CAG vs GEV: Correlation
Measured on weekly returns over the past three years, ConAgra Brands, Inc. (CAG) and GE Vernova (GEV) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAG and GEV?
Across a 3-year window, the weekly returns of CAG and GEV correlate at -0.31, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.14 versus -0.31 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -363.0 %².
Among the 34 assets we track against CAG, GEV sits near the bottom by co-movement, at rank #33. Their recent paths diverged sharply: over the last 12 months GEV outperformed by 63.4 percentage points (-9.8% for CAG against +53.6% for GEV). Risk is not evenly split, since GEV carries 1.9 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.
CAG vs GEV: side by side
| CAG (ConAgra Brands, Inc.) | GEV (GE Vernova) | |
|---|---|---|
| 1-year return | -9.8% | +53.6% |
| 5-year return | -36.6% | n/a |
| Volatility (ann.) | 24.2% | 45.8% |
| Beta vs S&P 500 | -0.05 | 1.42 |
| Max drawdown (3Y) | -56.7% | -38.3% |
| Market cap | $7.7B | $254.0B |
| P/E (trailing) | – | 27.3 |
| Dividend yield | 8.65% | 0.18% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | CAG | GEV |
|---|---|---|
| 2022 | +17.5% | – |
| 2023 | -22.8% | – |
| 2024 | +1.5% | – |
| 2025 | -33.3% | +99.0% |
| 2026 | -2.1% | +46.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAG and GEV good diversifiers for each other?
Yes. With a correlation of -0.31, CAG and GEV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CAG and GEV?
The CAG/GEV correlation stands at -0.31 on a 3-year window (1 year: -0.14, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is GEV a good diversifier for CAG?
Yes. With a correlation of -0.31, CAG and GEV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.31 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/cag-vs-gev.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cag-vs-gev/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CAG correlations · GEV correlations
