GEHC vs IDXX: Correlation
GE HealthCare (GEHC) and Idexx Laboratories (IDXX) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEHC and IDXX?
On 3 years of weekly data the GEHC/IDXX correlation comes out at 0.44, moderate. Recent behaviour matches the longer record: 0.36 over 1 year against 0.44 over 3. The 5-year figure is 0.45, and annualized covariance runs at 436.0 %².
By 3-year correlation, IDXX places #35 of the 52 assets tracked against GEHC. On 12-month performance GEHC holds a 12.7-point edge, -2.2% against -14.9%. The link looks structural: the rolling one-year correlation barely moved, holding between 0.34 and 0.59.
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.
GEHC vs IDXX: side by side
| GEHC (GE HealthCare) | IDXX (Idexx Laboratories) | |
|---|---|---|
| 1-year return | -2.2% | -14.9% |
| 5-year return | n/a | -20.7% |
| Volatility (ann.) | 32.4% | 30.9% |
| Beta vs S&P 500 | 1.22 | 1.01 |
| Max drawdown (3Y) | -37.4% | -37.4% |
| Market cap | $32.7B | $42.9B |
| P/E (trailing) | 16.9 | 38.9 |
| Dividend yield | 0.19% | 0.00% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | GEHC | IDXX |
|---|---|---|
| 2022 | – | -38.0% |
| 2023 | +32.6% | +36.1% |
| 2024 | +1.3% | -25.5% |
| 2025 | +5.1% | +63.6% |
| 2026 | -11.5% | -19.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEHC and IDXX good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GEHC and IDXX?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.36 over the last year and 0.45 over 5 years.
Is IDXX a good diversifier for GEHC?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
A reading of 0.44 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/gehc-vs-idxx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gehc-vs-idxx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GEHC correlations · IDXX correlations
