ED vs. SPY
Compare and contrast key facts about Consolidated Edison, Inc. (ED) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ED or SPY.
Correlation
The correlation between ED and SPY is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ED vs. SPY - Performance Comparison
Key characteristics
ED:
0.68
SPY:
1.87
ED:
1.11
SPY:
2.52
ED:
1.13
SPY:
1.35
ED:
0.68
SPY:
2.81
ED:
1.65
SPY:
11.69
ED:
7.10%
SPY:
2.02%
ED:
17.16%
SPY:
12.65%
ED:
-74.02%
SPY:
-55.19%
ED:
-9.74%
SPY:
0.00%
Returns By Period
In the year-to-date period, ED achieves a 7.71% return, which is significantly higher than SPY's 4.58% return. Over the past 10 years, ED has underperformed SPY with an annualized return of 8.00%, while SPY has yielded a comparatively higher 13.23% annualized return.
ED
7.71%
2.63%
-3.46%
12.56%
4.92%
8.00%
SPY
4.58%
2.57%
10.04%
24.97%
14.73%
13.23%
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Risk-Adjusted Performance
ED vs. SPY — Risk-Adjusted Performance Rank
ED
SPY
ED vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Consolidated Edison, Inc. (ED) and SPDR S&P 500 ETF (SPY). 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.
Dividends
ED vs. SPY - Dividend Comparison
ED's dividend yield for the trailing twelve months is around 3.51%, more than SPY's 1.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ED Consolidated Edison, Inc. | 3.51% | 3.72% | 3.56% | 3.32% | 3.63% | 4.23% | 3.27% | 3.74% | 3.25% | 3.64% | 4.05% | 3.82% |
SPY SPDR S&P 500 ETF | 1.15% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
ED vs. SPY - Drawdown Comparison
The maximum ED drawdown since its inception was -74.02%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ED and SPY. For additional features, visit the drawdowns tool.
Volatility
ED vs. SPY - Volatility Comparison
Consolidated Edison, Inc. (ED) has a higher volatility of 7.08% compared to SPDR S&P 500 ETF (SPY) at 3.00%. This indicates that ED's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.