ED vs TRMB: Correlation
Consolidated Edison (ED) and Trimble Inc. (TRMB) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ED and TRMB?
Across a 3-year window, the weekly returns of ED and TRMB correlate at -0.24, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.21 over 1 year against -0.24 over 3. Stretching to 5 years gives -0.03, with an annualized covariance of -121.1 %².
Within ED's tracked universe of 105 assets, TRMB comes in at #73 by 3-year correlation. The last year tells two different stories: ED led by 35.3 percentage points, +10.2% for ED against -25.1% for TRMB. On a rolling one-year basis the correlation drifted between -0.44 and -0.00, a moderate band. Risk is not evenly split, since TRMB carries 1.9 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 TRMB: side by side
| ED (Consolidated Edison) | TRMB (Trimble Inc.) | |
|---|---|---|
| 1-year return | +10.2% | -25.1% |
| 5-year return | +67.5% | -35.7% |
| Volatility (ann.) | 16.5% | 30.9% |
| Beta vs S&P 500 | -0.21 | 1.13 |
| Max drawdown (3Y) | -17.4% | -42.7% |
| Market cap | $39.5B | $14.3B |
| P/E (trailing) | 17.5 | – |
| Dividend yield | 3.22% | 0.00% |
| Sector / category | Utilities | Information Technology |
Year-by-year returns
| Year | ED | TRMB |
|---|---|---|
| 2022 | +15.7% | -42.0% |
| 2023 | -1.1% | +5.2% |
| 2024 | +1.5% | +32.8% |
| 2025 | +15.1% | +10.9% |
| 2026 | +10.1% | -21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ED and TRMB good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between ED and TRMB?
The ED/TRMB correlation stands at -0.24 on a 3-year window (1 year: -0.21, 5 years: -0.03), computed from weekly returns as of 2026-08-27.
Is TRMB a good diversifier for ED?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ed-vs-trmb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ed-vs-trmb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ED correlations · TRMB correlations
