GEHC vs VTV: Correlation
How closely do GE HealthCare (GEHC) and Vanguard Value ETF (VTV) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEHC and VTV?
Over the past 3 years, GEHC and VTV moved with a correlation of 0.60, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.47 versus 0.60 over 3 years. Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 232.1 %².
By 3-year correlation, VTV places #15 of the 52 assets tracked against GEHC. Correlation aside, the last 12 months split them widely, with VTV ahead by 27.9 points (-2.2% versus +25.7%). On a rolling one-year basis the correlation drifted between 0.34 and 0.84, a moderate band. 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 VTV: side by side
| GEHC (GE HealthCare) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | -2.2% | +25.7% |
| 5-year return | n/a | +79.1% |
| Volatility (ann.) | 32.4% | 11.9% |
| Beta vs S&P 500 | 1.22 | 0.65 |
| Max drawdown (3Y) | -37.4% | -14.5% |
| Market cap | $32.7B | – |
| P/E (trailing) | 16.9 | – |
| Dividend yield | 0.19% | 1.86% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $256.4B |
| Sector / category | Health Care | ETF · US Style |
On the fund side, VTV sits in the Large Value category at Vanguard, with $256.4B under management, 308 holdings, a 0.03% expense ratio, a 1.86% trailing dividend yield.
Year-by-year returns
| Year | GEHC | VTV |
|---|---|---|
| 2022 | – | -2.1% |
| 2023 | +32.6% | +9.3% |
| 2024 | +1.3% | +16.0% |
| 2025 | +5.1% | +15.3% |
| 2026 | -11.5% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.12% of VTV is GEHC itself, so the fund partly moves with the stock by construction.
Are GEHC and VTV good diversifiers for each other?
Only partially. A correlation of 0.60 means GEHC and VTV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between GEHC and VTV?
As of 2026-08-27, the correlation of weekly returns between GEHC and VTV is 0.60 over 3 years, 0.47 over 1 year and 0.56 over 5 years.
Is VTV a good diversifier for GEHC?
Only partially. A correlation of 0.60 means GEHC and VTV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.60 mean?
A reading of 0.60 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: GEHC correlations · VTV correlations
