FTS vs. ED
FTS (Fortis Inc) 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, FTS returned 10.07%/yr vs 7.01%/yr for ED. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
FTS vs. ED - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FTS achieves a 11.40% return, which is significantly higher than ED's 10.24% return. Over the past 10 years, FTS has outperformed ED with an annualized return of 10.07%, while ED has yielded a comparatively lower 7.01% annualized return.
FTS
- 1D
- 0.87%
- 1M
- 2.11%
- YTD
- 11.40%
- 6M
- 13.52%
- 1Y
- 22.71%
- 3Y*
- 14.70%
- 5Y*
- 8.43%
- 10Y*
- 10.07%
ED
- 1D
- 0.84%
- 1M
- 1.49%
- YTD
- 10.24%
- 6M
- 12.27%
- 1Y
- 7.29%
- 3Y*
- 9.08%
- 5Y*
- 10.68%
- 10Y*
- 7.01%
FTS vs. ED - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTS Fortis Inc | 11.40% | 29.62% | 5.81% | 7.38% | -13.69% | 22.73% | 1.91% | 29.00% | -5.86% | 24.45% |
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 FTS and ED is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.51 |
Over the past year, FTS and ED have become more correlated (0.74) than their long-term average of 0.51, meaning their price movements have been converging.
Fundamentals
FTS:
$28.94B
ED:
$39.26B
FTS:
CA$3.40
ED:
$5.94
FTS:
23.41
ED:
18.13
FTS:
3.41
ED:
1.29
FTS:
3.45
ED:
2.27
FTS:
1.77
ED:
1.67
FTS:
CA$12.22B
ED:
$17.22B
FTS:
CA$7.44B
ED:
$11.62B
FTS:
CA$5.80B
ED:
$8.47B
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
FTS vs. ED — Risk / Return Rank
FTS
ED
FTS vs. ED - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fortis Inc (FTS) 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.
| FTS | ED | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.26 | ||
| Sortino ratioReturn per unit of downside risk | +1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.08 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | 0.76 | +2.90 |
| Martin ratioReturn relative to average drawdown | 9.05 | 1.59 | +7.46 |
Loading charts...
Drawdowns
FTS vs. ED - Drawdown Comparison
The maximum FTS drawdown since its inception was -34.36%, smaller than the maximum ED drawdown of -78.90%. Use the drawdown chart below to compare losses from any high point for FTS and ED.
Loading charts...
Drawdown Indicators
| FTS | ED | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.36% | -78.90% | +44.54% |
Max Drawdown (1Y)Largest decline over 1 year | -6.23% | -9.63% | +3.40% |
Max Drawdown (3Y)Largest decline over 3 years | -14.46% | -17.36% | +2.90% |
Max Drawdown (5Y)Largest decline over 5 years | -29.96% | -22.03% | -7.93% |
Max Drawdown (10Y)Largest decline over 10 years | -34.36% | -30.91% | -3.45% |
Current DrawdownCurrent decline from peak | -2.01% | -5.91% | +3.90% |
Average DrawdownAverage peak-to-trough decline | -6.83% | -13.24% | +6.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 4.59% | -2.07% |
Volatility
FTS vs. ED - Volatility Comparison
The current volatility for Fortis Inc (FTS) is 4.93%, while Consolidated Edison, Inc. (ED) has a volatility of 5.98%. This indicates that FTS experiences smaller price fluctuations and is considered to be less risky than ED based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FTS | ED | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.93% | 5.98% | -1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 10.55% | 12.27% | -1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.48% | 16.65% | -3.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.31% | 18.79% | -2.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.94% | 21.01% | -2.07% |
Dividends
FTS vs. ED - Dividend Comparison
FTS's dividend yield for the trailing twelve months is around 3.23%, which matches 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% |
FTS Fortis Inc | 3.23% | 3.42% | 4.62% | 4.50% | 4.48% | 3.40% | 3.54% | 3.31% | 3.35% | 4.43% | 4.94% | 0.00% |
Financials
FTS vs. ED - Financials Comparison
This section allows you to compare key financial metrics between Fortis Inc 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
FTS vs. ED - Profitability Comparison
FTS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Fortis Inc reported a gross profit of 935.41M and revenue of 3.39B. Therefore, the gross margin over that period was 27.6%.
ED - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Consolidated Edison, Inc. reported a gross profit of 4.15B and revenue of 5.10B. Therefore, the gross margin over that period was 81.5%.
FTS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Fortis Inc reported an operating income of 935.41M and revenue of 3.39B, resulting in an operating margin of 27.6%.
ED - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Consolidated Edison, Inc. reported an operating income of 1.18B and revenue of 5.10B, resulting in an operating margin of 23.1%.
FTS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Fortis Inc reported a net income of 524.35M and revenue of 3.39B, resulting in a net margin of 15.5%.
ED - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Consolidated Edison, Inc. reported a net income of 924.00M and revenue of 5.10B, resulting in a net margin of 18.1%.
Frequently Asked Questions
FTS and ED have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ED has higher volatility (5.98%) compared to FTS (4.93%). In terms of maximum drawdown, FTS dropped -34.36% vs ED's -78.90%.
FTS currently has the higher Sharpe Ratio (1.70 vs 0.44), 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 FTS and ED
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