GEV vs KHC: Correlation
Measured on weekly returns over the past three years, GE Vernova (GEV) and Kraft Heinz (KHC) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEV and KHC?
Over the past 3 years, GEV and KHC moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.11) than the 3-year average (-0.26). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -265.3 %².
Among the 33 assets we track against GEV, KHC ranks #26 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GEV outperformed by 57.5 percentage points (+53.6% for GEV against -3.9% for KHC). The relationship is regime-dependent: the rolling one-year correlation swung between -0.47 and 0.06 over the past three years, so this pair behaves very differently depending on the market environment. One caveat on sizing: GEV is 2.1 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 KHC: side by side
| GEV (GE Vernova) | KHC (Kraft Heinz) | |
|---|---|---|
| 1-year return | +53.6% | -3.9% |
| 5-year return | n/a | -10.9% |
| Volatility (ann.) | 45.8% | 21.7% |
| Beta vs S&P 500 | 1.42 | 0.12 |
| Max drawdown (3Y) | -38.3% | -38.7% |
| Market cap | $254.0B | $29.8B |
| P/E (trailing) | 27.3 | – |
| Dividend yield | 0.18% | 6.45% |
| Sector / category | Industrials | Consumer Staples |
Year-by-year returns
| Year | GEV | KHC |
|---|---|---|
| 2022 | – | +18.2% |
| 2023 | – | -5.0% |
| 2024 | – | -13.0% |
| 2025 | +99.0% | -16.3% |
| 2026 | +46.2% | +7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEV and KHC good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GEV and KHC?
The GEV/KHC correlation stands at -0.26 on a 3-year window (1 year: -0.11, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is KHC a good diversifier for GEV?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 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/gev-vs-khc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gev-vs-khc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GEV correlations · KHC correlations
