ED vs META: Correlation
Measured on weekly returns over the past three years, Consolidated Edison (ED) and Meta Platforms (META) 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 META?
Over the past 3 years, ED and META moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.21 over 1 year against -0.23 over 3. Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -138.3 %².
By 3-year correlation, META places #66 of the 105 assets tracked against ED. The last year tells two different stories: ED led by 33.5 percentage points, +10.2% for ED against -23.3% for META. Across three years, the rolling one-year figure varied moderately, from -0.36 to -0.01. Risk is not evenly split, since META carries 2.2 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 META: side by side
| ED (Consolidated Edison) | META (Meta Platforms) | |
|---|---|---|
| 1-year return | +10.2% | -23.3% |
| 5-year return | +67.5% | +51.3% |
| Volatility (ann.) | 16.5% | 36.9% |
| Beta vs S&P 500 | -0.21 | 1.45 |
| Max drawdown (3Y) | -17.4% | -34.2% |
| Market cap | $39.5B | $1,454.9B |
| P/E (trailing) | 17.5 | 21.7 |
| Dividend yield | 3.22% | 0.36% |
| Sector / category | Utilities | Communication Services |
Year-by-year returns
| Year | ED | META |
|---|---|---|
| 2022 | +15.7% | -64.2% |
| 2023 | -1.1% | +194.1% |
| 2024 | +1.5% | +66.0% |
| 2025 | +15.1% | +13.1% |
| 2026 | +10.1% | -13.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ED and META good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ED and META?
The ED/META correlation stands at -0.23 on a 3-year window (1 year: -0.21, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is META a good diversifier for ED?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ed-vs-meta.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ed-vs-meta/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ED correlations · META correlations
