ED vs IVV: Correlation
Consolidated Edison (ED) and iShares Core S&P 500 ETF (IVV) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ED and IVV?
Over the past 3 years, ED and IVV moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.36) runs below the 3-year figure (-0.19). Over 5 years the correlation is 0.12, and the annualized covariance of weekly returns is -44.9 %².
Among the 105 assets we track against ED, IVV ranks #39 by 3-year correlation. Over the last 12 months IVV came out ahead by 10.5 percentage points (+10.2% against +20.7%). The relationship is regime-dependent: the rolling one-year correlation swung between -0.38 and 0.28 over the past three years, so this pair behaves very differently depending on the market environment.
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 IVV: side by side
| ED (Consolidated Edison) | IVV (iShares Core S&P 500 ETF) | |
|---|---|---|
| 1-year return | +10.2% | +20.7% |
| 5-year return | +67.5% | +83.0% |
| Volatility (ann.) | 16.5% | 14.5% |
| Beta vs S&P 500 | -0.21 | 1.00 |
| Max drawdown (3Y) | -17.4% | -18.8% |
| Market cap | $39.5B | – |
| P/E (trailing) | 17.5 | – |
| Dividend yield | 3.22% | 1.09% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $869.2B |
| Sector / category | Utilities | ETF · US Large Cap |
IVV is a Large Blend fund from iShares: $869.2B under management, 503 holdings, a 0.03% expense ratio, a 1.09% trailing dividend yield.
Year-by-year returns
| Year | ED | IVV |
|---|---|---|
| 2022 | +15.7% | -18.2% |
| 2023 | -1.1% | +26.3% |
| 2024 | +1.5% | +24.9% |
| 2025 | +15.1% | +17.8% |
| 2026 | +10.1% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
ED represents 0.06% of IVV's portfolio, so part of any move in IVV is ED itself, and the correlation between them is partly mechanical.
Are ED and IVV good diversifiers for each other?
Yes. With a correlation of -0.19, ED and IVV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ED and IVV?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.36 over the last year and 0.12 over 5 years.
Is IVV a good diversifier for ED?
Yes. With a correlation of -0.19, ED and IVV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
A reading of -0.19 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: ED correlations · IVV correlations
