ED vs KR: Correlation
Measured on weekly returns over the past three years, Consolidated Edison (ED) and Kroger (KR) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ED and KR?
Over the past 3 years, ED and KR moved with a correlation of 0.35, which is moderate. The link has tightened recently: the 1-year correlation (0.50) runs above the 3-year figure (0.35). Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 135.1 %².
Among the 105 assets we track against ED, KR ranks #23 by 3-year correlation. The last year tells two different stories: ED led by 24.6 percentage points, +10.2% for ED against -14.4% for KR. Across three years, the rolling one-year figure varied moderately, from 0.11 to 0.56.
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 KR: side by side
| ED (Consolidated Edison) | KR (Kroger) | |
|---|---|---|
| 1-year return | +10.2% | -14.4% |
| 5-year return | +67.5% | +37.3% |
| Volatility (ann.) | 16.5% | 23.4% |
| Beta vs S&P 500 | -0.21 | -0.16 |
| Max drawdown (3Y) | -17.4% | -26.2% |
| Market cap | $39.5B | – |
| P/E (trailing) | 17.5 | 33.3 |
| Dividend yield | 3.22% | 1.79% |
| Sector / category | Utilities | Consumer Staples |
Year-by-year returns
| Year | ED | KR |
|---|---|---|
| 2022 | +15.7% | +0.4% |
| 2023 | -1.1% | +5.0% |
| 2024 | +1.5% | +36.9% |
| 2025 | +15.1% | +4.3% |
| 2026 | +10.1% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ED and KR good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ED and KR?
As of 2026-08-27, the correlation of weekly returns between ED and KR is 0.35 over 3 years, 0.50 over 1 year and 0.40 over 5 years.
Is KR a good diversifier for ED?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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-kr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ed-vs-kr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ED correlations · KR correlations
