FIX vs GEV: Correlation
How closely do Comfort Systems USA (FIX) and GE Vernova (GEV) trade together? Their weekly returns over three years give a correlation of 0.62, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIX and GEV?
On 3 years of weekly data the FIX/GEV correlation comes out at 0.62, strong. Lately the two have drifted apart, with the 1-year correlation at 0.40 versus 0.62 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 1390.1 %².
By 3-year correlation, GEV places #11 of the 37 assets tracked against FIX. The last year tells two different stories: FIX led by 74.4 percentage points, +128.0% for FIX against +53.6% for GEV. Across three years, the rolling one-year figure varied moderately, from 0.36 to 0.80.
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.
FIX vs GEV: side by side
| FIX (Comfort Systems USA) | GEV (GE Vernova) | |
|---|---|---|
| 1-year return | +128.0% | +53.6% |
| 5-year return | +2077.9% | n/a |
| Volatility (ann.) | 47.4% | 45.8% |
| Beta vs S&P 500 | 1.74 | 1.42 |
| Max drawdown (3Y) | -46.0% | -38.3% |
| Market cap | $56.8B | $254.0B |
| P/E (trailing) | 39.8 | 27.3 |
| Dividend yield | 0.16% | 0.18% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | FIX | GEV |
|---|---|---|
| 2022 | +17.0% | – |
| 2023 | +79.6% | – |
| 2024 | +106.9% | – |
| 2025 | +120.9% | +99.0% |
| 2026 | +73.3% | +46.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIX and GEV good diversifiers for each other?
Only partially. A correlation of 0.62 means FIX and GEV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between FIX and GEV?
As of 2026-08-27, the correlation of weekly returns between FIX and GEV is 0.62 over 3 years, 0.40 over 1 year and n/a over 5 years.
Is GEV a good diversifier for FIX?
Only partially. A correlation of 0.62 means FIX and GEV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.62 mean?
On the −1 to +1 scale, 0.62 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/fix-vs-gev.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fix-vs-gev/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FIX correlations · GEV correlations
