ED vs. T

Last updated Jun 9, 2026

ED (Consolidated Edison, Inc.) and T (AT&T Inc.) are both stocks. ED operates in Utilities - Regulated Electric (Utilities), while T operates in Telecom Services (Communication Services). Over the past 10 years, ED returned 6.82%/yr vs 2.86%/yr for T. At a 0.34 correlation, their price movements are largely independent.

Performance

ED vs. T - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Consolidated Edison, Inc. (ED) and AT&T Inc. (T). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ED achieves a 6.73% return, which is significantly higher than T's -7.40% return. Over the past 10 years, ED has outperformed T with an annualized return of 6.82%, while T has yielded a comparatively lower 2.86% 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%

T

• 1D: -1.10%
• 1M: -10.57%
• YTD: -7.40%
• 6M: -7.40%
• 1Y: -16.38%
• 3Y*: 18.39%
• 5Y*: 6.60%
• 10Y*: 2.86%

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

ED vs. T - 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%
T AT&T Inc.	-7.40%	13.97%	44.08%	-2.74%	5.76%	-8.09%	-21.37%	45.55%	-22.25%	-4.01%

Correlation

The correlation between ED and T is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (10Y) Calculated over the trailing 10-year period	0.34
Correlation (All Time) Calculated using the full available price history since Jul 19, 1984	0.34

Fundamentals

EPS ED : $5.94 T : $3.04
PE Ratio ED : 17.55 T : 7.39
PEG Ratio ED : 1.25 T : 0.31
PS Ratio ED : 2.20 T : 1.29
Total Revenue (TTM) ED : $17.22B T : $125.65B
Gross Profit (TTM) ED : $11.62B T : $105.41B
EBITDA (TTM) ED : $8.47B T : $54.70B

Return for Risk

ED vs. T — Risk / Return Rank

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

ED

ED Risk / Return Rank: 52
ED Sharpe Ratio Rank: 55
ED Sortino Ratio Rank: 47
ED Omega Ratio Rank: 44
ED Calmar Ratio Rank: 56
ED Martin Ratio Rank: 56

T

T Risk / Return Rank: 11
T Sharpe Ratio Rank: 11
T Sortino Ratio Rank: 12
T Omega Ratio Rank: 13
T Calmar Ratio Rank: 14
T Martin Ratio Rank: 4

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. T - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Consolidated Edison, Inc. (ED) and AT&T Inc. (T). 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	T	Difference
Sharpe ratio: Return per unit of total volatility	0.37	-0.75	+1.12
Sortino ratio: Return per unit of downside risk	0.62	-0.98	+1.60
Omega ratio: Gain probability vs. loss probability	1.07	0.89	+0.18
Calmar ratio: Return relative to maximum drawdown	0.63	-0.75	+1.38
Martin ratio: Return relative to average drawdown	1.35	-1.59	+2.93
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. T - Sharpe Ratio Comparison

The current ED Sharpe Ratio is 0.37, which is higher than the T Sharpe Ratio of -0.75. The chart below compares the historical Sharpe Ratios of ED and T, 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	T	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.37	-0.75	+1.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.28	+0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	0.12	+0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.38	-0.01

Drawdowns

ED vs. T - Drawdown Comparison

The maximum ED drawdown since its inception was -78.90%, which is greater than T's maximum drawdown of -64.15%. Use the drawdown chart below to compare losses from any high point for ED and T.

Drawdown Indicators

	ED	T	Difference
Max Drawdown Largest peak-to-trough decline	-78.90%	-64.15%	-14.75%
Max Drawdown (1Y) Largest decline over 1 year	-9.63%	-21.87%	+12.24%
Max Drawdown (3Y) Largest decline over 3 years	-17.36%	-21.87%	+4.51%
Max Drawdown (5Y) Largest decline over 5 years	-22.03%	-32.01%	+9.98%
Max Drawdown (10Y) Largest decline over 10 years	-30.91%	-42.35%	+11.44%
Current Drawdown Current decline from peak	-8.90%	-21.87%	+12.97%
Average Drawdown Average peak-to-trough decline	-13.24%	-15.72%	+2.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.52%	10.34%	-5.82%

Volatility

ED vs. T - Volatility Comparison

The current volatility for Consolidated Edison, Inc. (ED) is 5.44%, while AT&T Inc. (T) has a volatility of 7.50%. This indicates that ED experiences smaller price fluctuations and is considered to be less risky than T based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ED	T	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.44%	7.50%	-2.06%
Volatility (6M) Calculated over the trailing 6-month period	12.12%	17.57%	-5.45%
Volatility (1Y) Calculated over the trailing 1-year period	16.55%	21.98%	-5.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.77%	23.97%	-5.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.01%	23.71%	-2.70%

Dividends

ED vs. T - Dividend Comparison

ED's dividend yield for the trailing twelve months is around 3.33%, less than T's 4.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
T AT&T Inc.	4.93%	4.47%	4.87%	6.62%	6.66%	8.46%	7.23%	5.22%	7.01%	5.04%	4.51%	5.46%

Financials

Frequently Asked Questions

Can I hold both ED and T in my portfolio?

ED and T have a correlation of 0.32, 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 T?

T has higher volatility (7.50%) compared to ED (5.44%). In terms of maximum drawdown, ED dropped -78.90% vs T's -64.15%.

Which has better risk-adjusted returns?

ED currently has the higher Sharpe Ratio (0.37 vs -0.75), 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.