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 0.35, 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
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Key characteristics
ED:
0.67
SPY:
0.66
ED:
1.04
SPY:
1.08
ED:
1.12
SPY:
1.16
ED:
0.74
SPY:
0.72
ED:
1.75
SPY:
2.78
ED:
7.35%
SPY:
4.88%
ED:
20.18%
SPY:
20.26%
ED:
-74.03%
SPY:
-55.19%
ED:
-5.90%
SPY:
-2.99%
Returns By Period
In the year-to-date period, ED achieves a 20.55% return, which is significantly higher than SPY's 1.46% return. Over the past 10 years, ED has underperformed SPY with an annualized return of 9.54%, while SPY has yielded a comparatively higher 12.71% annualized return.
ED
20.55%
-4.90%
10.93%
13.34%
6.98%
12.65%
9.54%
SPY
1.46%
12.62%
1.07%
13.27%
16.71%
16.68%
12.71%
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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.
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Dividends
ED vs. SPY - Dividend Comparison
ED's dividend yield for the trailing twelve months is around 3.18%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ED Consolidated Edison, Inc. | 3.18% | 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 | 1.21% | 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 -74.03%, 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.
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Volatility
ED vs. SPY - Volatility Comparison
Consolidated Edison, Inc. (ED) has a higher volatility of 7.96% compared to SPDR S&P 500 ETF (SPY) at 4.66%. 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.
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