ED vs INTU: Correlation
Consolidated Edison (ED) and Intuit (INTU) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ED and INTU?
Across a 3-year window, the weekly returns of ED and INTU correlate at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.39 versus -0.26 over 3 years. Stretching to 5 years gives -0.05, with an annualized covariance of -155.6 %².
Within ED's tracked universe of 105 assets, INTU comes in at #78 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ED ahead by 57.1 points (+10.2% versus -46.9%). The relationship is regime-dependent: the rolling one-year correlation swung between -0.41 and 0.19 over the past three years, so this pair behaves very differently depending on the market environment. Note the risk asymmetry: INTU runs 2.2 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 INTU: side by side
| ED (Consolidated Edison) | INTU (Intuit) | |
|---|---|---|
| 1-year return | +10.2% | -46.9% |
| 5-year return | +67.5% | -36.2% |
| Volatility (ann.) | 16.5% | 36.2% |
| Beta vs S&P 500 | -0.21 | 0.70 |
| Max drawdown (3Y) | -17.4% | -68.2% |
| Market cap | $39.5B | $95.2B |
| P/E (trailing) | 17.5 | 21.0 |
| Dividend yield | 3.22% | 1.39% |
| Sector / category | Utilities | Information Technology |
Year-by-year returns
| Year | ED | INTU |
|---|---|---|
| 2022 | +15.7% | -39.1% |
| 2023 | -1.1% | +61.8% |
| 2024 | +1.5% | +1.2% |
| 2025 | +15.1% | +6.1% |
| 2026 | +10.1% | -47.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ED and INTU good diversifiers for each other?
Yes. With a correlation of -0.26, ED and INTU have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ED and INTU?
The ED/INTU correlation stands at -0.26 on a 3-year window (1 year: -0.39, 5 years: -0.05), computed from weekly returns as of 2026-08-27.
Is INTU a good diversifier for ED?
Yes. With a correlation of -0.26, ED and INTU have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/ed-vs-intu.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ed-vs-intu/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ED correlations · INTU correlations
