CPB vs GIS: Correlation
Measured on weekly returns over the past three years, The Campbell's Company (CPB) and General Mills (GIS) carry a correlation of 0.74, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPB and GIS?
On 3 years of weekly data the CPB/GIS correlation comes out at 0.74, strong. Recent behaviour matches the longer record: 0.77 over 1 year against 0.74 over 3. The 5-year figure is 0.73, and annualized covariance runs at 373.7 %².
In CPB's tracked universe of 20 assets, GIS sits right near the top at #1. On 12-month performance GIS holds a 10.0-point edge, -22.8% 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.
CPB vs GIS: side by side
| CPB (The Campbell's Company) | GIS (General Mills) | |
|---|---|---|
| 1-year return | -22.8% | -12.8% |
| 5-year return | -30.8% | -14.6% |
| Volatility (ann.) | 24.5% | 20.6% |
| Beta vs S&P 500 | 0.07 | -0.05 |
| Max drawdown (3Y) | -58.1% | -53.4% |
| Market cap | – | $21.6B |
| P/E (trailing) | 11.4 | – |
| Dividend yield | 6.72% | 6.09% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | CPB | GIS |
|---|---|---|
| 2022 | +34.8% | +28.1% |
| 2023 | -21.5% | -20.0% |
| 2024 | +0.1% | +1.4% |
| 2025 | -30.5% | -23.7% |
| 2026 | -12.2% | -8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPB and GIS good diversifiers for each other?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CPB and GIS?
Using weekly returns as of 2026-08-27: 0.74 over 3 years, with 0.77 over the last year and 0.73 over 5 years.
Is GIS a good diversifier for CPB?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.74 mean?
On the −1 to +1 scale, 0.74 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cpb-vs-gis.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cpb-vs-gis/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CPB correlations · GIS correlations
