DIS vs ED: Correlation
Walt Disney Company (The) (DIS) and Consolidated Edison (ED) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIS and ED?
On 3 years of weekly data the DIS/ED correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.34) runs below the 3-year figure (-0.18). The 5-year figure is 0.05, and annualized covariance runs at -81.2 %².
Within DIS's tracked universe of 37 assets, ED comes in at #30 by 3-year correlation. The last year tells two different stories: ED led by 18.4 percentage points, -8.2% for DIS against +10.2% for ED. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.37 to 0.27. Risk is not evenly split, since DIS carries 1.7 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.
DIS vs ED: side by side
| DIS (Walt Disney Company (The)) | ED (Consolidated Edison) | |
|---|---|---|
| 1-year return | -8.2% | +10.2% |
| 5-year return | -38.8% | +67.5% |
| Volatility (ann.) | 27.7% | 16.5% |
| Beta vs S&P 500 | 0.96 | -0.21 |
| Max drawdown (3Y) | -32.9% | -17.4% |
| Market cap | $184.4B | $39.5B |
| P/E (trailing) | 22.6 | 17.5 |
| Dividend yield | 1.37% | 3.22% |
| Sector / category | Communication Services | Utilities |
Year-by-year returns
| Year | DIS | ED |
|---|---|---|
| 2022 | -43.9% | +15.7% |
| 2023 | +4.3% | -1.1% |
| 2024 | +24.4% | +1.5% |
| 2025 | +3.3% | +15.1% |
| 2026 | -5.4% | +10.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIS and ED good diversifiers for each other?
Yes. With a correlation of -0.18, DIS and ED have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DIS and ED?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with -0.34 over the last year and 0.05 over 5 years.
Is ED a good diversifier for DIS?
Yes. With a correlation of -0.18, DIS and ED have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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/dis-vs-ed.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dis-vs-ed/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DIS correlations · ED correlations
