GEV vs VRT: Correlation
How closely do GE Vernova (GEV) and Vertiv (VRT) trade together? Their weekly returns over three years give a correlation of 0.66, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEV and VRT?
On 3 years of weekly data the GEV/VRT correlation comes out at 0.66, strong. The past 12 months show a weaker link (0.48) than the 3-year average (0.66). The 5-year figure is n/a, and annualized covariance runs at 1828.2 %².
VRT is one of the assets that tracks GEV most closely: it ranks #2 out of the 33 assets we track against GEV. Correlation aside, the last 12 months split them widely, with VRT ahead by 54.9 points (+53.6% versus +108.5%). The rolling one-year correlation moved between 0.42 and 0.85 over the past three years, a moderate range.
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 VRT: side by side
| GEV (GE Vernova) | VRT (Vertiv) | |
|---|---|---|
| 1-year return | +53.6% | +108.5% |
| 5-year return | n/a | +847.7% |
| Volatility (ann.) | 45.8% | 57.1% |
| Beta vs S&P 500 | 1.42 | 2.36 |
| Max drawdown (3Y) | -38.3% | -61.3% |
| Market cap | $254.0B | $103.7B |
| P/E (trailing) | 27.3 | 59.6 |
| Dividend yield | 0.18% | 0.07% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | GEV | VRT |
|---|---|---|
| 2022 | – | -45.3% |
| 2023 | – | +251.8% |
| 2024 | – | +136.8% |
| 2025 | +99.0% | +42.8% |
| 2026 | +46.2% | +66.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEV and VRT good diversifiers for each other?
Only partially. A correlation of 0.66 means GEV and VRT 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 GEV and VRT?
The GEV/VRT correlation stands at 0.66 on a 3-year window (1 year: 0.48, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VRT a good diversifier for GEV?
Only partially. A correlation of 0.66 means GEV and VRT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.66 mean?
On the −1 to +1 scale, 0.66 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gev-vs-vrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gev-vs-vrt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GEV correlations · VRT correlations
