ERIC vs. EIX
ERIC (Telefonaktiebolaget LM Ericsson (publ)) and EIX (Edison International) are both stocks. ERIC operates in Communication Equipment (Technology), while EIX operates in Utilities - Regulated Electric (Utilities). Over the past 10 years, ERIC returned 7.09%/yr vs 4.04%/yr for EIX. At a 0.20 correlation, their price movements are largely independent.
Performance
ERIC vs. EIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ERIC achieves a 19.61% return, which is significantly lower than EIX's 24.80% return. Over the past 10 years, ERIC has outperformed EIX with an annualized return of 7.09%, while EIX has yielded a comparatively lower 4.04% annualized return.
ERIC
- 1D
- -2.90%
- 1M
- -15.70%
- YTD
- 19.61%
- 6M
- 19.24%
- 1Y
- 43.07%
- 3Y*
- 36.45%
- 5Y*
- 1.73%
- 10Y*
- 7.09%
EIX
- 1D
- 1.02%
- 1M
- 2.47%
- YTD
- 24.80%
- 6M
- 24.72%
- 1Y
- 54.05%
- 3Y*
- 7.66%
- 5Y*
- 10.81%
- 10Y*
- 4.04%
ERIC vs. EIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ERIC Telefonaktiebolaget LM Ericsson (publ) | 19.61% | 24.14% | 33.36% | 13.40% | -44.43% | -7.26% | 38.51% | 0.17% | 35.45% | 16.57% |
EIX Edison International | 24.80% | -20.42% | 15.24% | 17.37% | -2.58% | 13.59% | -12.75% | 37.61% | -6.65% | -9.48% |
Correlation
The correlation between ERIC and EIX is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 1989 | 0.20 |
Fundamentals
ERIC:
$38.04B
EIX:
$28.08B
ERIC:
SEK 7.42
EIX:
$9.61
ERIC:
14.76
EIX:
7.59
ERIC:
0.00
EIX:
0.09
ERIC:
1.59
EIX:
1.43
ERIC:
3.60
EIX:
1.63
ERIC:
SEK 229.49B
EIX:
$19.61B
ERIC:
SEK 110.27B
EIX:
$4.27B
ERIC:
SEK 46.17B
EIX:
$6.48B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ERIC vs. EIX — Risk / Return Rank
ERIC
EIX
ERIC vs. EIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Telefonaktiebolaget LM Ericsson (publ) (ERIC) and Edison International (EIX). 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.
| ERIC | EIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.36 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | 5.23 | -2.71 |
| Martin ratioReturn relative to average drawdown | 6.35 | 13.84 | -7.49 |
Loading charts...
Drawdowns
ERIC vs. EIX - Drawdown Comparison
The maximum ERIC drawdown since its inception was -98.59%, which is greater than EIX's maximum drawdown of -72.18%. Use the drawdown chart below to compare losses from any high point for ERIC and EIX.
Loading charts...
Drawdown Indicators
| ERIC | EIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.59% | -72.18% | -26.41% |
Max Drawdown (1Y)Largest decline over 1 year | -17.18% | -10.39% | -6.79% |
Max Drawdown (3Y)Largest decline over 3 years | -22.61% | -43.88% | +21.27% |
Max Drawdown (5Y)Largest decline over 5 years | -63.96% | -43.88% | -20.08% |
Max Drawdown (10Y)Largest decline over 10 years | -66.59% | -43.88% | -22.71% |
Current DrawdownCurrent decline from peak | -83.80% | -10.26% | -73.54% |
Average DrawdownAverage peak-to-trough decline | -67.78% | -15.02% | -52.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.80% | 3.92% | +2.88% |
Volatility
ERIC vs. EIX - Volatility Comparison
Telefonaktiebolaget LM Ericsson (publ) (ERIC) has a higher volatility of 14.61% compared to Edison International (EIX) at 6.58%. This indicates that ERIC's price experiences larger fluctuations and is considered to be riskier than EIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ERIC | EIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.61% | 6.58% | +8.03% |
Volatility (6M)Calculated over the trailing 6-month period | 25.52% | 17.07% | +8.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.73% | 24.05% | +12.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.72% | 25.43% | +9.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.21% | 28.09% | +7.12% |
Dividends
ERIC vs. EIX - Dividend Comparison
ERIC's dividend yield for the trailing twelve months is around 2.75%, less than EIX's 4.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIX Edison International | 4.68% | 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) | 2.75% | 3.04% | 3.22% | 4.07% | 4.22% | 2.15% | 1.36% | 1.24% | 1.42% | 1.67% | 5.14% | 5.30% |
Financials
ERIC vs. EIX - Financials Comparison
This section allows you to compare key financial metrics between Telefonaktiebolaget LM Ericsson (publ) and Edison International. 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
ERIC vs. EIX - Profitability Comparison
ERIC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Telefonaktiebolaget LM Ericsson (publ) reported a gross profit of 24.60B and revenue of 51.13B. Therefore, the gross margin over that period was 48.1%.
EIX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Edison International reported a gross profit of 0.00 and revenue of 4.10B. Therefore, the gross margin over that period was 0.0%.
ERIC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Telefonaktiebolaget LM Ericsson (publ) reported an operating income of 5.48B and revenue of 51.13B, resulting in an operating margin of 10.7%.
EIX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Edison International reported an operating income of 1.07B and revenue of 4.10B, resulting in an operating margin of 26.2%.
ERIC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Telefonaktiebolaget LM Ericsson (publ) reported a net income of 920.33M and revenue of 51.13B, resulting in a net margin of 1.8%.
EIX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Edison International reported a net income of 570.00M and revenue of 4.10B, resulting in a net margin of 13.9%.
Frequently Asked Questions
ERIC and EIX have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ERIC has higher volatility (14.61%) compared to EIX (6.58%). In terms of maximum drawdown, ERIC dropped -98.59% vs EIX's -72.18%.
EIX currently has the higher Sharpe Ratio (2.26 vs 1.18), 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.
Find the right allocation for ERIC and EIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer