AME vs GE: Correlation
How closely do Ametek (AME) and GE Aerospace (GE) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AME and GE?
Across a 3-year window, the weekly returns of AME and GE correlate at 0.54, moderate. Recent behaviour matches the longer record: 0.46 over 1 year against 0.54 over 3. Stretching to 5 years gives 0.53, with an annualized covariance of 340.2 %².
Among the 31 assets we track against AME, GE ranks #18 by 3-year correlation. Over the last 12 months AME came out ahead by 5.4 percentage points (+31.4% against +26.0%). On a rolling one-year basis the correlation drifted between 0.36 and 0.69, a moderate band. Risk is not evenly split, since GE carries 1.5 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.
AME vs GE: side by side
| AME (Ametek) | GE (GE Aerospace) | |
|---|---|---|
| 1-year return | +31.4% | +26.0% |
| 5-year return | +83.6% | +435.6% |
| Volatility (ann.) | 20.4% | 30.9% |
| Beta vs S&P 500 | 0.84 | 1.24 |
| Max drawdown (3Y) | -23.0% | -21.4% |
| Market cap | $55.9B | $355.6B |
| P/E (trailing) | 35.8 | 41.8 |
| Dividend yield | 0.53% | 0.47% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | AME | GE |
|---|---|---|
| 2022 | -4.3% | -10.9% |
| 2023 | +18.8% | +95.7% |
| 2024 | +10.0% | +64.8% |
| 2025 | +14.7% | +85.7% |
| 2026 | +19.1% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AME and GE good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AME and GE?
The AME/GE correlation stands at 0.54 on a 3-year window (1 year: 0.46, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is GE a good diversifier for AME?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 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/ame-vs-ge.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ame-vs-ge/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AME correlations · GE correlations
