CPB vs GEV: Correlation
Measured on weekly returns over the past three years, The Campbell's Company (CPB) and GE Vernova (GEV) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPB and GEV?
Across a 3-year window, the weekly returns of CPB and GEV correlate at -0.26, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.27 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -303.4 %².
Out of 20 assets tracked against CPB, GEV lands near the bottom at #19. Correlation aside, the last 12 months split them widely, with GEV ahead by 76.4 points (-22.8% versus +53.6%). 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.
CPB vs GEV: side by side
| CPB (The Campbell's Company) | GEV (GE Vernova) | |
|---|---|---|
| 1-year return | -22.8% | +53.6% |
| 5-year return | -30.8% | n/a |
| Volatility (ann.) | 24.5% | 45.8% |
| Beta vs S&P 500 | 0.07 | 1.42 |
| Max drawdown (3Y) | -58.1% | -38.3% |
| Market cap | – | $254.0B |
| P/E (trailing) | 11.4 | 27.3 |
| Dividend yield | 6.72% | 0.18% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | CPB | GEV |
|---|---|---|
| 2022 | +34.8% | – |
| 2023 | -21.5% | – |
| 2024 | +0.1% | – |
| 2025 | -30.5% | +99.0% |
| 2026 | -12.2% | +46.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPB and GEV good diversifiers for each other?
Yes. With a correlation of -0.26, CPB and GEV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CPB and GEV?
As of 2026-08-27, the correlation of weekly returns between CPB and GEV is -0.26 over 3 years, -0.27 over 1 year and n/a over 5 years.
Is GEV a good diversifier for CPB?
Yes. With a correlation of -0.26, CPB and GEV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
A reading of -0.26 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/cpb-vs-gev.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cpb-vs-gev/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CPB correlations · GEV correlations
