ED vs PSQH: Correlation
Measured on weekly returns over the past three years, Consolidated Edison (ED) and PSQ Holdings, Inc. (PSQH) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ED and PSQH?
Over the past 3 years, ED and PSQH moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.40) than the 3-year average (-0.27). Over 5 years the correlation is -0.07, and the annualized covariance of weekly returns is -446.1 %².
Among the 105 assets we track against ED, PSQH ranks #88 by 3-year correlation. The last year tells two different stories: ED led by 84.7 percentage points, +10.2% for ED against -74.5% for PSQH. Note the risk asymmetry: PSQH runs 6.1 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 PSQH: side by side
| ED (Consolidated Edison) | PSQH (PSQ Holdings, Inc.) | |
|---|---|---|
| 1-year return | +10.2% | -74.5% |
| 5-year return | +67.5% | -95.6% |
| Volatility (ann.) | 16.5% | 99.9% |
| Beta vs S&P 500 | -0.21 | 2.13 |
| Max drawdown (3Y) | -17.4% | -98.4% |
| Market cap | $39.5B | – |
| P/E (trailing) | 17.5 | – |
| Dividend yield | 3.22% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | ED | PSQH |
|---|---|---|
| 2022 | +15.7% | +3.1% |
| 2023 | -1.1% | -47.3% |
| 2024 | +1.5% | -13.4% |
| 2025 | +15.1% | -77.3% |
| 2026 | +10.1% | -59.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ED and PSQH good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between ED and PSQH?
As of 2026-08-27, the correlation of weekly returns between ED and PSQH is -0.27 over 3 years, -0.40 over 1 year and -0.07 over 5 years.
Is PSQH a good diversifier for ED?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
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-psqh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ed-vs-psqh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ED correlations · PSQH correlations
