AbstractStudy of the characteristics of space‐ and ground‐based electromagnetic observational data, as well as the correlation between them, has important scientific significance for the combined application of both data to earthquake monitoring and research. In this paper, the near DC electromagnetic data recorded by the DEMETER satellite, vertical and horizontal geoelectric field data recorded at the Hongshawan station, and horizontal geoelectric field data recorded at the Chengdu station were comprehensively studied. The results show that observational data of the ULF electric field recorded directly by the DEMETER satellite do not indicate any significant annual change trends; the observational data from along the velocity vector direction on both the day and night sides present longer‐term cyclical characteristics, but no correlation or synchronization with the geoelectric field observational data. The magnitude of the electric field data in the ionosphere after removing the additional electric field values caused by the satellite cutting the magnetic line are consistent with the geoelectric field data, and concentrated at about 10−1∼ 10−2 mV/m. The concave annual seasonal change trends are displayed from the observation data along the normal to the orbit direction, and along the velocity vector direction on the night side, showing a relatively stable annual variation period, which is consistent with the trend of the annual variation of the horizontal geoelectric field. Therefore, it may be concluded that both the magnitude and annual trends have exhibited correlation and synchronization every year.