GIS vs JBL: Correlation
General Mills (GIS) and Jabil (JBL) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIS and JBL?
On 3 years of weekly data the GIS/JBL correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.14 lands near the 3-year figure. The 5-year figure is -0.16, and annualized covariance runs at -158.4 %².
Among the 38 assets we track against GIS, JBL ranks #25 by 3-year correlation. Correlation aside, the last 12 months split them widely, with JBL ahead by 63.2 points (-12.8% versus +50.4%). The rolling one-year correlation moved between -0.33 and -0.05 over the past three years, a moderate range. One caveat on sizing: JBL is 2.0 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.
GIS vs JBL: side by side
| GIS (General Mills) | JBL (Jabil) | |
|---|---|---|
| 1-year return | -12.8% | +50.4% |
| 5-year return | -14.6% | +405.5% |
| Volatility (ann.) | 20.6% | 40.6% |
| Beta vs S&P 500 | -0.05 | 1.47 |
| Max drawdown (3Y) | -53.4% | -36.8% |
| Market cap | $21.6B | $32.7B |
| P/E (trailing) | – | 38.9 |
| Dividend yield | 6.09% | 0.10% |
| Sector / category | Consumer Staples | Information Technology |
Year-by-year returns
| Year | GIS | JBL |
|---|---|---|
| 2022 | +28.1% | -2.5% |
| 2023 | -20.0% | +87.4% |
| 2024 | +1.4% | +13.3% |
| 2025 | -23.7% | +58.7% |
| 2026 | -8.8% | +37.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIS and JBL good diversifiers for each other?
Yes. With a correlation of -0.19, GIS and JBL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GIS and JBL?
The GIS/JBL correlation stands at -0.19 on a 3-year window (1 year: -0.14, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is JBL a good diversifier for GIS?
Yes. With a correlation of -0.19, GIS and JBL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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/gis-vs-jbl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gis-vs-jbl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GIS correlations · JBL correlations
