ED vs. FTS
ED (Consolidated Edison, Inc.) and FTS (Fortis Inc) are both stocks. Both operate in the Utilities - Regulated Electric industry within the Utilities sector. Over the past 10 years, ED returned 7.01%/yr vs 10.07%/yr for FTS. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
ED vs. FTS - Performance Comparison
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Returns By Period
In the year-to-date period, ED achieves a 10.24% return, which is significantly lower than FTS's 11.40% return. Over the past 10 years, ED has underperformed FTS with an annualized return of 7.01%, while FTS has yielded a comparatively higher 10.07% annualized return.
ED
- 1D
- 0.84%
- 1M
- 1.49%
- YTD
- 10.24%
- 6M
- 12.27%
- 1Y
- 7.29%
- 3Y*
- 9.08%
- 5Y*
- 10.68%
- 10Y*
- 7.01%
FTS
- 1D
- 0.87%
- 1M
- 2.11%
- YTD
- 11.40%
- 6M
- 13.52%
- 1Y
- 22.71%
- 3Y*
- 14.70%
- 5Y*
- 8.43%
- 10Y*
- 10.07%
ED vs. FTS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ED Consolidated Edison, Inc. | 10.24% | 15.15% | 1.55% | -1.12% | 15.65% | 22.96% | -16.99% | 22.54% | -6.62% | 19.30% |
FTS Fortis Inc | 11.40% | 29.62% | 5.81% | 7.38% | -13.69% | 22.73% | 1.91% | 29.00% | -5.86% | 24.45% |
Correlation
The correlation between ED and FTS is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.51 |
Over the past year, ED and FTS have become more correlated (0.74) than their long-term average of 0.51, meaning their price movements have been converging.
Fundamentals
ED:
$39.26B
FTS:
$28.94B
ED:
$5.94
FTS:
CA$3.40
ED:
18.13
FTS:
23.41
ED:
1.29
FTS:
3.41
ED:
2.27
FTS:
3.45
ED:
1.67
FTS:
1.77
ED:
$17.22B
FTS:
CA$12.22B
ED:
$11.62B
FTS:
CA$7.44B
ED:
$8.47B
FTS:
CA$5.80B
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Return for Risk
ED vs. FTS — Risk / Return Rank
ED
FTS
ED vs. FTS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Consolidated Edison, Inc. (ED) and Fortis Inc (FTS). 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.
| ED | FTS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.30 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 3.66 | -2.90 |
| Martin ratioReturn relative to average drawdown | 1.59 | 9.05 | -7.46 |
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Drawdowns
ED vs. FTS - Drawdown Comparison
The maximum ED drawdown since its inception was -78.90%, which is greater than FTS's maximum drawdown of -34.36%. Use the drawdown chart below to compare losses from any high point for ED and FTS.
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Drawdown Indicators
| ED | FTS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.90% | -34.36% | -44.54% |
Max Drawdown (1Y)Largest decline over 1 year | -9.63% | -6.23% | -3.40% |
Max Drawdown (3Y)Largest decline over 3 years | -17.36% | -14.46% | -2.90% |
Max Drawdown (5Y)Largest decline over 5 years | -22.03% | -29.96% | +7.93% |
Max Drawdown (10Y)Largest decline over 10 years | -30.91% | -34.36% | +3.45% |
Current DrawdownCurrent decline from peak | -5.91% | -2.01% | -3.90% |
Average DrawdownAverage peak-to-trough decline | -13.24% | -6.83% | -6.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.59% | 2.52% | +2.07% |
Volatility
ED vs. FTS - Volatility Comparison
Consolidated Edison, Inc. (ED) has a higher volatility of 5.98% compared to Fortis Inc (FTS) at 4.93%. This indicates that ED's price experiences larger fluctuations and is considered to be riskier than FTS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ED | FTS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.98% | 4.93% | +1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 12.27% | 10.55% | +1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.65% | 13.48% | +3.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.79% | 16.31% | +2.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.01% | 18.94% | +2.07% |
Dividends
ED vs. FTS - Dividend Comparison
ED's dividend yield for the trailing twelve months is around 3.23%, which matches FTS's 3.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ED Consolidated Edison, Inc. | 3.23% | 3.42% | 3.72% | 3.56% | 3.32% | 3.63% | 4.23% | 3.27% | 3.74% | 3.25% | 3.64% | 4.05% |
FTS Fortis Inc | 3.23% | 3.42% | 4.62% | 4.50% | 4.48% | 3.40% | 3.54% | 3.31% | 3.35% | 4.43% | 4.94% | 0.00% |
Financials
ED vs. FTS - Financials Comparison
This section allows you to compare key financial metrics between Consolidated Edison, Inc. and Fortis 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
ED vs. FTS - 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%.
FTS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Fortis Inc reported a gross profit of 935.41M and revenue of 3.39B. Therefore, the gross margin over that period was 27.6%.
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%.
FTS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Fortis Inc reported an operating income of 935.41M and revenue of 3.39B, resulting in an operating margin of 27.6%.
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%.
FTS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Fortis Inc reported a net income of 524.35M and revenue of 3.39B, resulting in a net margin of 15.5%.
Frequently Asked Questions
ED and FTS have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ED has higher volatility (5.98%) compared to FTS (4.93%). In terms of maximum drawdown, ED dropped -78.90% vs FTS's -34.36%.
FTS currently has the higher Sharpe Ratio (1.70 vs 0.44), 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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