COO vs GEHC: Correlation
Cooper Companies (The) (COO) and GE HealthCare (GEHC) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COO and GEHC?
Across a 3-year window, the weekly returns of COO and GEHC correlate at 0.56, moderate. The past 12 months show a tighter link (0.72) than the 3-year average (0.56). Stretching to 5 years gives 0.53, with an annualized covariance of 503.3 %².
By 3-year correlation, GEHC places #5 of the 38 assets tracked against COO. Their 12-month results are close: -4.3% for COO against -2.2% for GEHC. The rolling one-year correlation moved between 0.23 and 0.72 over the past three years, a moderate range.
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.
COO vs GEHC: side by side
| COO (Cooper Companies (The)) | GEHC (GE HealthCare) | |
|---|---|---|
| 1-year return | -4.3% | -2.2% |
| 5-year return | -36.8% | n/a |
| Volatility (ann.) | 27.7% | 32.4% |
| Beta vs S&P 500 | 0.69 | 1.22 |
| Max drawdown (3Y) | -47.0% | -37.4% |
| Market cap | – | $32.7B |
| P/E (trailing) | 61.7 | 16.9 |
| Dividend yield | 0.00% | 0.19% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | COO | GEHC |
|---|---|---|
| 2022 | -21.1% | – |
| 2023 | +14.5% | +32.6% |
| 2024 | -2.8% | +1.3% |
| 2025 | -10.8% | +5.1% |
| 2026 | -13.4% | -11.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COO and GEHC good diversifiers for each other?
Only partially. A correlation of 0.56 means COO and GEHC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between COO and GEHC?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.72 over the last year and 0.53 over 5 years.
Is GEHC a good diversifier for COO?
Only partially. A correlation of 0.56 means COO and GEHC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 mean?
A reading of 0.56 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/coo-vs-gehc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/coo-vs-gehc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: COO correlations · GEHC correlations
