GEHC vs ISRG: Correlation
GE HealthCare (GEHC) and Intuitive Surgical (ISRG) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEHC and ISRG?
On 3 years of weekly data the GEHC/ISRG correlation comes out at 0.47, moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. The 5-year figure is 0.43, and annualized covariance runs at 474.6 %².
Within GEHC's tracked universe of 52 assets, ISRG comes in at #26 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GEHC ahead by 19.9 points (-2.2% versus -22.1%). The rolling one-year correlation moved between 0.07 and 0.56 over the past three years, a moderate range.
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 ISRG: side by side
| GEHC (GE HealthCare) | ISRG (Intuitive Surgical) | |
|---|---|---|
| 1-year return | -2.2% | -22.1% |
| 5-year return | n/a | +4.0% |
| Volatility (ann.) | 32.4% | 31.1% |
| Beta vs S&P 500 | 1.22 | 1.20 |
| Max drawdown (3Y) | -37.4% | -45.6% |
| Market cap | $32.7B | $131.5B |
| P/E (trailing) | 16.9 | 42.5 |
| Dividend yield | 0.19% | 0.00% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | GEHC | ISRG |
|---|---|---|
| 2022 | – | -26.1% |
| 2023 | +32.6% | +27.1% |
| 2024 | +1.3% | +54.7% |
| 2025 | +5.1% | +8.5% |
| 2026 | -11.5% | -35.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEHC and ISRG good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GEHC and ISRG?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.49 over the last year and 0.43 over 5 years.
Is ISRG a good diversifier for GEHC?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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
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Related comparisons
Hubs: GEHC correlations · ISRG correlations
