GEV vs GIS: Correlation
Measured on weekly returns over the past three years, GE Vernova (GEV) and General Mills (GIS) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEV and GIS?
On 3 years of weekly data the GEV/GIS correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.10 versus -0.24 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -243.4 %².
Within GEV's tracked universe of 33 assets, GIS comes in at #23 by 3-year correlation. The last year tells two different stories: GEV led by 66.4 percentage points, +53.6% for GEV against -12.8% for GIS. Across three years, the rolling one-year figure varied moderately, from -0.47 to -0.08. One caveat on sizing: GEV is 2.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
GEV vs GIS: side by side
| GEV (GE Vernova) | GIS (General Mills) | |
|---|---|---|
| 1-year return | +53.6% | -12.8% |
| 5-year return | n/a | -14.6% |
| Volatility (ann.) | 45.8% | 20.6% |
| Beta vs S&P 500 | 1.42 | -0.05 |
| Max drawdown (3Y) | -38.3% | -53.4% |
| Market cap | $254.0B | $21.6B |
| P/E (trailing) | 27.3 | – |
| Dividend yield | 0.18% | 6.09% |
| Sector / category | Industrials | Consumer Staples |
Year-by-year returns
| Year | GEV | GIS |
|---|---|---|
| 2022 | – | +28.1% |
| 2023 | – | -20.0% |
| 2024 | – | +1.4% |
| 2025 | +99.0% | -23.7% |
| 2026 | +46.2% | -8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEV and GIS good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GEV and GIS?
As of 2026-08-27, the correlation of weekly returns between GEV and GIS is -0.24 over 3 years, -0.10 over 1 year and n/a over 5 years.
Is GIS a good diversifier for GEV?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
A reading of -0.24 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/gev-vs-gis.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gev-vs-gis/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GEV correlations · GIS correlations
