T vs. ED

Last updated Jun 9, 2026

T (AT&T Inc.) and ED (Consolidated Edison, Inc.) are both stocks. T operates in Telecom Services (Communication Services), while ED operates in Utilities - Regulated Electric (Utilities). Over the past 10 years, T returned 2.86%/yr vs 6.82%/yr for ED. At a 0.34 correlation, their price movements are largely independent.

Performance

T vs. ED - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AT&T Inc. (T) and Consolidated Edison, Inc. (ED). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, T achieves a -7.40% return, which is significantly lower than ED's 6.73% return. Over the past 10 years, T has underperformed ED with an annualized return of 2.86%, while ED has yielded a comparatively higher 6.82% annualized return.

T

• 1D: -1.10%
• 1M: -10.57%
• YTD: -7.40%
• 6M: -7.40%
• 1Y: -16.38%
• 3Y*: 18.39%
• 5Y*: 6.60%
• 10Y*: 2.86%

ED

• 1D: -1.84%
• 1M: -1.06%
• YTD: 6.73%
• 6M: 11.06%
• 1Y: 6.07%
• 3Y*: 7.34%
• 5Y*: 10.07%
• 10Y*: 6.82%

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

T vs. ED - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
T AT&T Inc.	-7.40%	13.97%	44.08%	-2.74%	5.76%	-8.09%	-21.37%	45.55%	-22.25%	-4.01%
ED Consolidated Edison, Inc.	6.73%	15.15%	1.55%	-1.12%	15.65%	22.96%	-16.99%	22.54%	-6.62%	19.30%

Correlation

The correlation between T and ED is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (10Y) Calculated over the trailing 10-year period	0.34
Correlation (All Time) Calculated using the full available price history since Jul 19, 1984	0.34

Fundamentals

EPS T : $3.04 ED : $5.94
PE Ratio T : 7.39 ED : 17.55
PEG Ratio T : 0.31 ED : 1.25
PS Ratio T : 1.29 ED : 2.20
Total Revenue (TTM) T : $125.65B ED : $17.22B
Gross Profit (TTM) T : $105.41B ED : $11.62B
EBITDA (TTM) T : $54.70B ED : $8.47B

Return for Risk

T vs. ED — Risk / Return Rank

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

T

T Risk / Return Rank: 11
T Sharpe Ratio Rank: 11
T Sortino Ratio Rank: 12
T Omega Ratio Rank: 13
T Calmar Ratio Rank: 14
T Martin Ratio Rank: 4

ED

ED Risk / Return Rank: 52
ED Sharpe Ratio Rank: 55
ED Sortino Ratio Rank: 47
ED Omega Ratio Rank: 44
ED Calmar Ratio Rank: 56
ED Martin Ratio Rank: 56

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.

T vs. ED - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AT&T Inc. (T) 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.

	T	ED	Difference
Sharpe ratio: Return per unit of total volatility	-0.75	0.37	-1.12
Sortino ratio: Return per unit of downside risk	-0.98	0.62	-1.60
Omega ratio: Gain probability vs. loss probability	0.89	1.07	-0.18
Calmar ratio: Return relative to maximum drawdown	-0.75	0.63	-1.38
Martin ratio: Return relative to average drawdown	-1.59	1.35	-2.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

T vs. ED - Sharpe Ratio Comparison

The current T Sharpe Ratio is -0.75, which is lower than the ED Sharpe Ratio of 0.37. The chart below compares the historical Sharpe Ratios of T and ED, 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

	T	ED	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.75	0.37	-1.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	0.54	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.12	0.33	-0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.37	+0.01

Drawdowns

T vs. ED - Drawdown Comparison

The maximum T drawdown since its inception was -64.15%, smaller than the maximum ED drawdown of -78.90%. Use the drawdown chart below to compare losses from any high point for T and ED.

Drawdown Indicators

	T	ED	Difference
Max Drawdown Largest peak-to-trough decline	-64.15%	-78.90%	+14.75%
Max Drawdown (1Y) Largest decline over 1 year	-21.87%	-9.63%	-12.24%
Max Drawdown (3Y) Largest decline over 3 years	-21.87%	-17.36%	-4.51%
Max Drawdown (5Y) Largest decline over 5 years	-32.01%	-22.03%	-9.98%
Max Drawdown (10Y) Largest decline over 10 years	-42.35%	-30.91%	-11.44%
Current Drawdown Current decline from peak	-21.87%	-8.90%	-12.97%
Average Drawdown Average peak-to-trough decline	-15.72%	-13.24%	-2.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.34%	4.52%	+5.82%

Volatility

T vs. ED - Volatility Comparison

AT&T Inc. (T) has a higher volatility of 7.50% compared to Consolidated Edison, Inc. (ED) at 5.44%. This indicates that T'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.

Volatility by Period

	T	ED	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.50%	5.44%	+2.06%
Volatility (6M) Calculated over the trailing 6-month period	17.57%	12.12%	+5.45%
Volatility (1Y) Calculated over the trailing 1-year period	21.98%	16.55%	+5.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.97%	18.77%	+5.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.71%	21.01%	+2.70%

Dividends

T vs. ED - Dividend Comparison

T's dividend yield for the trailing twelve months is around 4.93%, more than ED's 3.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ED Consolidated Edison, Inc.	3.33%	3.42%	3.72%	3.56%	3.32%	3.63%	4.23%	3.27%	3.74%	3.25%	3.64%	4.05%
T AT&T Inc.	4.93%	4.47%	4.87%	6.62%	6.66%	8.46%	7.23%	5.22%	7.01%	5.04%	4.51%	5.46%

Financials

Frequently Asked Questions

Can I hold both T and ED in my portfolio?

T and ED have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, T or ED?

T has higher volatility (7.50%) compared to ED (5.44%). In terms of maximum drawdown, T dropped -64.15% vs ED's -78.90%.

Which has better risk-adjusted returns?

ED currently has the higher Sharpe Ratio (0.37 vs -0.75), 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.