GE vs RTX: Correlation
How closely do GE Aerospace (GE) and RTX Corporation (RTX) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GE and RTX?
Over the past 3 years, GE and RTX moved with a correlation of 0.46, which is moderate. The relationship has been stable: the 1-year correlation (0.52) sits close to the 3-year figure. Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 360.0 %².
Among the 32 assets we track against GE, RTX ranks #21 by 3-year correlation. The trailing year gives RTX the advantage: +26.0% versus +34.7%, a 8.7-point spread. This link changes with the market regime, having swung between 0.04 and 0.66 on a rolling one-year basis.
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 RTX: side by side
| GE (GE Aerospace) | RTX (RTX Corporation) | |
|---|---|---|
| 1-year return | +26.0% | +34.7% |
| 5-year return | +435.6% | +178.4% |
| Volatility (ann.) | 30.9% | 25.1% |
| Beta vs S&P 500 | 1.24 | 0.57 |
| Max drawdown (3Y) | -21.4% | -19.7% |
| Market cap | $355.6B | $285.8B |
| P/E (trailing) | 41.8 | 37.3 |
| Dividend yield | 0.47% | 1.31% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | GE | RTX |
|---|---|---|
| 2022 | -10.9% | +20.0% |
| 2023 | +95.7% | -14.4% |
| 2024 | +64.8% | +40.8% |
| 2025 | +85.7% | +61.4% |
| 2026 | +11.6% | +16.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GE and RTX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GE and RTX?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.52 over the last year and 0.46 over 5 years.
Is RTX a good diversifier for GE?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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/ge-vs-rtx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ge-vs-rtx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GE correlations · RTX correlations
