GE vs PH: Correlation
Measured on weekly returns over the past three years, GE Aerospace (GE) and Parker Hannifin (PH) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GE and PH?
Over the past 3 years, GE and PH moved with a correlation of 0.59, which is moderate. The link has loosened recently: the 1-year correlation (0.41) runs below the 3-year figure (0.59). Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 481.2 %².
Within GE's tracked universe of 32 assets, PH comes in at #6 by 3-year correlation. The trailing year gives PH the advantage: +26.0% versus +32.8%, a 6.8-point spread. The rolling one-year correlation moved between 0.37 and 0.80 over the past three years, a moderate range.
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 PH: side by side
| GE (GE Aerospace) | PH (Parker Hannifin) | |
|---|---|---|
| 1-year return | +26.0% | +32.8% |
| 5-year return | +435.6% | +256.4% |
| Volatility (ann.) | 30.9% | 26.6% |
| Beta vs S&P 500 | 1.24 | 1.16 |
| Max drawdown (3Y) | -21.4% | -26.8% |
| Market cap | $355.6B | $127.5B |
| P/E (trailing) | 41.8 | 36.5 |
| Dividend yield | 0.47% | 0.71% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | GE | PH |
|---|---|---|
| 2022 | -10.9% | -6.9% |
| 2023 | +95.7% | +60.8% |
| 2024 | +64.8% | +39.6% |
| 2025 | +85.7% | +39.5% |
| 2026 | +11.6% | +15.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GE and PH good diversifiers for each other?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between GE and PH?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.41 over the last year and 0.60 over 5 years.
Is PH a good diversifier for GE?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.59 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-ph.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ge-vs-ph/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GE correlations · PH correlations
