GIS vs SLGN: Correlation
General Mills (GIS) and Silgan Holdings Inc. (SLGN) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIS and SLGN?
Across a 3-year window, the weekly returns of GIS and SLGN correlate at 0.45, moderate. The relationship has been stable: the 1-year correlation (0.53) sits close to the 3-year figure. Stretching to 5 years gives 0.34, with an annualized covariance of 270.9 %².
Within GIS's tracked universe of 38 assets, SLGN comes in at #11 by 3-year correlation. Their 12-month results are close: -12.8% for GIS against -7.9% for SLGN.
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 SLGN: side by side
| GIS (General Mills) | SLGN (Silgan Holdings Inc.) | |
|---|---|---|
| 1-year return | -12.8% | -7.9% |
| 5-year return | -14.6% | +5.9% |
| Volatility (ann.) | 20.6% | 29.4% |
| Beta vs S&P 500 | -0.05 | 0.58 |
| Max drawdown (3Y) | -53.4% | -35.0% |
| Market cap | $21.6B | $4.4B |
| P/E (trailing) | – | 16.9 |
| Dividend yield | 6.09% | 1.91% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | GIS | SLGN |
|---|---|---|
| 2022 | +28.1% | +22.7% |
| 2023 | -20.0% | -11.3% |
| 2024 | +1.4% | +16.8% |
| 2025 | -23.7% | -21.1% |
| 2026 | -8.8% | +4.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIS and SLGN good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GIS and SLGN?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.53 over the last year and 0.34 over 5 years.
Is SLGN a good diversifier for GIS?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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-slgn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gis-vs-slgn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GIS correlations · SLGN correlations
