CRWD vs ED: Correlation
Measured on weekly returns over the past three years, CrowdStrike (CRWD) and Consolidated Edison (ED) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRWD and ED?
Over the past 3 years, CRWD and ED moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.05 versus -0.20 over 3 years. Over 5 years the correlation is -0.10, and the annualized covariance of weekly returns is -164.2 %².
Within CRWD's tracked universe of 31 assets, ED comes in at #24 by 3-year correlation. The last year tells two different stories: CRWD led by 105.6 percentage points, +115.8% for CRWD against +10.2% for ED. Across three years, the rolling one-year figure varied moderately, from -0.50 to -0.02. Risk is not evenly split, since CRWD carries 3.0 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.
CRWD vs ED: side by side
| CRWD (CrowdStrike) | ED (Consolidated Edison) | |
|---|---|---|
| 1-year return | +115.8% | +10.2% |
| 5-year return | +218.4% | +67.5% |
| Volatility (ann.) | 50.2% | 16.5% |
| Beta vs S&P 500 | 1.87 | -0.21 |
| Max drawdown (3Y) | -44.4% | -17.4% |
| Market cap | $233.4B | $39.5B |
| P/E (trailing) | 3256.6 | 17.5 |
| Dividend yield | 0.00% | 3.22% |
| Sector / category | Information Technology | Utilities |
Year-by-year returns
| Year | CRWD | ED |
|---|---|---|
| 2022 | -48.6% | +15.7% |
| 2023 | +142.5% | -1.1% |
| 2024 | +34.0% | +1.5% |
| 2025 | +37.0% | +15.1% |
| 2026 | +94.5% | +10.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRWD and ED good diversifiers for each other?
Yes. With a correlation of -0.20, CRWD and ED have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CRWD and ED?
The CRWD/ED correlation stands at -0.20 on a 3-year window (1 year: -0.05, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is ED a good diversifier for CRWD?
Yes. With a correlation of -0.20, CRWD and ED have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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/crwd-vs-ed.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/crwd-vs-ed/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CRWD correlations · ED correlations
