DXCM vs GEHC: Correlation
Dexcom (DXCM) and GE HealthCare (GEHC) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DXCM and GEHC?
Over the past 3 years, DXCM and GEHC moved with a correlation of 0.36, which is moderate. The link has tightened recently: the 1-year correlation (0.52) runs above the 3-year figure (0.36). Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 551.9 %².
By 3-year correlation, GEHC places #11 of the 28 assets tracked against DXCM. Correlation aside, the last 12 months split them widely, with DXCM ahead by 19.1 points (+16.9% versus -2.2%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.03 to 0.59.
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.
DXCM vs GEHC: side by side
| DXCM (Dexcom) | GEHC (GE HealthCare) | |
|---|---|---|
| 1-year return | +16.9% | -2.2% |
| 5-year return | -31.5% | n/a |
| Volatility (ann.) | 46.7% | 32.4% |
| Beta vs S&P 500 | 1.02 | 1.22 |
| Max drawdown (3Y) | -61.0% | -37.4% |
| Market cap | $33.7B | $32.7B |
| P/E (trailing) | 35.2 | 16.9 |
| Dividend yield | 0.00% | 0.19% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | DXCM | GEHC |
|---|---|---|
| 2022 | -15.6% | – |
| 2023 | +9.6% | +32.6% |
| 2024 | -37.3% | +1.3% |
| 2025 | -14.7% | +5.1% |
| 2026 | +34.5% | -11.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DXCM and GEHC good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DXCM and GEHC?
The DXCM/GEHC correlation stands at 0.36 on a 3-year window (1 year: 0.52, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is GEHC a good diversifier for DXCM?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
A reading of 0.36 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/dxcm-vs-gehc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dxcm-vs-gehc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DXCM correlations · GEHC correlations
