ES vs. ED
ES (Eversource Energy) and ED (Consolidated Edison, Inc.) are both stocks. Both operate in the Utilities - Regulated Electric industry within the Utilities sector. Over the past 10 years, ES returned 5.44%/yr vs 7.01%/yr for ED. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
ES vs. ED - Performance Comparison
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Returns By Period
In the year-to-date period, ES achieves a 4.32% return, which is significantly lower than ED's 10.24% return. Over the past 10 years, ES has underperformed ED with an annualized return of 5.44%, while ED has yielded a comparatively higher 7.01% annualized return.
ES
- 1D
- 0.38%
- 1M
- 3.48%
- YTD
- 4.32%
- 6M
- 4.28%
- 1Y
- 10.16%
- 3Y*
- 4.00%
- 5Y*
- 0.24%
- 10Y*
- 5.44%
ED
- 1D
- 0.84%
- 1M
- 2.26%
- YTD
- 10.24%
- 6M
- 12.27%
- 1Y
- 7.08%
- 3Y*
- 9.08%
- 5Y*
- 10.68%
- 10Y*
- 7.01%
ES vs. ED - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ES Eversource Energy | 4.32% | 22.86% | -2.46% | -23.43% | -5.06% | 8.18% | 4.45% | 34.49% | 6.41% | 17.97% |
ED Consolidated Edison, Inc. | 10.24% | 15.15% | 1.55% | -1.12% | 15.65% | 22.96% | -16.99% | 22.54% | -6.62% | 19.30% |
Correlation
The correlation between ES and ED is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 1984 | 0.51 |
The correlation between ES and ED shifts across timeframes, from 0.51 (all time) to 0.73 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
ES:
$25.87B
ED:
$39.26B
ES:
$4.68
ED:
$5.94
ES:
14.67
ED:
18.13
ES:
0.83
ED:
1.29
ES:
1.84
ED:
2.27
ES:
0.00
ED:
1.67
ES:
$13.93B
ED:
$17.22B
ES:
$4.19B
ED:
$11.62B
ES:
$4.60B
ED:
$8.47B
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Return for Risk
ES vs. ED — Risk / Return Rank
ES
ED
ES vs. ED - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eversource Energy (ES) and Consolidated Edison, Inc. (ED). 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.
| ES | ED | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.08 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | 0.76 | -0.15 |
| Martin ratioReturn relative to average drawdown | 1.46 | 1.59 | -0.13 |
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Drawdowns
ES vs. ED - Drawdown Comparison
The maximum ES drawdown since its inception was -73.04%, smaller than the maximum ED drawdown of -78.90%. Use the drawdown chart below to compare losses from any high point for ES and ED.
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Drawdown Indicators
| ES | ED | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.04% | -78.90% | +5.86% |
Max Drawdown (1Y)Largest decline over 1 year | -15.13% | -9.63% | -5.50% |
Max Drawdown (3Y)Largest decline over 3 years | -28.65% | -17.36% | -11.29% |
Max Drawdown (5Y)Largest decline over 5 years | -41.69% | -22.03% | -19.66% |
Max Drawdown (10Y)Largest decline over 10 years | -41.69% | -30.91% | -10.78% |
Current DrawdownCurrent decline from peak | -13.32% | -5.91% | -7.41% |
Average DrawdownAverage peak-to-trough decline | -19.06% | -13.24% | -5.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.30% | 4.59% | +1.71% |
Volatility
ES vs. ED - Volatility Comparison
Eversource Energy (ES) has a higher volatility of 7.72% compared to Consolidated Edison, Inc. (ED) at 5.98%. This indicates that ES's price experiences larger fluctuations and is considered to be riskier than ED based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ES | ED | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.72% | 5.98% | +1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 16.00% | 12.27% | +3.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.68% | 16.65% | +8.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.94% | 18.79% | +5.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.35% | 21.01% | +3.34% |
Dividends
ES vs. ED - Dividend Comparison
ES's dividend yield for the trailing twelve months is around 4.48%, more than ED's 3.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ED Consolidated Edison, Inc. | 3.23% | 3.42% | 3.72% | 3.56% | 3.32% | 3.63% | 4.23% | 3.27% | 3.74% | 3.25% | 3.64% | 4.05% |
ES Eversource Energy | 4.48% | 4.47% | 4.98% | 4.37% | 3.04% | 2.65% | 2.62% | 2.52% | 3.11% | 3.01% | 3.22% | 3.27% |
Financials
ES vs. ED - Financials Comparison
This section allows you to compare key financial metrics between Eversource Energy and Consolidated Edison, Inc.. 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
Frequently Asked Questions
ES and ED have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ES has higher volatility (7.72%) compared to ED (5.98%). In terms of maximum drawdown, ES dropped -73.04% vs ED's -78.90%.
ED currently has the higher Sharpe Ratio (0.44 vs 0.37), 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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