ED vs PLTR: Correlation
How closely do Consolidated Edison (ED) and Palantir Technologies (PLTR) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ED and PLTR?
Over the past 3 years, ED and PLTR moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.28 over 1 year against -0.20 over 3. Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -237.5 %².
Among the 105 assets we track against ED, PLTR ranks #51 by 3-year correlation. The trailing year gives PLTR the advantage: +10.2% versus +18.6%, a 8.4-point spread. The rolling one-year correlation moved between -0.36 and -0.06 over the past three years, a moderate range. Note the risk asymmetry: PLTR runs 4.3 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 PLTR: side by side
| ED (Consolidated Edison) | PLTR (Palantir Technologies) | |
|---|---|---|
| 1-year return | +10.2% | +18.6% |
| 5-year return | +67.5% | +621.8% |
| Volatility (ann.) | 16.5% | 71.3% |
| Beta vs S&P 500 | -0.21 | 2.47 |
| Max drawdown (3Y) | -17.4% | -48.2% |
| Market cap | $39.5B | $446.8B |
| P/E (trailing) | 17.5 | 151.2 |
| Dividend yield | 3.22% | 0.00% |
| Sector / category | Utilities | Information Technology |
Year-by-year returns
| Year | ED | PLTR |
|---|---|---|
| 2022 | +15.7% | -64.7% |
| 2023 | -1.1% | +167.4% |
| 2024 | +1.5% | +340.5% |
| 2025 | +15.1% | +135.0% |
| 2026 | +10.1% | +4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ED and PLTR good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ED and PLTR?
The ED/PLTR correlation stands at -0.20 on a 3-year window (1 year: -0.28, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is PLTR a good diversifier for ED?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
A reading of -0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ED correlations · PLTR correlations
