GEV vs JCI: Correlation
GE Vernova (GEV) and Johnson Controls (JCI) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEV and JCI?
Over the past 3 years, GEV and JCI moved with a correlation of 0.51, which is moderate. Recent behaviour matches the longer record: 0.44 over 1 year against 0.51 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 672.3 %².
By 3-year correlation, JCI places #15 of the 33 assets tracked against GEV. Correlation aside, the last 12 months split them widely, with GEV ahead by 22.7 points (+53.6% versus +30.9%). Across three years, the rolling one-year figure varied moderately, from 0.38 to 0.65. One caveat on sizing: GEV is 1.6 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 JCI: side by side
| GEV (GE Vernova) | JCI (Johnson Controls) | |
|---|---|---|
| 1-year return | +53.6% | +30.9% |
| 5-year return | n/a | +108.2% |
| Volatility (ann.) | 45.8% | 28.1% |
| Beta vs S&P 500 | 1.42 | 0.98 |
| Max drawdown (3Y) | -38.3% | -21.1% |
| Market cap | $254.0B | $86.1B |
| P/E (trailing) | 27.3 | 40.1 |
| Dividend yield | 0.18% | 1.11% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | GEV | JCI |
|---|---|---|
| 2022 | – | -19.3% |
| 2023 | – | -7.6% |
| 2024 | – | +39.8% |
| 2025 | +99.0% | +53.0% |
| 2026 | +46.2% | +19.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEV and JCI good diversifiers for each other?
To a limited degree. At 0.51 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 GEV and JCI?
The GEV/JCI correlation stands at 0.51 on a 3-year window (1 year: 0.44, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is JCI a good diversifier for GEV?
To a limited degree. At 0.51 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 0.51 mean?
A reading of 0.51 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-jci.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gev-vs-jci/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GEV correlations · JCI correlations
