CPRI vs GEHC: Correlation
Measured on weekly returns over the past three years, Capri Holdings Limited (CPRI) and GE HealthCare (GEHC) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPRI and GEHC?
On 3 years of weekly data the CPRI/GEHC correlation comes out at 0.48, moderate. Recent behaviour matches the longer record: 0.55 over 1 year against 0.48 over 3. The 5-year figure is 0.37, and annualized covariance runs at 811.3 %².
Among the 10 assets we track against CPRI, GEHC ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GEHC outperformed by 36.6 percentage points (-38.8% for CPRI against -2.2% for GEHC). Risk is not evenly split, since CPRI carries 1.6 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.
CPRI vs GEHC: side by side
| CPRI (Capri Holdings Limited) | GEHC (GE HealthCare) | |
|---|---|---|
| 1-year return | -38.8% | -2.2% |
| 5-year return | -76.8% | n/a |
| Volatility (ann.) | 52.2% | 32.4% |
| Beta vs S&P 500 | 1.43 | 1.22 |
| Max drawdown (3Y) | -76.4% | -37.4% |
| Market cap | $1.5B | $32.7B |
| P/E (trailing) | 17.3 | 16.9 |
| Dividend yield | 0.00% | 0.19% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | CPRI | GEHC |
|---|---|---|
| 2022 | -11.7% | – |
| 2023 | -12.4% | +32.6% |
| 2024 | -58.1% | +1.3% |
| 2025 | +15.9% | +5.1% |
| 2026 | -46.0% | -11.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPRI and GEHC good diversifiers for each other?
Reasonably. At 0.48, CPRI and GEHC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CPRI and GEHC?
The CPRI/GEHC correlation stands at 0.48 on a 3-year window (1 year: 0.55, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is GEHC a good diversifier for CPRI?
Reasonably. At 0.48, CPRI and GEHC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 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/cpri-vs-gehc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cpri-vs-gehc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CPRI correlations · GEHC correlations
