EDN vs. CEPU

Last updated Jun 4, 2026

EDN (Empresa Distribuidora y Comercializadora Norte Sociedad Anónima) and CEPU (Central Puerto S.A.) are both stocks. Both operate in the Utilities - Regulated Electric industry within the Utilities sector. Over the past 5 years, EDN returned 44.10%/yr vs 45.85%/yr for CEPU. A 0.56 correlation means they provide meaningful diversification when combined.

Performance

EDN vs. CEPU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (EDN) and Central Puerto S.A. (CEPU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EDN achieves a -10.81% return, which is significantly higher than CEPU's -13.89% return.

EDN

• 1D: -2.73%
• 1M: 9.82%
• YTD: -10.81%
• 6M: -24.92%
• 1Y: -17.61%
• 3Y*: 35.67%
• 5Y*: 44.10%
• 10Y*: 5.61%

CEPU

• 1D: -4.32%
• 1M: 5.46%
• YTD: -13.89%
• 6M: -16.04%
• 1Y: 20.08%
• 3Y*: 34.83%
• 5Y*: 45.85%
• 10Y*: —

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

EDN vs. CEPU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
EDN Empresa Distribuidora y Comercializadora Norte Sociedad Anónima	-10.81%	-30.18%	121.53%	142.43%	50.75%	25.00%	-32.27%	-76.87%	-53.83%
CEPU Central Puerto S.A.	-13.89%	20.77%	60.75%	71.30%	95.14%	15.93%	-44.44%	-45.56%	-46.69%

Correlation

The correlation between EDN and CEPU is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since Feb 5, 2018	0.56

Over the past year, EDN and CEPU have become more correlated (0.78) than their long-term average of 0.56, meaning their price movements have been converging.

Fundamentals

Market Cap EDN : $1.17B CEPU : $2.27B
EPS EDN : $7.34K CEPU : $4.58K
PE Ratio EDN : 0.00 CEPU : 0.00
PEG Ratio EDN : 0.00 CEPU : 0.00
PS Ratio EDN : 0.00 CEPU : 0.00
PB Ratio EDN : 0.00 CEPU : 0.00
Total Revenue (TTM) EDN : $3.20T CEPU : $2.01T
Gross Profit (TTM) EDN : $785.01B CEPU : $701.24B
EBITDA (TTM) EDN : $981.10B CEPU : $855.91B

Return for Risk

EDN vs. CEPU — Risk / Return Rank

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

EDN

EDN Risk / Return Rank: 32
EDN Sharpe Ratio Rank: 32
EDN Sortino Ratio Rank: 36
EDN Omega Ratio Rank: 35
EDN Calmar Ratio Rank: 30
EDN Martin Ratio Rank: 28

CEPU

CEPU Risk / Return Rank: 53
CEPU Sharpe Ratio Rank: 52
CEPU Sortino Ratio Rank: 57
CEPU Omega Ratio Rank: 52
CEPU Calmar Ratio Rank: 52
CEPU Martin Ratio Rank: 54

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.

EDN vs. CEPU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (EDN) and Central Puerto S.A. (CEPU). 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.

	EDN	CEPU	Difference
Sharpe ratio Return per unit of total volatility	-0.22	0.30	-0.52
Sortino ratio Return per unit of downside risk	0.24	1.12	-0.88
Omega ratio Gain probability vs. loss probability	1.03	1.12	-0.09
Calmar ratio Return relative to maximum drawdown	-0.33	0.50	-0.83
Martin ratio Return relative to average drawdown	-0.69	1.20	-1.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EDN vs. CEPU - Sharpe Ratio Comparison

The current EDN Sharpe Ratio is -0.22, which is lower than the CEPU Sharpe Ratio of 0.30. The chart below compares the historical Sharpe Ratios of EDN and CEPU, 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

	EDN	CEPU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.22	0.30	-0.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.81	-0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.09	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	0.01	+0.03

Drawdowns

EDN vs. CEPU - Drawdown Comparison

The maximum EDN drawdown since its inception was -95.48%, which is greater than CEPU's maximum drawdown of -88.97%. Use the drawdown chart below to compare losses from any high point for EDN and CEPU.

Drawdown Indicators

	EDN	CEPU	Difference
Max Drawdown Largest peak-to-trough decline	-95.48%	-88.97%	-6.51%
Max Drawdown (1Y) Largest decline over 1 year	-53.34%	-40.74%	-12.60%
Max Drawdown (3Y) Largest decline over 3 years	-69.51%	-51.70%	-17.81%
Max Drawdown (5Y) Largest decline over 5 years	-69.51%	-51.70%	-17.81%
Max Drawdown (10Y) Largest decline over 10 years	-95.48%	—	—
Current Drawdown Current decline from peak	-57.28%	-16.04%	-41.24%
Average Drawdown Average peak-to-trough decline	-61.83%	-55.14%	-6.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.82%	16.80%	+9.02%

Volatility

EDN vs. CEPU - Volatility Comparison

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (EDN) has a higher volatility of 17.83% compared to Central Puerto S.A. (CEPU) at 16.59%. This indicates that EDN's price experiences larger fluctuations and is considered to be riskier than CEPU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EDN	CEPU	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.83%	16.59%	+1.24%
Volatility (6M) Calculated over the trailing 6-month period	38.87%	32.80%	+6.07%
Volatility (1Y) Calculated over the trailing 1-year period	80.44%	67.59%	+12.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.82%	57.25%	+11.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.90%	61.38%	+3.52%

Dividends

EDN vs. CEPU - Dividend Comparison

Neither EDN nor CEPU has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
CEPU Central Puerto S.A.	0.00%	0.00%	0.64%	8.91%	2.78%	0.00%	0.00%	2.44%	3.70%
EDN Empresa Distribuidora y Comercializadora Norte Sociedad Anónima	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

EDN vs. CEPU - Profitability Comparison

The chart below illustrates the profitability comparison between Empresa Distribuidora y Comercializadora Norte Sociedad Anónima and Central Puerto S.A. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

EDN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Empresa Distribuidora y Comercializadora Norte Sociedad Anónima reported a gross profit of 235.83B and revenue of 846.71B. Therefore, the gross margin over that period was 27.9%.

CEPU - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Central Puerto S.A. reported a gross profit of 415.00B and revenue of 1.16T. Therefore, the gross margin over that period was 35.7%.

EDN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Empresa Distribuidora y Comercializadora Norte Sociedad Anónima reported an operating income of 134.36B and revenue of 846.71B, resulting in an operating margin of 15.9%.

CEPU - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Central Puerto S.A. reported an operating income of 310.62B and revenue of 1.16T, resulting in an operating margin of 26.7%.

EDN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Empresa Distribuidora y Comercializadora Norte Sociedad Anónima reported a net income of 117.85B and revenue of 846.71B, resulting in a net margin of 13.9%.

CEPU - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Central Puerto S.A. reported a net income of 440.08B and revenue of 1.16T, resulting in a net margin of 37.8%.

Frequently Asked Questions

Can I hold both EDN and CEPU in my portfolio?

EDN and CEPU have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EDN or CEPU?

EDN has higher volatility (17.83%) compared to CEPU (16.59%). In terms of maximum drawdown, EDN dropped -95.48% vs CEPU's -88.97%.

Which has better risk-adjusted returns?

CEPU currently has the higher Sharpe Ratio (0.30 vs -0.22), 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.