FLO vs GIS: Correlation
How closely do Flowers Foods, Inc. (FLO) and General Mills (GIS) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLO and GIS?
Over the past 3 years, FLO and GIS moved with a correlation of 0.54, which is moderate. The past 12 months show a weaker link (0.42) than the 3-year average (0.54). Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 294.7 %².
GIS is one of the assets that tracks FLO most closely: it ranks #1 out of the 15 assets we track against FLO. The last year tells two different stories: GIS led by 36.9 percentage points, -49.7% for FLO against -12.8% for GIS.
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.
FLO vs GIS: side by side
| FLO (Flowers Foods, Inc.) | GIS (General Mills) | |
|---|---|---|
| 1-year return | -49.7% | -12.8% |
| 5-year return | -63.2% | -14.6% |
| Volatility (ann.) | 26.8% | 20.6% |
| Beta vs S&P 500 | 0.20 | -0.05 |
| Max drawdown (3Y) | -68.8% | -53.4% |
| Market cap | $1.5B | $21.6B |
| P/E (trailing) | 26.8 | – |
| Dividend yield | 13.81% | 6.09% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | FLO | GIS |
|---|---|---|
| 2022 | +8.0% | +28.1% |
| 2023 | -18.6% | -20.0% |
| 2024 | -4.3% | +1.4% |
| 2025 | -43.6% | -23.7% |
| 2026 | -33.0% | -8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLO and GIS good diversifiers for each other?
Only partially. A correlation of 0.54 means FLO and GIS 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 FLO and GIS?
The FLO/GIS correlation stands at 0.54 on a 3-year window (1 year: 0.42, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is GIS a good diversifier for FLO?
Only partially. A correlation of 0.54 means FLO and GIS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 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/flo-vs-gis.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/flo-vs-gis/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FLO correlations · GIS correlations
