ED vs MRVL: Correlation
Measured on weekly returns over the past three years, Consolidated Edison (ED) and Marvell Technology (MRVL) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ED and MRVL?
Over the past 3 years, ED and MRVL moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.22) sits close to the 3-year figure. Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -237.1 %².
By 3-year correlation, MRVL places #77 of the 105 assets tracked against ED. Their recent paths diverged sharply: over the last 12 months MRVL outperformed by 213.3 percentage points (+10.2% for ED against +223.5% for MRVL). On a rolling one-year basis the correlation drifted between -0.38 and -0.09, a moderate band. Note the risk asymmetry: MRVL runs 3.5 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 MRVL: side by side
| ED (Consolidated Edison) | MRVL (Marvell Technology) | |
|---|---|---|
| 1-year return | +10.2% | +223.5% |
| 5-year return | +67.5% | +297.0% |
| Volatility (ann.) | 16.5% | 57.8% |
| Beta vs S&P 500 | -0.21 | 2.19 |
| Max drawdown (3Y) | -17.4% | -60.8% |
| Market cap | $39.5B | $217.0B |
| P/E (trailing) | 17.5 | 82.7 |
| Dividend yield | 3.22% | 0.10% |
| Sector / category | Utilities | Information Technology |
Year-by-year returns
| Year | ED | MRVL |
|---|---|---|
| 2022 | +15.7% | -57.5% |
| 2023 | -1.1% | +63.7% |
| 2024 | +1.5% | +83.8% |
| 2025 | +15.1% | -22.8% |
| 2026 | +10.1% | +184.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ED and MRVL good diversifiers for each other?
Yes. With a correlation of -0.25, ED and MRVL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ED and MRVL?
The ED/MRVL correlation stands at -0.25 on a 3-year window (1 year: -0.22, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is MRVL a good diversifier for ED?
Yes. With a correlation of -0.25, ED and MRVL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 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-mrvl.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ed-vs-mrvl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ED correlations · MRVL correlations
