BCE vs GEV: Correlation
How closely do BCE, Inc. (BCE) and GE Vernova (GEV) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCE and GEV?
Over the past 3 years, BCE and GEV moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.17) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -270.2 %².
Out of 27 assets tracked against BCE, GEV lands near the bottom at #25. Correlation aside, the last 12 months split them widely, with GEV ahead by 55.0 points (-1.4% versus +53.6%). Note the risk asymmetry: GEV runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BCE vs GEV: side by side
| BCE (BCE, Inc.) | GEV (GE Vernova) | |
|---|---|---|
| 1-year return | -1.4% | +53.6% |
| 5-year return | -36.8% | n/a |
| Volatility (ann.) | 21.5% | 45.8% |
| Beta vs S&P 500 | -0.06 | 1.42 |
| Max drawdown (3Y) | -43.5% | -38.3% |
| Market cap | $21.8B | $254.0B |
| P/E (trailing) | 4.8 | 27.3 |
| Dividend yield | 7.45% | 0.18% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | BCE | GEV |
|---|---|---|
| 2022 | -10.6% | – |
| 2023 | -4.2% | – |
| 2024 | -35.5% | – |
| 2025 | +10.2% | +99.0% |
| 2026 | +0.8% | +46.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCE and GEV good diversifiers for each other?
Yes. With a correlation of -0.27, BCE and GEV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BCE and GEV?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.17 over the last year and n/a over 5 years.
Is GEV a good diversifier for BCE?
Yes. With a correlation of -0.27, BCE and GEV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bce-vs-gev.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bce-vs-gev/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BCE correlations · GEV correlations
