GIS vs SOXX: Correlation
How closely do General Mills (GIS) and iShares Semiconductor ETF (SOXX) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIS and SOXX?
On 3 years of weekly data the GIS/SOXX correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.22) sits close to the 3-year figure. The 5-year figure is -0.17, and annualized covariance runs at -143.3 %².
Among the 38 assets we track against GIS, SOXX ranks #27 by 3-year correlation. The last year tells two different stories: SOXX led by 122.8 percentage points, -12.8% for GIS against +110.0% for SOXX. The relationship is regime-dependent: the rolling one-year correlation swung between -0.49 and 0.06 over the past three years, so this pair behaves very differently depending on the market environment. One caveat on sizing: SOXX is 1.7 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 SOXX: side by side
| GIS (General Mills) | SOXX (iShares Semiconductor ETF) | |
|---|---|---|
| 1-year return | -12.8% | +110.0% |
| 5-year return | -14.6% | +247.5% |
| Volatility (ann.) | 20.6% | 35.2% |
| Beta vs S&P 500 | -0.05 | 1.93 |
| Max drawdown (3Y) | -53.4% | -41.4% |
| Market cap | $21.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 6.09% | 0.29% |
| Expense ratio | – | 0.33% |
| Assets under management | – | $44.7B |
| Sector / category | Consumer Staples | ETF · Thematic |
On the fund side, SOXX sits in the Technology category at iShares, with $44.7B under management, 30 holdings, a 0.33% expense ratio, a 0.29% trailing dividend yield.
Year-by-year returns
| Year | GIS | SOXX |
|---|---|---|
| 2022 | +28.1% | -35.1% |
| 2023 | -20.0% | +67.1% |
| 2024 | +1.4% | +12.9% |
| 2025 | -23.7% | +40.7% |
| 2026 | -8.8% | +74.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIS and SOXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between GIS and SOXX?
As of 2026-08-27, the correlation of weekly returns between GIS and SOXX is -0.20 over 3 years, -0.22 over 1 year and -0.17 over 5 years.
Is SOXX a good diversifier for GIS?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 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-soxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gis-vs-soxx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GIS correlations · SOXX correlations
