ED vs. PEG

Last updated Jun 3, 2026

ED (Consolidated Edison, Inc.) and PEG (Public Service Enterprise Group Incorporated) are both stocks. Both are in the Utilities sector — ED in Utilities - Regulated Electric, PEG in Utilities - Diversified. Over the past 10 years, ED returned 7.02%/yr vs 9.31%/yr for PEG. A 0.56 correlation means they provide meaningful diversification when combined.

Performance

ED vs. PEG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Consolidated Edison, Inc. (ED) and Public Service Enterprise Group Incorporated (PEG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ED achieves a 6.20% return, which is significantly higher than PEG's -1.68% return. Over the past 10 years, ED has underperformed PEG with an annualized return of 7.02%, while PEG has yielded a comparatively higher 9.31% annualized return.

ED

• 1D: 0.18%
• 1M: -5.28%
• YTD: 6.20%
• 6M: 8.89%
• 1Y: 3.25%
• 3Y*: 7.83%
• 5Y*: 9.85%
• 10Y*: 7.02%

PEG

• 1D: 2.15%
• 1M: -2.28%
• YTD: -1.68%
• 6M: -1.36%
• 1Y: -1.29%
• 3Y*: 12.32%
• 5Y*: 8.43%
• 10Y*: 9.31%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ED vs. PEG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ED Consolidated Edison, Inc.	6.20%	15.15%	1.55%	-1.12%	15.65%	22.96%	-16.99%	22.54%	-6.62%	19.30%
PEG Public Service Enterprise Group Incorporated	-1.68%	-1.89%	42.63%	3.62%	-5.09%	18.34%	2.37%	17.09%	4.68%	21.77%

Correlation

The correlation between ED and PEG is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.66
Correlation (All Time) Calculated using the full available price history since Jan 3, 1980	0.56

The correlation between ED and PEG shifts across timeframes, from 0.46 (1 year) to 0.66 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS ED : $5.94 PEG : $6.03
PE Ratio ED : 17.46 PEG : 13.00
PEG Ratio ED : 1.24 PEG : 0.57
PS Ratio ED : 2.19 PEG : 2.30
Total Revenue (TTM) ED : $17.22B PEG : $12.79B
Gross Profit (TTM) ED : $11.62B PEG : $10.19B
EBITDA (TTM) ED : $8.47B PEG : $4.20B

Return for Risk

ED vs. PEG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ED

ED Risk / Return Rank: 43
ED Sharpe Ratio Rank: 47
ED Sortino Ratio Rank: 38
ED Omega Ratio Rank: 37
ED Calmar Ratio Rank: 47
ED Martin Ratio Rank: 47

PEG

PEG Risk / Return Rank: 35
PEG Sharpe Ratio Rank: 37
PEG Sortino Ratio Rank: 31
PEG Omega Ratio Rank: 30
PEG Calmar Ratio Rank: 39
PEG Martin Ratio Rank: 39

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ED vs. PEG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Consolidated Edison, Inc. (ED) and Public Service Enterprise Group Incorporated (PEG). 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	PEG	Difference
Sharpe ratio Return per unit of total volatility	0.20	-0.07	+0.27
Sortino ratio Return per unit of downside risk	0.39	0.03	+0.36
Omega ratio Gain probability vs. loss probability	1.04	1.00	+0.04
Calmar ratio Return relative to maximum drawdown	0.28	-0.02	+0.29
Martin ratio Return relative to average drawdown	0.60	-0.03	+0.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ED vs. PEG - Sharpe Ratio Comparison

The current ED Sharpe Ratio is 0.20, which is higher than the PEG Sharpe Ratio of -0.07. The chart below compares the historical Sharpe Ratios of ED and PEG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ED	PEG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.20	-0.07	+0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.42	+0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	0.43	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.45	-0.09

Drawdowns

ED vs. PEG - Drawdown Comparison

The maximum ED drawdown since its inception was -78.90%, which is greater than PEG's maximum drawdown of -54.32%. Use the drawdown chart below to compare losses from any high point for ED and PEG.

Drawdown Indicators

	ED	PEG	Difference
Max Drawdown Largest peak-to-trough decline	-78.90%	-54.32%	-24.58%
Max Drawdown (1Y) Largest decline over 1 year	-9.52%	-13.15%	+3.63%
Max Drawdown (3Y) Largest decline over 3 years	-17.36%	-17.17%	-0.19%
Max Drawdown (5Y) Largest decline over 5 years	-22.03%	-27.29%	+5.26%
Max Drawdown (10Y) Largest decline over 10 years	-30.91%	-40.78%	+9.87%
Current Drawdown Current decline from peak	-9.35%	-13.18%	+3.83%
Average Drawdown Average peak-to-trough decline	-13.24%	-11.16%	-2.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.39%	7.77%	-3.38%

Volatility

ED vs. PEG - Volatility Comparison

The current volatility for Consolidated Edison, Inc. (ED) is 5.04%, while Public Service Enterprise Group Incorporated (PEG) has a volatility of 5.64%. This indicates that ED experiences smaller price fluctuations and is considered to be less risky than PEG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ED	PEG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.04%	5.64%	-0.60%
Volatility (6M) Calculated over the trailing 6-month period	12.12%	13.66%	-1.54%
Volatility (1Y) Calculated over the trailing 1-year period	16.34%	18.74%	-2.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.74%	20.41%	-1.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.99%	21.95%	-0.96%

Dividends

ED vs. PEG - Dividend Comparison

ED's dividend yield for the trailing twelve months is around 3.35%, more than PEG's 3.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ED Consolidated Edison, Inc.	3.35%	3.42%	3.72%	3.56%	3.32%	3.63%	4.23%	3.27%	3.74%	3.25%	3.64%	4.05%
PEG Public Service Enterprise Group Incorporated	3.27%	3.14%	2.84%	3.73%	3.53%	3.06%	3.36%	3.18%	3.46%	3.34%	3.74%	4.03%

Financials

ED vs. PEG - Profitability Comparison

The chart below illustrates the profitability comparison between Consolidated Edison, Inc. and Public Service Enterprise Group Incorporated over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

PEG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Public Service Enterprise Group Incorporated reported a gross profit of 2.91B and revenue of 3.85B. Therefore, the gross margin over that period was 75.7%.

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%.

PEG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Public Service Enterprise Group Incorporated reported an operating income of 1.08B and revenue of 3.85B, resulting in an operating margin of 27.9%.

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%.

PEG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Public Service Enterprise Group Incorporated reported a net income of 741.00M and revenue of 3.85B, resulting in a net margin of 19.3%.

Frequently Asked Questions

Can I hold both ED and PEG in my portfolio?

ED and PEG have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ED or PEG?

PEG has higher volatility (5.64%) compared to ED (5.04%). In terms of maximum drawdown, ED dropped -78.90% vs PEG's -54.32%.

Which has better risk-adjusted returns?

ED currently has the higher Sharpe Ratio (0.20 vs -0.07), 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.