GEHC vs SOLV: Correlation
Measured on weekly returns over the past three years, GE HealthCare (GEHC) and Solventum (SOLV) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEHC and SOLV?
On 3 years of weekly data the GEHC/SOLV correlation comes out at 0.52, moderate. The link has tightened recently: the 1-year correlation (0.64) runs above the 3-year figure (0.52). The 5-year figure is n/a, and annualized covariance runs at 503.9 %².
By 3-year correlation, SOLV places #22 of the 52 assets tracked against GEHC. The last year tells two different stories: SOLV led by 26.9 percentage points, -2.2% for GEHC against +24.7% for SOLV. The relationship is regime-dependent: the rolling one-year correlation swung between 0.18 and 0.69 over the past three years, so this pair behaves very differently depending on the market environment.
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 SOLV: side by side
| GEHC (GE HealthCare) | SOLV (Solventum) | |
|---|---|---|
| 1-year return | -2.2% | +24.7% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 32.4% | 30.4% |
| Beta vs S&P 500 | 1.22 | 0.62 |
| Max drawdown (3Y) | -37.4% | -40.0% |
| Market cap | $32.7B | $15.5B |
| P/E (trailing) | 16.9 | 11.2 |
| Dividend yield | 0.19% | 0.00% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | GEHC | SOLV |
|---|---|---|
| 2023 | +32.6% | – |
| 2024 | +1.3% | – |
| 2025 | +5.1% | +20.0% |
| 2026 | -11.5% | +14.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEHC and SOLV good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between GEHC and SOLV?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.64 over the last year and n/a over 5 years.
Is SOLV a good diversifier for GEHC?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 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/gehc-vs-solv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gehc-vs-solv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GEHC correlations · SOLV correlations
