GE vs IA: Correlation
How closely do GE Aerospace (GE) and Innovative Solutions and Support, Inc. (IA) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GE and IA?
Over the past 3 years, GE and IA moved with a correlation of 0.35, which is moderate. The relationship has been stable: the 1-year correlation (0.28) sits close to the 3-year figure. Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 729.3 %².
Among the 32 assets we track against GE, IA ranks #22 by 3-year correlation. Correlation aside, the last 12 months split them widely, with IA ahead by 31.7 points (+26.0% versus +57.7%). Note the risk asymmetry: IA runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
GE vs IA: side by side
| GE (GE Aerospace) | IA (Innovative Solutions and Support, Inc.) | |
|---|---|---|
| 1-year return | +26.0% | +57.7% |
| 5-year return | +435.6% | +202.0% |
| Volatility (ann.) | 30.9% | 67.2% |
| Beta vs S&P 500 | 1.24 | 1.21 |
| Max drawdown (3Y) | -21.4% | -57.8% |
| Market cap | $355.6B | $0.4B |
| P/E (trailing) | 41.8 | 20.4 |
| Dividend yield | 0.47% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | GE | IA |
|---|---|---|
| 2022 | -10.9% | +25.3% |
| 2023 | +95.7% | +3.8% |
| 2024 | +64.8% | +0.1% |
| 2025 | +85.7% | +121.8% |
| 2026 | +11.6% | +11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GE and IA good diversifiers for each other?
Reasonably. At 0.35, GE and IA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GE and IA?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.28 over the last year and 0.29 over 5 years.
Is IA a good diversifier for GE?
Reasonably. At 0.35, GE and IA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 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.
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Related comparisons
Hubs: GE correlations · IA correlations
