GE vs WHLR: Correlation
GE Aerospace (GE) and Wheeler Real Estate Investment Trust, Inc. (WHLR) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GE and WHLR?
Over the past 3 years, GE and WHLR moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.27) sits close to the 3-year figure. Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -3041.6 %².
Within GE's tracked universe of 32 assets, WHLR comes in at #26 by 3-year correlation. The last year tells two different stories: GE led by 126.0 percentage points, +26.0% for GE against -100.0% for WHLR. Risk is not evenly split, since WHLR carries 17.6 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 WHLR: side by side
| GE (GE Aerospace) | WHLR (Wheeler Real Estate Investment Trust, Inc.) | |
|---|---|---|
| 1-year return | +26.0% | -100.0% |
| 5-year return | +435.6% | -100.0% |
| Volatility (ann.) | 30.9% | 545.0% |
| Beta vs S&P 500 | 1.24 | -5.84 |
| Max drawdown (3Y) | -21.4% | -100.0% |
| Market cap | $355.6B | – |
| P/E (trailing) | 41.8 | 0.0 |
| Dividend yield | 0.47% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | GE | WHLR |
|---|---|---|
| 2022 | -10.9% | -28.0% |
| 2023 | +95.7% | -98.4% |
| 2024 | +64.8% | -98.4% |
| 2025 | +85.7% | -100.0% |
| 2026 | +11.6% | -99.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GE and WHLR good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GE and WHLR?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with -0.27 over the last year and -0.12 over 5 years.
Is WHLR a good diversifier for GE?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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-whlr.json
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Related comparisons
Hubs: GE correlations · WHLR correlations
