DIA vs GE: Correlation
SPDR Dow Jones Industrial Average ETF (DIA) and GE Aerospace (GE) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIA and GE?
Across a 3-year window, the weekly returns of DIA and GE correlate at 0.57, moderate. Recent behaviour matches the longer record: 0.55 over 1 year against 0.57 over 3. Stretching to 5 years gives 0.61, with an annualized covariance of 231.2 %².
Among the 116 assets we track against DIA, GE ranks #79 by 3-year correlation. On 12-month performance GE holds a 6.8-point edge, +19.2% against +26.0%. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.15 to 0.82. One caveat on sizing: GE is 2.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
DIA vs GE: side by side
| DIA (SPDR Dow Jones Industrial Average ETF) | GE (GE Aerospace) | |
|---|---|---|
| 1-year return | +19.2% | +26.0% |
| 5-year return | +64.8% | +435.6% |
| Volatility (ann.) | 13.0% | 30.9% |
| Beta vs S&P 500 | 0.79 | 1.24 |
| Max drawdown (3Y) | -16.0% | -21.4% |
| Market cap | – | $355.6B |
| P/E (trailing) | – | 41.8 |
| Dividend yield | 1.37% | 0.47% |
| Expense ratio | 0.16% | – |
| Assets under management | $45.2B | – |
| Sector / category | ETF · US Large Cap | Industrials |
DIA, State Street Investment Management's Large Value fund, carries $45.2B under management, 30 holdings, a 0.16% expense ratio, a 1.37% trailing dividend yield.
Year-by-year returns
| Year | DIA | GE |
|---|---|---|
| 2022 | -7.0% | -10.9% |
| 2023 | +16.0% | +95.7% |
| 2024 | +14.8% | +64.8% |
| 2025 | +14.7% | +85.7% |
| 2026 | +12.3% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIA and GE good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DIA and GE?
As of 2026-08-27, the correlation of weekly returns between DIA and GE is 0.57 over 3 years, 0.55 over 1 year and 0.61 over 5 years.
Is GE a good diversifier for DIA?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 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/dia-vs-ge.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dia-vs-ge/)
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Related comparisons
Hubs: DIA correlations · GE correlations
