GEHC vs VIG: Correlation
GE HealthCare (GEHC) and Vanguard Dividend Appreciation ETF (VIG) show a strong relationship: their 3-year correlation of weekly returns is 0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEHC and VIG?
Across a 3-year window, the weekly returns of GEHC and VIG correlate at 0.61, strong. Lately the two have drifted apart, with the 1-year correlation at 0.47 versus 0.61 over 3 years. Stretching to 5 years gives 0.58, with an annualized covariance of 233.9 %².
Within GEHC's tracked universe of 52 assets, VIG comes in at #8 by 3-year correlation. The last year tells two different stories: VIG led by 19.3 percentage points, -2.2% for GEHC against +17.1% for VIG. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.32 to 0.84. Risk is not evenly split, since GEHC carries 2.7 times the volatility of the other side.
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 VIG: side by side
| GEHC (GE HealthCare) | VIG (Vanguard Dividend Appreciation ETF) | |
|---|---|---|
| 1-year return | -2.2% | +17.1% |
| 5-year return | n/a | +64.0% |
| Volatility (ann.) | 32.4% | 11.9% |
| Beta vs S&P 500 | 1.22 | 0.74 |
| Max drawdown (3Y) | -37.4% | -15.0% |
| Market cap | $32.7B | – |
| P/E (trailing) | 16.9 | – |
| Dividend yield | 0.19% | 1.50% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $130.9B |
| Sector / category | Health Care | ETF · Dividend |
VIG, Vanguard's Large Blend fund, carries $130.9B under management, 333 holdings, a 0.04% expense ratio, a 1.50% trailing dividend yield.
Year-by-year returns
| Year | GEHC | VIG |
|---|---|---|
| 2022 | – | -9.8% |
| 2023 | +32.6% | +14.5% |
| 2024 | +1.3% | +17.0% |
| 2025 | +5.1% | +14.2% |
| 2026 | -11.5% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEHC and VIG good diversifiers for each other?
To a limited degree. At 0.61 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 VIG?
As of 2026-08-27, the correlation of weekly returns between GEHC and VIG is 0.61 over 3 years, 0.47 over 1 year and 0.58 over 5 years.
Is VIG a good diversifier for GEHC?
To a limited degree. At 0.61 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 0.61 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-vig.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gehc-vs-vig/)
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Related comparisons
Hubs: GEHC correlations · VIG correlations
