ED vs LRCX: Correlation
How closely do Consolidated Edison (ED) and Lam Research (LRCX) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ED and LRCX?
On 3 years of weekly data the ED/LRCX correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.25 lands near the 3-year figure. The 5-year figure is -0.10, and annualized covariance runs at -211.3 %².
By 3-year correlation, LRCX places #85 of the 105 assets tracked against ED. Correlation aside, the last 12 months split them widely, with LRCX ahead by 198.8 points (+10.2% versus +209.0%). The relationship is regime-dependent: the rolling one-year correlation swung between -0.59 and 0.03 over the past three years, so this pair behaves very differently depending on the market environment. Risk is not evenly split, since LRCX carries 2.8 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.
ED vs LRCX: side by side
| ED (Consolidated Edison) | LRCX (Lam Research) | |
|---|---|---|
| 1-year return | +10.2% | +209.0% |
| 5-year return | +67.5% | +452.0% |
| Volatility (ann.) | 16.5% | 46.7% |
| Beta vs S&P 500 | -0.21 | 2.03 |
| Max drawdown (3Y) | -17.4% | -47.1% |
| Market cap | $39.5B | $398.6B |
| P/E (trailing) | 17.5 | 54.4 |
| Dividend yield | 3.22% | 0.33% |
| Sector / category | Utilities | Information Technology |
Year-by-year returns
| Year | ED | LRCX |
|---|---|---|
| 2022 | +15.7% | -40.7% |
| 2023 | -1.1% | +88.6% |
| 2024 | +1.5% | -6.8% |
| 2025 | +15.1% | +139.2% |
| 2026 | +10.1% | +86.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ED and LRCX good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ED and LRCX?
The ED/LRCX correlation stands at -0.27 on a 3-year window (1 year: -0.25, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is LRCX a good diversifier for ED?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ed-vs-lrcx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ed-vs-lrcx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ED correlations · LRCX correlations
