GE vs TDG: Correlation
Measured on weekly returns over the past three years, GE Aerospace (GE) and TransDigm Group (TDG) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GE and TDG?
Over the past 3 years, GE and TDG moved with a correlation of 0.56, which is moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 442.7 %².
By 3-year correlation, TDG places #17 of the 32 assets tracked against GE. Correlation aside, the last 12 months split them widely, with GE ahead by 35.1 points (+26.0% versus -9.1%). This link changes with the market regime, having swung between 0.25 and 0.80 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 TDG: side by side
| GE (GE Aerospace) | TDG (TransDigm Group) | |
|---|---|---|
| 1-year return | +26.0% | -9.1% |
| 5-year return | +435.6% | +136.5% |
| Volatility (ann.) | 30.9% | 25.5% |
| Beta vs S&P 500 | 1.24 | 0.91 |
| Max drawdown (3Y) | -21.4% | -25.3% |
| Market cap | $355.6B | $65.6B |
| P/E (trailing) | 41.8 | 36.6 |
| Dividend yield | 0.47% | 0.00% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | GE | TDG |
|---|---|---|
| 2022 | -10.9% | +1.8% |
| 2023 | +95.7% | +66.6% |
| 2024 | +64.8% | +32.3% |
| 2025 | +85.7% | +12.2% |
| 2026 | +11.6% | -10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GE and TDG good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GE and TDG?
As of 2026-08-27, the correlation of weekly returns between GE and TDG is 0.56 over 3 years, 0.47 over 1 year and 0.59 over 5 years.
Is TDG a good diversifier for GE?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
A reading of 0.56 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ge-vs-tdg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ge-vs-tdg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GE correlations · TDG correlations
