GEV vs MLGO: Correlation
How closely do GE Vernova (GEV) and MicroAlgo, Inc. (MLGO) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEV and MLGO?
Over the past 3 years, GEV and MLGO moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.06) than the 3-year average (-0.29). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -7027.3 %².
Among the 33 assets we track against GEV, MLGO sits near the bottom by co-movement, at rank #29. Their recent paths diverged sharply: over the last 12 months GEV outperformed by 106.5 percentage points (+53.6% for GEV against -52.9% for MLGO). One caveat on sizing: MLGO is 10.7 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 MLGO: side by side
| GEV (GE Vernova) | MLGO (MicroAlgo, Inc.) | |
|---|---|---|
| 1-year return | +53.6% | -52.9% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 45.8% | 489.7% |
| Beta vs S&P 500 | 1.42 | -2.77 |
| Max drawdown (3Y) | -38.3% | -100.0% |
| Market cap | $254.0B | – |
| P/E (trailing) | 27.3 | 1.9 |
| Dividend yield | 0.18% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | GEV | MLGO |
|---|---|---|
| 2022 | – | -87.6% |
| 2023 | – | -27.0% |
| 2024 | – | -97.9% |
| 2025 | +99.0% | -96.1% |
| 2026 | +46.2% | -6.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEV and MLGO good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GEV and MLGO?
The GEV/MLGO correlation stands at -0.29 on a 3-year window (1 year: -0.06, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MLGO a good diversifier for GEV?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
A reading of -0.29 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-mlgo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gev-vs-mlgo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GEV correlations · MLGO correlations
