CRM vs ED: Correlation
How closely do Salesforce (CRM) and Consolidated Edison (ED) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRM and ED?
On 3 years of weekly data the CRM/ED correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.23) sits close to the 3-year figure. The 5-year figure is -0.10, and annualized covariance runs at -167.2 %².
Among the 68 assets we track against CRM, ED sits near the bottom by co-movement, at rank #65. The trailing year gives ED the advantage: +1.6% versus +10.2%, a 8.6-point spread. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.53 to 0.17. Risk is not evenly split, since CRM carries 2.3 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.
CRM vs ED: side by side
| CRM (Salesforce) | ED (Consolidated Edison) | |
|---|---|---|
| 1-year return | +1.6% | +10.2% |
| 5-year return | -3.2% | +67.5% |
| Volatility (ann.) | 37.6% | 16.5% |
| Beta vs S&P 500 | 1.21 | -0.21 |
| Max drawdown (3Y) | -58.7% | -17.4% |
| Market cap | $207.4B | $39.5B |
| P/E (trailing) | 18.8 | 17.5 |
| Dividend yield | 0.00% | 3.22% |
| Sector / category | Information Technology | Utilities |
Year-by-year returns
| Year | CRM | ED |
|---|---|---|
| 2022 | -47.8% | +15.7% |
| 2023 | +98.5% | -1.1% |
| 2024 | +27.8% | +1.5% |
| 2025 | -20.2% | +15.1% |
| 2026 | -4.4% | +10.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRM and ED good diversifiers for each other?
Yes. With a correlation of -0.27, CRM and ED have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CRM and ED?
The CRM/ED correlation stands at -0.27 on a 3-year window (1 year: -0.23, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is ED a good diversifier for CRM?
Yes. With a correlation of -0.27, CRM and ED have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/crm-vs-ed.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/crm-vs-ed/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CRM correlations · ED correlations
