ED vs IBKR: Correlation
Measured on weekly returns over the past three years, Consolidated Edison (ED) and Interactive Brokers (IBKR) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ED and IBKR?
On 3 years of weekly data the ED/IBKR correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.25) sits close to the 3-year figure. The 5-year figure is -0.09, and annualized covariance runs at -131.2 %².
Among the 105 assets we track against ED, IBKR ranks #64 by 3-year correlation. Correlation aside, the last 12 months split them widely, with IBKR ahead by 46.8 points (+10.2% versus +57.0%). The rolling one-year correlation moved between -0.38 and -0.00 over the past three years, a moderate range. Note the risk asymmetry: IBKR runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ED vs IBKR: side by side
| ED (Consolidated Edison) | IBKR (Interactive Brokers) | |
|---|---|---|
| 1-year return | +10.2% | +57.0% |
| 5-year return | +67.5% | +516.0% |
| Volatility (ann.) | 16.5% | 33.9% |
| Beta vs S&P 500 | -0.21 | 1.37 |
| Max drawdown (3Y) | -17.4% | -38.7% |
| Market cap | $39.5B | $164.5B |
| P/E (trailing) | 17.5 | 38.5 |
| Dividend yield | 3.22% | 0.34% |
| Sector / category | Utilities | Financials |
Year-by-year returns
| Year | ED | IBKR |
|---|---|---|
| 2022 | +15.7% | -8.4% |
| 2023 | -1.1% | +15.1% |
| 2024 | +1.5% | +114.4% |
| 2025 | +15.1% | +46.4% |
| 2026 | +10.1% | +50.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ED and IBKR good diversifiers for each other?
Yes. With a correlation of -0.23, ED and IBKR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ED and IBKR?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.25 over the last year and -0.09 over 5 years.
Is IBKR a good diversifier for ED?
Yes. With a correlation of -0.23, ED and IBKR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
A reading of -0.23 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ED correlations · IBKR correlations
