DELL vs ED: Correlation
Dell Technologies (DELL) and Consolidated Edison (ED) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DELL and ED?
Over the past 3 years, DELL and ED moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.22 lands near the 3-year figure. Over 5 years the correlation is -0.08, and the annualized covariance of weekly returns is -208.5 %².
Out of 29 assets tracked against DELL, ED lands near the bottom at #25. Their recent paths diverged sharply: over the last 12 months DELL outperformed by 250.8 percentage points (+261.0% for DELL against +10.2% for ED). Across three years, the rolling one-year figure varied moderately, from -0.34 to 0.12. Risk is not evenly split, since DELL carries 3.7 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.
DELL vs ED: side by side
| DELL (Dell Technologies) | ED (Consolidated Edison) | |
|---|---|---|
| 1-year return | +261.0% | +10.2% |
| 5-year return | +945.0% | +67.5% |
| Volatility (ann.) | 61.3% | 16.5% |
| Beta vs S&P 500 | 2.02 | -0.21 |
| Max drawdown (3Y) | -59.6% | -17.4% |
| Market cap | $305.1B | $39.5B |
| P/E (trailing) | 36.9 | 17.5 |
| Dividend yield | 0.48% | 3.22% |
| Sector / category | Information Technology | Utilities |
Year-by-year returns
| Year | DELL | ED |
|---|---|---|
| 2022 | -26.6% | +15.7% |
| 2023 | +95.9% | -1.1% |
| 2024 | +53.0% | +1.5% |
| 2025 | +11.2% | +15.1% |
| 2026 | +278.6% | +10.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DELL and ED good diversifiers for each other?
Yes. With a correlation of -0.21, DELL and ED have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DELL and ED?
As of 2026-08-27, the correlation of weekly returns between DELL and ED is -0.21 over 3 years, -0.22 over 1 year and -0.08 over 5 years.
Is ED a good diversifier for DELL?
Yes. With a correlation of -0.21, DELL and ED have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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/dell-vs-ed.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dell-vs-ed/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DELL correlations · ED correlations
