GE vs LOCL: Correlation
GE Aerospace (GE) and Local Bounti Corporation (LOCL) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GE and LOCL?
Over the past 3 years, GE and LOCL moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.08) sits close to the 3-year figure. Over 5 years the correlation is -0.06, and the annualized covariance of weekly returns is -797.1 %².
Among the 32 assets we track against GE, LOCL ranks #25 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GE ahead by 84.8 points (+26.0% versus -58.8%). Note the risk asymmetry: LOCL runs 4.6 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 LOCL: side by side
| GE (GE Aerospace) | LOCL (Local Bounti Corporation) | |
|---|---|---|
| 1-year return | +26.0% | -58.8% |
| 5-year return | +435.6% | -99.2% |
| Volatility (ann.) | 30.9% | 142.7% |
| Beta vs S&P 500 | 1.24 | -0.49 |
| Max drawdown (3Y) | -21.4% | -79.4% |
| Market cap | $355.6B | – |
| P/E (trailing) | 41.8 | – |
| Dividend yield | 0.47% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | GE | LOCL |
|---|---|---|
| 2022 | -10.9% | -78.4% |
| 2023 | +95.7% | -88.5% |
| 2024 | +64.8% | +0.0% |
| 2025 | +85.7% | +3.4% |
| 2026 | +11.6% | -53.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GE and LOCL good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GE and LOCL?
The GE/LOCL correlation stands at -0.18 on a 3-year window (1 year: -0.08, 5 years: -0.06), computed from weekly returns as of 2026-08-27.
Is LOCL a good diversifier for GE?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 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/ge-vs-locl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ge-vs-locl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GE correlations · LOCL correlations
