GE vs USO: Correlation
GE Aerospace (GE) and United States Oil Fund (USO) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GE and USO?
On 3 years of weekly data the GE/USO correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.51) runs below the 3-year figure (-0.20). The 5-year figure is -0.05, and annualized covariance runs at -247.9 %².
By 3-year correlation, USO places #27 of the 32 assets tracked against GE. Correlation aside, the last 12 months split them widely, with USO ahead by 48.1 points (+26.0% versus +74.1%). The relationship is regime-dependent: the rolling one-year correlation swung between -0.51 and 0.30 over the past three years, so this pair behaves very differently depending on the market environment.
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 USO: side by side
| GE (GE Aerospace) | USO (United States Oil Fund) | |
|---|---|---|
| 1-year return | +26.0% | +74.1% |
| 5-year return | +435.6% | +168.6% |
| Volatility (ann.) | 30.9% | 39.4% |
| Beta vs S&P 500 | 1.24 | -0.20 |
| Max drawdown (3Y) | -21.4% | -32.5% |
| Market cap | $355.6B | – |
| P/E (trailing) | 41.8 | – |
| Dividend yield | 0.47% | – |
| Sector / category | Industrials | ETF · Commodities |
Year-by-year returns
| Year | GE | USO |
|---|---|---|
| 2022 | -10.9% | +29.0% |
| 2023 | +95.7% | -4.9% |
| 2024 | +64.8% | +13.4% |
| 2025 | +85.7% | -8.5% |
| 2026 | +11.6% | +88.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GE and USO good diversifiers for each other?
Yes. With a correlation of -0.20, GE and USO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GE and USO?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.51 over the last year and -0.05 over 5 years.
Is USO a good diversifier for GE?
Yes. With a correlation of -0.20, GE and USO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 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-uso.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ge-vs-uso/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GE correlations · USO correlations
