GIS vs RMBS: Correlation
How closely do General Mills (GIS) and Rambus, Inc. (RMBS) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIS and RMBS?
Across a 3-year window, the weekly returns of GIS and RMBS correlate at -0.24, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.20 over 1 year against -0.24 over 3. Stretching to 5 years gives -0.21, with an annualized covariance of -289.9 %².
By 3-year correlation, RMBS places #30 of the 38 assets tracked against GIS. The last year tells two different stories: RMBS led by 34.2 percentage points, -12.8% for GIS against +21.4% for RMBS. Risk is not evenly split, since RMBS carries 2.9 times the volatility of the other side.
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 RMBS: side by side
| GIS (General Mills) | RMBS (Rambus, Inc.) | |
|---|---|---|
| 1-year return | -12.8% | +21.4% |
| 5-year return | -14.6% | +269.6% |
| Volatility (ann.) | 20.6% | 59.1% |
| Beta vs S&P 500 | -0.05 | 2.22 |
| Max drawdown (3Y) | -53.4% | -51.5% |
| Market cap | $21.6B | $9.9B |
| P/E (trailing) | – | 41.4 |
| Dividend yield | 6.09% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | GIS | RMBS |
|---|---|---|
| 2022 | +28.1% | +21.9% |
| 2023 | -20.0% | +90.5% |
| 2024 | +1.4% | -22.5% |
| 2025 | -23.7% | +73.8% |
| 2026 | -8.8% | -0.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIS and RMBS good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GIS and RMBS?
As of 2026-08-27, the correlation of weekly returns between GIS and RMBS is -0.24 over 3 years, -0.20 over 1 year and -0.21 over 5 years.
Is RMBS a good diversifier for GIS?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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.
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Related comparisons
Hubs: GIS correlations · RMBS correlations
