AMZN vs ED: Correlation
Measured on weekly returns over the past three years, Amazon (AMZN) and Consolidated Edison (ED) carry a correlation of -0.37, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMZN and ED?
On 3 years of weekly data the AMZN/ED correlation comes out at -0.37, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.44) sits close to the 3-year figure. The 5-year figure is -0.13, and annualized covariance runs at -188.4 %².
Among the 38 assets we track against AMZN, ED sits near the bottom by co-movement, at rank #35. Their 12-month results are close: +11.8% for AMZN against +10.2% for ED. This link changes with the market regime, having swung between -0.49 and 0.06 on a rolling one-year basis. Risk is not evenly split, since AMZN carries 1.9 times the volatility of the other side.
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.
AMZN vs ED: side by side
| AMZN (Amazon) | ED (Consolidated Edison) | |
|---|---|---|
| 1-year return | +11.8% | +10.2% |
| 5-year return | +49.8% | +67.5% |
| Volatility (ann.) | 31.0% | 16.5% |
| Beta vs S&P 500 | 1.48 | -0.21 |
| Max drawdown (3Y) | -30.9% | -17.4% |
| Market cap | $2,764.1B | $39.5B |
| P/E (trailing) | 20.9 | 17.5 |
| Dividend yield | 0.00% | 3.22% |
| Sector / category | Consumer Discretionary | Utilities |
Year-by-year returns
| Year | AMZN | ED |
|---|---|---|
| 2022 | -49.6% | +15.7% |
| 2023 | +80.9% | -1.1% |
| 2024 | +44.4% | +1.5% |
| 2025 | +5.2% | +15.1% |
| 2026 | +11.0% | +10.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMZN and ED good diversifiers for each other?
By historical standards, yes. A correlation of -0.37 means the two rarely move for the same reasons.
FAQ
What is the correlation between AMZN and ED?
Using weekly returns as of 2026-08-27: -0.37 over 3 years, with -0.44 over the last year and -0.13 over 5 years.
Is ED a good diversifier for AMZN?
By historical standards, yes. A correlation of -0.37 means the two rarely move for the same reasons.
What does a correlation of -0.37 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/amzn-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: AMZN correlations · ED correlations
