AMAT vs GIS: Correlation
Measured on weekly returns over the past three years, Applied Materials (AMAT) and General Mills (GIS) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMAT and GIS?
Across a 3-year window, the weekly returns of AMAT and GIS correlate at -0.18, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.18 lands near the 3-year figure. Stretching to 5 years gives -0.14, with an annualized covariance of -158.4 %².
Among the 34 assets we track against AMAT, GIS ranks #28 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AMAT ahead by 207.8 points (+195.0% versus -12.8%). This link changes with the market regime, having swung between -0.50 and 0.08 on a rolling one-year basis. One caveat on sizing: AMAT is 2.1 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.
AMAT vs GIS: side by side
| AMAT (Applied Materials) | GIS (General Mills) | |
|---|---|---|
| 1-year return | +195.0% | -12.8% |
| 5-year return | +269.5% | -14.6% |
| Volatility (ann.) | 43.5% | 20.6% |
| Beta vs S&P 500 | 1.69 | -0.05 |
| Max drawdown (3Y) | -49.9% | -53.4% |
| Market cap | $382.8B | $21.6B |
| P/E (trailing) | 41.3 | – |
| Dividend yield | 0.41% | 6.09% |
| Sector / category | Information Technology | Consumer Staples |
Year-by-year returns
| Year | AMAT | GIS |
|---|---|---|
| 2022 | -37.5% | +28.1% |
| 2023 | +68.0% | -20.0% |
| 2024 | +1.1% | +1.4% |
| 2025 | +59.6% | -23.7% |
| 2026 | +88.4% | -8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMAT and GIS good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between AMAT and GIS?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with -0.18 over the last year and -0.14 over 5 years.
Is GIS a good diversifier for AMAT?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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/amat-vs-gis.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amat-vs-gis/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMAT correlations · GIS correlations
