GEHC vs TFX: Correlation
GE HealthCare (GEHC) and Teleflex Incorporated (TFX) 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 TFX?
Over the past 3 years, GEHC and TFX moved with a correlation of 0.47, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.59 versus 0.47 over 3 years. Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 537.4 %².
Among the 52 assets we track against GEHC, TFX ranks #28 by 3-year correlation. On 12-month performance TFX holds a 9.7-point edge, -2.2% against +7.5%.
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 TFX: side by side
| GEHC (GE HealthCare) | TFX (Teleflex Incorporated) | |
|---|---|---|
| 1-year return | -2.2% | +7.5% |
| 5-year return | n/a | -63.6% |
| Volatility (ann.) | 32.4% | 35.0% |
| Beta vs S&P 500 | 1.22 | 0.75 |
| Max drawdown (3Y) | -37.4% | -60.1% |
| Market cap | $32.7B | $5.8B |
| P/E (trailing) | 16.9 | – |
| Dividend yield | 0.19% | 0.98% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | GEHC | TFX |
|---|---|---|
| 2022 | – | -23.6% |
| 2023 | +32.6% | +0.5% |
| 2024 | +1.3% | -28.2% |
| 2025 | +5.1% | -30.7% |
| 2026 | -11.5% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEHC and TFX 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 TFX?
The GEHC/TFX correlation stands at 0.47 on a 3-year window (1 year: 0.59, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is TFX 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 · TFX correlations
