ETN vs GE: Correlation
Eaton Corporation (ETN) and GE Aerospace (GE) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ETN and GE?
Across a 3-year window, the weekly returns of ETN and GE correlate at 0.56, moderate. The past 12 months show a weaker link (0.37) than the 3-year average (0.56). Stretching to 5 years gives 0.53, with an annualized covariance of 518.9 %².
Among the 44 assets we track against ETN, GE ranks #26 by 3-year correlation. On 12-month performance GE holds a 6.3-point edge, +19.7% against +26.0%. Across three years, the rolling one-year figure varied moderately, from 0.28 to 0.71.
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.
ETN vs GE: side by side
| ETN (Eaton Corporation) | GE (GE Aerospace) | |
|---|---|---|
| 1-year return | +19.7% | +26.0% |
| 5-year return | +164.1% | +435.6% |
| Volatility (ann.) | 30.2% | 30.9% |
| Beta vs S&P 500 | 1.33 | 1.24 |
| Max drawdown (3Y) | -34.5% | -21.4% |
| Market cap | $161.6B | $355.6B |
| P/E (trailing) | 42.4 | 41.8 |
| Dividend yield | 1.02% | 0.47% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | ETN | GE |
|---|---|---|
| 2022 | -7.2% | -10.9% |
| 2023 | +56.2% | +95.7% |
| 2024 | +39.5% | +64.8% |
| 2025 | -2.8% | +85.7% |
| 2026 | +31.7% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ETN and GE good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ETN and GE?
The ETN/GE correlation stands at 0.56 on a 3-year window (1 year: 0.37, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is GE a good diversifier for ETN?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 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/etn-vs-ge.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/etn-vs-ge/)
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Related comparisons
Hubs: ETN correlations · GE correlations
