GIS vs KHC: Correlation
Measured on weekly returns over the past three years, General Mills (GIS) and Kraft Heinz (KHC) carry a correlation of 0.66, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIS and KHC?
On 3 years of weekly data the GIS/KHC correlation comes out at 0.66, strong. Recent behaviour matches the longer record: 0.63 over 1 year against 0.66 over 3. The 5-year figure is 0.64, and annualized covariance runs at 293.4 %².
In GIS's tracked universe of 38 assets, KHC sits right near the top at #3. The trailing year gives KHC the advantage: -12.8% versus -3.9%, a 8.9-point spread. The rolling one-year correlation moved between 0.40 and 0.79 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.
GIS vs KHC: side by side
| GIS (General Mills) | KHC (Kraft Heinz) | |
|---|---|---|
| 1-year return | -12.8% | -3.9% |
| 5-year return | -14.6% | -10.9% |
| Volatility (ann.) | 20.6% | 21.7% |
| Beta vs S&P 500 | -0.05 | 0.12 |
| Max drawdown (3Y) | -53.4% | -38.7% |
| Market cap | $21.6B | $29.8B |
| P/E (trailing) | – | – |
| Dividend yield | 6.09% | 6.45% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | GIS | KHC |
|---|---|---|
| 2022 | +28.1% | +18.2% |
| 2023 | -20.0% | -5.0% |
| 2024 | +1.4% | -13.0% |
| 2025 | -23.7% | -16.3% |
| 2026 | -8.8% | +7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIS and KHC good diversifiers for each other?
To a limited degree. At 0.66 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between GIS and KHC?
The GIS/KHC correlation stands at 0.66 on a 3-year window (1 year: 0.63, 5 years: 0.64), computed from weekly returns as of 2026-08-27.
Is KHC a good diversifier for GIS?
To a limited degree. At 0.66 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.66 mean?
A reading of 0.66 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/gis-vs-khc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gis-vs-khc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GIS correlations · KHC correlations
