COHR vs GIS: Correlation
How closely do Coherent Corp. (COHR) and General Mills (GIS) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COHR and GIS?
Over the past 3 years, COHR and GIS moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.21 lands near the 3-year figure. Over 5 years the correlation is -0.17, and the annualized covariance of weekly returns is -259.1 %².
Within COHR's tracked universe of 41 assets, GIS comes in at #34 by 3-year correlation. Correlation aside, the last 12 months split them widely, with COHR ahead by 238.4 points (+225.6% versus -12.8%). The rolling one-year correlation moved between -0.45 and -0.01 over the past three years, a moderate range. Note the risk asymmetry: COHR runs 3.2 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.
COHR vs GIS: side by side
| COHR (Coherent Corp.) | GIS (General Mills) | |
|---|---|---|
| 1-year return | +225.6% | -12.8% |
| 5-year return | +368.6% | -14.6% |
| Volatility (ann.) | 65.0% | 20.6% |
| Beta vs S&P 500 | 2.76 | -0.05 |
| Max drawdown (3Y) | -54.8% | -53.4% |
| Market cap | $57.8B | $21.6B |
| P/E (trailing) | 71.4 | – |
| Dividend yield | 0.00% | 6.09% |
| Sector / category | Information Technology | Consumer Staples |
Year-by-year returns
| Year | COHR | GIS |
|---|---|---|
| 2022 | -48.6% | +28.1% |
| 2023 | +24.0% | -20.0% |
| 2024 | +117.6% | +1.4% |
| 2025 | +94.8% | -23.7% |
| 2026 | +60.0% | -8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COHR and GIS good diversifiers for each other?
Yes. With a correlation of -0.19, COHR and GIS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between COHR and GIS?
As of 2026-08-27, the correlation of weekly returns between COHR and GIS is -0.19 over 3 years, -0.21 over 1 year and -0.17 over 5 years.
Is GIS a good diversifier for COHR?
Yes. With a correlation of -0.19, COHR and GIS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 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/cohr-vs-gis.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cohr-vs-gis/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: COHR correlations · GIS correlations
