ED vs. AJG
ED (Consolidated Edison, Inc.) and AJG (Arthur J. Gallagher & Co.) are both stocks. ED operates in Utilities - Regulated Electric (Utilities), while AJG operates in Insurance Brokers (Financial Services). Over the past 10 years, ED returned 6.82%/yr vs 17.92%/yr for AJG. At a 0.20 correlation, their price movements are largely independent.
Performance
ED vs. AJG - Performance Comparison
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Returns By Period
In the year-to-date period, ED achieves a 6.73% return, which is significantly higher than AJG's -17.35% return. Over the past 10 years, ED has underperformed AJG with an annualized return of 6.82%, while AJG has yielded a comparatively higher 17.92% annualized return.
ED
- 1D
- -1.84%
- 1M
- -1.06%
- YTD
- 6.73%
- 6M
- 11.06%
- 1Y
- 6.07%
- 3Y*
- 7.34%
- 5Y*
- 10.07%
- 10Y*
- 6.82%
AJG
- 1D
- -1.67%
- 1M
- 7.22%
- YTD
- -17.35%
- 6M
- -10.08%
- 1Y
- -34.63%
- 3Y*
- 1.87%
- 5Y*
- 9.17%
- 10Y*
- 17.92%
ED vs. AJG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ED Consolidated Edison, Inc. | 6.73% | 15.15% | 1.55% | -1.12% | 15.65% | 22.96% | -16.99% | 22.54% | -6.62% | 19.30% |
AJG Arthur J. Gallagher & Co. | -17.35% | -8.03% | 27.34% | 20.51% | 12.44% | 39.02% | 32.12% | 31.79% | 19.19% | 25.04% |
Correlation
The correlation between ED and AJG is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 1984 | 0.20 |
The correlation between ED and AJG shifts across timeframes, from 0.20 (all time) to 0.33 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ED:
$5.94
AJG:
$5.74
ED:
17.55
AJG:
37.04
ED:
1.25
AJG:
3.84
ED:
2.20
AJG:
3.97
ED:
$17.22B
AJG:
$13.94B
ED:
$11.62B
AJG:
$7.63B
ED:
$8.47B
AJG:
$3.66B
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Return for Risk
ED vs. AJG — Risk / Return Rank
ED
AJG
ED vs. AJG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Consolidated Edison, Inc. (ED) and Arthur J. Gallagher & Co. (AJG). 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.
| ED | AJG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.61 | ||
| Sortino ratioReturn per unit of downside risk | +2.34 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 0.78 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | -0.85 | +1.49 |
| Martin ratioReturn relative to average drawdown | 1.35 | -1.47 | +2.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ED | AJG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | -1.25 | +1.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.40 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 0.78 | -0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.47 | -0.11 |
Drawdowns
ED vs. AJG - Drawdown Comparison
The maximum ED drawdown since its inception was -78.90%, which is greater than AJG's maximum drawdown of -57.49%. Use the drawdown chart below to compare losses from any high point for ED and AJG.
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Drawdown Indicators
| ED | AJG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.90% | -57.49% | -21.41% |
Max Drawdown (1Y)Largest decline over 1 year | -9.63% | -40.64% | +31.01% |
Max Drawdown (3Y)Largest decline over 3 years | -17.36% | -44.40% | +27.04% |
Max Drawdown (5Y)Largest decline over 5 years | -22.03% | -44.40% | +22.37% |
Max Drawdown (10Y)Largest decline over 10 years | -30.91% | -44.40% | +13.49% |
Current DrawdownCurrent decline from peak | -8.90% | -38.26% | +29.36% |
Average DrawdownAverage peak-to-trough decline | -13.24% | -12.83% | -0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.52% | 24.06% | -19.54% |
Volatility
ED vs. AJG - Volatility Comparison
The current volatility for Consolidated Edison, Inc. (ED) is 5.44%, while Arthur J. Gallagher & Co. (AJG) has a volatility of 8.97%. This indicates that ED experiences smaller price fluctuations and is considered to be less risky than AJG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ED | AJG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 8.97% | -3.53% |
Volatility (6M)Calculated over the trailing 6-month period | 12.12% | 22.42% | -10.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.55% | 27.95% | -11.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.77% | 22.96% | -4.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.01% | 23.08% | -2.07% |
Dividends
ED vs. AJG - Dividend Comparison
ED's dividend yield for the trailing twelve months is around 3.33%, more than AJG's 1.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AJG Arthur J. Gallagher & Co. | 1.27% | 1.00% | 0.85% | 0.98% | 1.08% | 1.13% | 1.46% | 1.81% | 2.23% | 2.47% | 2.93% | 3.62% |
ED Consolidated Edison, Inc. | 3.33% | 3.42% | 3.72% | 3.56% | 3.32% | 3.63% | 4.23% | 3.27% | 3.74% | 3.25% | 3.64% | 4.05% |
Financials
ED vs. AJG - Financials Comparison
This section allows you to compare key financial metrics between Consolidated Edison, Inc. and Arthur J. Gallagher & Co.. 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
ED vs. AJG - Profitability Comparison
ED - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Consolidated Edison, Inc. reported a gross profit of 4.15B and revenue of 5.10B. Therefore, the gross margin over that period was 81.5%.
AJG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Arthur J. Gallagher & Co. reported a gross profit of 1.42B and revenue of 3.63B. Therefore, the gross margin over that period was 39.1%.
ED - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Consolidated Edison, Inc. reported an operating income of 1.18B and revenue of 5.10B, resulting in an operating margin of 23.1%.
AJG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Arthur J. Gallagher & Co. reported an operating income of 341.00M and revenue of 3.63B, resulting in an operating margin of 9.4%.
ED - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Consolidated Edison, Inc. reported a net income of 924.00M and revenue of 5.10B, resulting in a net margin of 18.1%.
AJG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Arthur J. Gallagher & Co. reported a net income of 151.00M and revenue of 3.63B, resulting in a net margin of 4.2%.
Frequently Asked Questions
ED and AJG have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AJG has higher volatility (8.97%) compared to ED (5.44%). In terms of maximum drawdown, ED dropped -78.90% vs AJG's -57.49%.
ED currently has the higher Sharpe Ratio (0.37 vs -1.25), 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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