EIX vs. ERIC
EIX (Edison International) and ERIC (Telefonaktiebolaget LM Ericsson (publ)) are both stocks. EIX operates in Utilities - Regulated Electric (Utilities), while ERIC operates in Communication Equipment (Technology). Over the past 10 years, EIX returned 3.88%/yr vs 5.79%/yr for ERIC. Their 0.20 correlation means their historical movements had little consistent relationship.
Performance
EIX vs. ERIC - Performance Comparison
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Returns By Period
In the year-to-date period, EIX achieves a 27.03% return, which is significantly higher than ERIC's 3.11% return. Over the past 10 years, EIX has underperformed ERIC with an annualized return of 3.88%, while ERIC has yielded a comparatively higher 5.79% annualized return.
EIX
- 1D
- -6.81%
- 1M
- -1.88%
- 6M
- 20.64%
- YTD
- 27.03%
- 1Y
- 45.70%
- 3Y*
- 6.23%
- 5Y*
- 11.26%
- 10Y*
- 3.88%
- ALL TIME*
- 9.21%
ERIC
- 1D
- 0.41%
- 1M
- -9.08%
- 6M
- -7.87%
- YTD
- 3.11%
- 1Y
- 39.83%
- 3Y*
- 29.69%
- 5Y*
- 0.49%
- 10Y*
- 5.79%
- ALL TIME*
- 4.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $214.42M | $191.18M | $184.45M | |
| $143.89M | $174.55M | $138.11M |
EIX vs. ERIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EIX Edison International | 27.03% | -20.42% | 15.24% | 17.37% | -2.58% | 13.59% | -12.75% | 37.61% | -6.65% | -9.48% |
ERIC Telefonaktiebolaget LM Ericsson (publ) | 3.11% | 24.14% | 33.36% | 13.40% | -44.43% | -7.26% | 38.51% | 0.17% | 35.45% | 16.57% |
Correlation
The correlation between EIX and ERIC is 0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.05 |
Correlation (3Y) Balances recent behavior with more history. | 0.19 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.22 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.19 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 1989 | 0.20 |
The correlation between EIX and ERIC shifts across timeframes, from 0.05 (1 year) to 0.22 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
EIX:
$28.23B
ERIC:
$32.21B
EIX:
$10.02
ERIC:
SEK 7.34
EIX:
7.32
ERIC:
12.76
EIX:
0.09
ERIC:
0.00
EIX:
1.46
ERIC:
1.36
EIX:
1.62
ERIC:
3.00
EIX:
$19.42B
ERIC:
SEK 228.76B
EIX:
$5.60B
ERIC:
SEK 110.10B
EIX:
$6.80B
ERIC:
SEK 42.03B
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Return for Risk
EIX vs. ERIC — Risk / Return Rank
EIX
ERIC
EIX vs. ERIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Edison International (EIX) and Telefonaktiebolaget LM Ericsson (publ) (ERIC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EIX | ERIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.24 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.69 | 1.26 | +3.43 |
| Martin ratioReturn relative to average drawdown | 12.36 | 4.27 | +8.09 |
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Drawdowns
EIX vs. ERIC - Drawdown Comparison
The maximum EIX drawdown since its inception was -72.18%, smaller than the maximum ERIC drawdown of -98.59%. Use the drawdown chart below to compare losses from any high point for EIX and ERIC.
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Drawdown Indicators
| EIX | ERIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.18% | -98.59% | +26.41% |
Max Drawdown (1Y)Largest decline over 1 year | -10.39% | -32.24% | +21.85% |
Max Drawdown (3Y)Largest decline over 3 years | -43.88% | -32.24% | -11.64% |
Max Drawdown (5Y)Largest decline over 5 years | -43.88% | -62.82% | +18.94% |
Max Drawdown (10Y)Largest decline over 10 years | -43.88% | -66.59% | +22.71% |
Current DrawdownCurrent decline from peak | -8.72% | -86.03% | +77.31% |
Average DrawdownAverage peak-to-trough decline | -15.00% | -67.83% | +52.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.94% | 9.49% | -5.55% |
Volatility
EIX vs. ERIC - Volatility Comparison
The current volatility for Edison International (EIX) is 9.65%, while Telefonaktiebolaget LM Ericsson (publ) (ERIC) has a volatility of 17.37%. This indicates that EIX experiences smaller price fluctuations and is considered to be less risky than ERIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EIX | ERIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.65% | 17.37% | -7.72% |
Volatility (6M)Calculated over the trailing 6-month period | 18.43% | 28.56% | -10.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.97% | 38.91% | -13.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.54% | 35.12% | -9.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.20% | 35.43% | -7.23% |
Dividends
EIX vs. ERIC - Dividend Comparison
EIX's dividend yield for the trailing twelve months is around 4.72%, more than ERIC's 3.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIX Edison International | 4.72% | 5.51% | 2.93% | 4.19% | 4.46% | 3.94% | 4.10% | 3.28% | 4.28% | 3.53% | 2.75% | 2.93% |
ERIC Telefonaktiebolaget LM Ericsson (publ) | 3.19% | 3.04% | 3.22% | 4.07% | 4.22% | 2.15% | 1.36% | 1.24% | 1.42% | 1.67% | 5.14% | 5.30% |
Financials
EIX vs. ERIC - Financials Comparison
This section allows you to compare key financial metrics between Edison International and Telefonaktiebolaget LM Ericsson (publ). You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
EIX vs. ERIC - Profitability Comparison
EIX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Edison International reported a gross profit of 0.00 and revenue of 4.36B. Therefore, the gross margin over that period was 0.0%.
ERIC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Telefonaktiebolaget LM Ericsson (publ) reported a gross profit of 26.27B and revenue of 54.32B. Therefore, the gross margin over that period was 48.4%.
EIX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Edison International reported an operating income of 1.09B and revenue of 4.36B, resulting in an operating margin of 25.1%.
ERIC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Telefonaktiebolaget LM Ericsson (publ) reported an operating income of 6.69B and revenue of 54.32B, resulting in an operating margin of 12.3%.
EIX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Edison International reported a net income of 561.00M and revenue of 4.36B, resulting in a net margin of 12.9%.
ERIC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Telefonaktiebolaget LM Ericsson (publ) reported a net income of 4.17B and revenue of 54.32B, resulting in a net margin of 7.7%.
Frequently Asked Questions
EIX and ERIC have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ERIC has higher volatility (17.37%) compared to EIX (9.65%). In terms of maximum drawdown, EIX dropped -72.18% vs ERIC's -98.59%.
EIX currently has the higher Sharpe Ratio (1.95 vs 1.04), 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.
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