EIX vs FUBO: Correlation
Measured on weekly returns over the past three years, Edison International (EIX) and FuboTV Inc. (FUBO) carry a correlation of -0.33, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EIX and FUBO?
On 3 years of weekly data the EIX/FUBO correlation comes out at -0.33, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.11) than the 3-year average (-0.33). The 5-year figure is -0.20, and annualized covariance runs at -1389.1 %².
FUBO is close to the least connected end of EIX's tracked universe, ranking #28 of 30. The last year tells two different stories: EIX led by 115.7 percentage points, +40.4% for EIX against -75.3% for FUBO. One caveat on sizing: FUBO is 6.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
EIX vs FUBO: side by side
| EIX (Edison International) | FUBO (FuboTV Inc.) | |
|---|---|---|
| 1-year return | +40.4% | -75.3% |
| 5-year return | +62.2% | -96.9% |
| Volatility (ann.) | 26.0% | 164.3% |
| Beta vs S&P 500 | 0.24 | 0.34 |
| Max drawdown (3Y) | -43.9% | -87.7% |
| Market cap | $28.4B | $0.3B |
| P/E (trailing) | 7.7 | 2.7 |
| Dividend yield | 4.64% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | EIX | FUBO |
|---|---|---|
| 2022 | -2.6% | -88.8% |
| 2023 | +17.4% | +82.8% |
| 2024 | +15.2% | -60.4% |
| 2025 | -20.4% | +100.0% |
| 2026 | +27.6% | -66.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EIX and FUBO good diversifiers for each other?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EIX and FUBO?
The EIX/FUBO correlation stands at -0.33 on a 3-year window (1 year: -0.11, 5 years: -0.20), computed from weekly returns as of 2026-08-27.
Is FUBO a good diversifier for EIX?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.33 mean?
A reading of -0.33 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/eix-vs-fubo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/eix-vs-fubo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EIX correlations · FUBO correlations
