GEHC vs RMD: Correlation
Measured on weekly returns over the past three years, GE HealthCare (GEHC) and ResMed (RMD) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEHC and RMD?
Across a 3-year window, the weekly returns of GEHC and RMD correlate at 0.45, moderate. The past 12 months show a tighter link (0.61) than the 3-year average (0.45). Stretching to 5 years gives 0.42, with an annualized covariance of 458.8 %².
Among the 52 assets we track against GEHC, RMD ranks #33 by 3-year correlation. On 12-month performance GEHC holds a 13.3-point edge, -2.2% against -15.5%. This link changes with the market regime, having swung between 0.12 and 0.62 on a rolling one-year basis.
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 RMD: side by side
| GEHC (GE HealthCare) | RMD (ResMed) | |
|---|---|---|
| 1-year return | -2.2% | -15.5% |
| 5-year return | n/a | -14.6% |
| Volatility (ann.) | 32.4% | 31.2% |
| Beta vs S&P 500 | 1.22 | 0.79 |
| Max drawdown (3Y) | -37.4% | -37.3% |
| Market cap | $32.7B | $34.0B |
| P/E (trailing) | 16.9 | 22.6 |
| Dividend yield | 0.19% | 1.02% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | GEHC | RMD |
|---|---|---|
| 2022 | – | -19.5% |
| 2023 | +32.6% | -16.5% |
| 2024 | +1.3% | +34.2% |
| 2025 | +5.1% | +6.3% |
| 2026 | -11.5% | -1.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEHC and RMD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GEHC and RMD?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.61 over the last year and 0.42 over 5 years.
Is RMD a good diversifier for GEHC?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 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-rmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gehc-vs-rmd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GEHC correlations · RMD correlations
