ARKK vs ED: Correlation
ARK Innovation ETF (ARKK) and Consolidated Edison (ED) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKK and ED?
Over the past 3 years, ARKK and ED moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.31 over 1 year against -0.25 over 3. Over 5 years the correlation is -0.08, and the annualized covariance of weekly returns is -157.9 %².
Out of 122 assets tracked against ARKK, ED lands near the bottom at #119. On 12-month performance ARKK holds a 5.5-point edge, +15.7% against +10.2%. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.49 to 0.21. One caveat on sizing: ARKK is 2.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ARKK vs ED: side by side
| ARKK (ARK Innovation ETF) | ED (Consolidated Edison) | |
|---|---|---|
| 1-year return | +15.7% | +10.2% |
| 5-year return | -27.7% | +67.5% |
| Volatility (ann.) | 38.8% | 16.5% |
| Beta vs S&P 500 | 2.07 | -0.21 |
| Max drawdown (3Y) | -39.6% | -17.4% |
| Market cap | – | $39.5B |
| P/E (trailing) | – | 17.5 |
| Dividend yield | – | 3.22% |
| Sector / category | ETF · Thematic | Utilities |
Year-by-year returns
| Year | ARKK | ED |
|---|---|---|
| 2022 | -67.0% | +15.7% |
| 2023 | +69.0% | -1.1% |
| 2024 | +8.4% | +1.5% |
| 2025 | +35.5% | +15.1% |
| 2026 | +13.6% | +10.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARKK and ED good diversifiers for each other?
Yes. With a correlation of -0.25, ARKK and ED have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ARKK and ED?
As of 2026-08-27, the correlation of weekly returns between ARKK and ED is -0.25 over 3 years, -0.31 over 1 year and -0.08 over 5 years.
Is ED a good diversifier for ARKK?
Yes. With a correlation of -0.25, ARKK and ED have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 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/arkk-vs-ed.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/arkk-vs-ed/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ARKK correlations · ED correlations
