GIS vs PPC: Correlation
General Mills (GIS) and Pilgrim's Pride Corporation (PPC) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIS and PPC?
Across a 3-year window, the weekly returns of GIS and PPC correlate at 0.34, moderate. The link has tightened recently: the 1-year correlation (0.48) runs above the 3-year figure (0.34). Stretching to 5 years gives 0.24, with an annualized covariance of 214.0 %².
Within GIS's tracked universe of 38 assets, PPC comes in at #17 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GIS outperformed by 18.0 percentage points (-12.8% for GIS against -30.8% for PPC).
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 PPC: side by side
| GIS (General Mills) | PPC (Pilgrim's Pride Corporation) | |
|---|---|---|
| 1-year return | -12.8% | -30.8% |
| 5-year return | -14.6% | +32.4% |
| Volatility (ann.) | 20.6% | 30.3% |
| Beta vs S&P 500 | -0.05 | -0.17 |
| Max drawdown (3Y) | -53.4% | -49.2% |
| Market cap | $21.6B | $7.4B |
| P/E (trailing) | – | 13.6 |
| Dividend yield | 6.09% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | GIS | PPC |
|---|---|---|
| 2022 | +28.1% | -15.9% |
| 2023 | -20.0% | +16.6% |
| 2024 | +1.4% | +64.1% |
| 2025 | -23.7% | +1.4% |
| 2026 | -8.8% | -20.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIS and PPC good diversifiers for each other?
Reasonably. At 0.34, GIS and PPC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GIS and PPC?
The GIS/PPC correlation stands at 0.34 on a 3-year window (1 year: 0.48, 5 years: 0.24), computed from weekly returns as of 2026-08-27.
Is PPC a good diversifier for GIS?
Reasonably. At 0.34, GIS and PPC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 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-ppc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gis-vs-ppc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GIS correlations · PPC correlations
