GE vs VOO: Correlation
How closely do GE Aerospace (GE) and Vanguard S&P 500 ETF (VOO) trade together? Their weekly returns over three years give a correlation of 0.58, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GE and VOO?
Over the past 3 years, GE and VOO moved with a correlation of 0.58, which is moderate. The past 12 months show a weaker link (0.41) than the 3-year average (0.58). Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 255.7 %².
Within GE's tracked universe of 32 assets, VOO comes in at #11 by 3-year correlation. Over the last 12 months GE came out ahead by 5.4 percentage points (+26.0% against +20.6%). On a rolling one-year basis the correlation drifted between 0.34 and 0.79, a moderate band. Risk is not evenly split, since GE carries 2.1 times the volatility of the other side.
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 VOO: side by side
| GE (GE Aerospace) | VOO (Vanguard S&P 500 ETF) | |
|---|---|---|
| 1-year return | +26.0% | +20.6% |
| 5-year return | +435.6% | +83.0% |
| Volatility (ann.) | 30.9% | 14.4% |
| Beta vs S&P 500 | 1.24 | 0.99 |
| Max drawdown (3Y) | -21.4% | -18.7% |
| Market cap | $355.6B | – |
| P/E (trailing) | 41.8 | – |
| Dividend yield | 0.47% | 1.07% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $1,686.9B |
| Sector / category | Industrials | ETF · US Large Cap |
VOO, Vanguard's Large Blend fund, carries $1,686.9B under management, 503 holdings, a 0.03% expense ratio, a 1.07% trailing dividend yield.
Year-by-year returns
| Year | GE | VOO |
|---|---|---|
| 2022 | -10.9% | -18.2% |
| 2023 | +95.7% | +26.3% |
| 2024 | +64.8% | +25.0% |
| 2025 | +85.7% | +17.8% |
| 2026 | +11.6% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.58% of VOO is GE itself, so the fund partly moves with the stock by construction.
Are GE and VOO good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GE and VOO?
As of 2026-08-27, the correlation of weekly returns between GE and VOO is 0.58 over 3 years, 0.41 over 1 year and 0.59 over 5 years.
Is VOO a good diversifier for GE?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 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-voo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ge-vs-voo/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GE correlations · VOO correlations
