CAG vs GIS: Correlation
ConAgra Brands, Inc. (CAG) and General Mills (GIS) show a strong relationship: their 3-year correlation of weekly returns is 0.75.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAG and GIS?
Over the past 3 years, CAG and GIS moved with a correlation of 0.75, which is strong. Little has changed lately, as the 1-year reading of 0.77 lands near the 3-year figure. Over 5 years the correlation is 0.76, and the annualized covariance of weekly returns is 373.3 %².
Few assets follow CAG as closely as GIS, which ranks #1 of 34 tracked partners. Neither side won the trailing year by much: -9.8% against -12.8%.
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 GIS: side by side
| CAG (ConAgra Brands, Inc.) | GIS (General Mills) | |
|---|---|---|
| 1-year return | -9.8% | -12.8% |
| 5-year return | -36.6% | -14.6% |
| Volatility (ann.) | 24.2% | 20.6% |
| Beta vs S&P 500 | -0.05 | -0.05 |
| Max drawdown (3Y) | -56.7% | -53.4% |
| Market cap | $7.7B | $21.6B |
| P/E (trailing) | – | – |
| Dividend yield | 8.65% | 6.09% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | CAG | GIS |
|---|---|---|
| 2022 | +17.5% | +28.1% |
| 2023 | -22.8% | -20.0% |
| 2024 | +1.5% | +1.4% |
| 2025 | -33.3% | -23.7% |
| 2026 | -2.1% | -8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAG and GIS good diversifiers for each other?
To a limited degree. At 0.75 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 CAG and GIS?
The CAG/GIS correlation stands at 0.75 on a 3-year window (1 year: 0.77, 5 years: 0.76), computed from weekly returns as of 2026-08-27.
Is GIS a good diversifier for CAG?
To a limited degree. At 0.75 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 0.75 mean?
A reading of 0.75 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/cag-vs-gis.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cag-vs-gis/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CAG correlations · GIS correlations
