EIX vs IDAI: Correlation
Edison International (EIX) and T Stamp Inc. (IDAI) show a negative relationship: their 3-year correlation of weekly returns is -0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EIX and IDAI?
Over the past 3 years, EIX and IDAI moved with a correlation of -0.36, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.36 over 1 year against -0.36 over 3. Over 5 years the correlation is -0.28, and the annualized covariance of weekly returns is -4706.7 %².
IDAI is close to the least connected end of EIX's tracked universe, ranking #29 of 30. The last year tells two different stories: EIX led by 24.9 percentage points, +40.4% for EIX against +15.5% for IDAI. Risk is not evenly split, since IDAI carries 19.4 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.
EIX vs IDAI: side by side
| EIX (Edison International) | IDAI (T Stamp Inc.) | |
|---|---|---|
| 1-year return | +40.4% | +15.5% |
| 5-year return | +62.2% | -76.5% |
| Volatility (ann.) | 26.0% | 505.7% |
| Beta vs S&P 500 | 0.24 | -1.01 |
| Max drawdown (3Y) | -43.9% | -92.9% |
| Market cap | $28.4B | – |
| P/E (trailing) | 7.7 | – |
| Dividend yield | 4.64% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | EIX | IDAI |
|---|---|---|
| 2022 | -2.6% | -88.0% |
| 2023 | +17.4% | -43.0% |
| 2024 | +15.2% | -35.5% |
| 2025 | -20.4% | +342.8% |
| 2026 | +27.6% | -14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EIX and IDAI good diversifiers for each other?
By historical standards, yes. A correlation of -0.36 means the two rarely move for the same reasons.
FAQ
What is the correlation between EIX and IDAI?
The EIX/IDAI correlation stands at -0.36 on a 3-year window (1 year: -0.36, 5 years: -0.28), computed from weekly returns as of 2026-08-27.
Is IDAI a good diversifier for EIX?
By historical standards, yes. A correlation of -0.36 means the two rarely move for the same reasons.
What does a correlation of -0.36 mean?
On the −1 to +1 scale, -0.36 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/eix-vs-idai.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/eix-vs-idai/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EIX correlations · IDAI correlations
