVRG (5.05%). In terms of maximum drawdown, EVRG dropped -38.79% vs NI's -65.73%.
EVRG currently has the higher Sharpe Ratio (1.81 vs 1.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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