ALGN vs GEHC: Correlation
Align Technology (ALGN) and GE HealthCare (GEHC) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALGN and GEHC?
Across a 3-year window, the weekly returns of ALGN and GEHC correlate at 0.45, moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.45 over 3. Stretching to 5 years gives 0.44, with an annualized covariance of 644.1 %².
Within ALGN's tracked universe of 37 assets, GEHC comes in at #20 by 3-year correlation. On 12-month performance ALGN holds a 14.1-point edge, +11.9% against -2.2%. Across three years, the rolling one-year figure varied moderately, from 0.23 to 0.67.
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.
ALGN vs GEHC: side by side
| ALGN (Align Technology) | GEHC (GE HealthCare) | |
|---|---|---|
| 1-year return | +11.9% | -2.2% |
| 5-year return | -77.4% | n/a |
| Volatility (ann.) | 44.3% | 32.4% |
| Beta vs S&P 500 | 1.51 | 1.22 |
| Max drawdown (3Y) | -66.7% | -37.4% |
| Market cap | $11.3B | $32.7B |
| P/E (trailing) | 27.6 | 16.9 |
| Dividend yield | 0.00% | 0.19% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | ALGN | GEHC |
|---|---|---|
| 2022 | -67.9% | – |
| 2023 | +29.9% | +32.6% |
| 2024 | -23.9% | +1.3% |
| 2025 | -25.1% | +5.1% |
| 2026 | +1.7% | -11.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALGN and GEHC good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ALGN and GEHC?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.43 over the last year and 0.44 over 5 years.
Is GEHC a good diversifier for ALGN?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
A reading of 0.45 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/algn-vs-gehc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/algn-vs-gehc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALGN correlations · GEHC correlations
