AEE vs ED: Correlation
How closely do Ameren (AEE) and Consolidated Edison (ED) trade together? Their weekly returns over three years give a correlation of 0.71, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEE and ED?
Across a 3-year window, the weekly returns of AEE and ED correlate at 0.71, strong. The relationship has been stable: the 1-year correlation (0.79) sits close to the 3-year figure. Stretching to 5 years gives 0.79, with an annualized covariance of 208.4 %².
Among the 35 assets we track against AEE, ED ranks #17 by 3-year correlation. Neither side won the trailing year by much: +8.8% against +10.2%. On a rolling one-year basis the correlation drifted between 0.51 and 0.84, a moderate band.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AEE vs ED: side by side
| AEE (Ameren) | ED (Consolidated Edison) | |
|---|---|---|
| 1-year return | +8.8% | +10.2% |
| 5-year return | +39.7% | +67.5% |
| Volatility (ann.) | 17.8% | 16.5% |
| Beta vs S&P 500 | 0.10 | -0.21 |
| Max drawdown (3Y) | -16.5% | -17.4% |
| Market cap | $29.6B | $39.5B |
| P/E (trailing) | 19.0 | 17.5 |
| Dividend yield | 2.71% | 3.22% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | AEE | ED |
|---|---|---|
| 2022 | +2.5% | +15.7% |
| 2023 | -16.1% | -1.1% |
| 2024 | +27.5% | +1.5% |
| 2025 | +15.3% | +15.1% |
| 2026 | +8.4% | +10.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEE and ED good diversifiers for each other?
Only partially. A correlation of 0.71 means AEE and ED share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AEE and ED?
As of 2026-08-27, the correlation of weekly returns between AEE and ED is 0.71 over 3 years, 0.79 over 1 year and 0.79 over 5 years.
Is ED a good diversifier for AEE?
Only partially. A correlation of 0.71 means AEE and ED share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.71 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aee-vs-ed.json
Markdown for the live badge, attribution link included:
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AEE correlations · ED correlations
