GIS vs HRL: Correlation
Measured on weekly returns over the past three years, General Mills (GIS) and Hormel Foods (HRL) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIS and HRL?
On 3 years of weekly data the GIS/HRL correlation comes out at 0.33, moderate. Recent behaviour matches the longer record: 0.24 over 1 year against 0.33 over 3. The 5-year figure is 0.37, and annualized covariance runs at 174.9 %².
Within GIS's tracked universe of 38 assets, HRL comes in at #19 by 3-year correlation. On 12-month performance GIS holds a 10.0-point edge, -12.8% against -22.8%. Across three years, the rolling one-year figure varied moderately, from 0.17 to 0.64.
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.
GIS vs HRL: side by side
| GIS (General Mills) | HRL (Hormel Foods) | |
|---|---|---|
| 1-year return | -12.8% | -22.8% |
| 5-year return | -14.6% | -44.3% |
| Volatility (ann.) | 20.6% | 26.1% |
| Beta vs S&P 500 | -0.05 | 0.07 |
| Max drawdown (3Y) | -53.4% | -44.5% |
| Market cap | $21.6B | – |
| P/E (trailing) | – | 28.0 |
| Dividend yield | 6.09% | 0.00% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | GIS | HRL |
|---|---|---|
| 2022 | +28.1% | -4.7% |
| 2023 | -20.0% | -27.5% |
| 2024 | +1.4% | +1.2% |
| 2025 | -23.7% | -21.3% |
| 2026 | -8.8% | -6.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIS and HRL good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GIS and HRL?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.24 over the last year and 0.37 over 5 years.
Is HRL a good diversifier for GIS?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 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/gis-vs-hrl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gis-vs-hrl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GIS correlations · HRL correlations
