GRMN vs. GE

Last updated Jun 13, 2026

GRMN (Garmin Ltd.) and GE (General Electric Company) are both stocks. GRMN operates in Scientific & Technical Instruments (Technology), while GE operates in Specialty Industrial Machinery (Industrials). Over the past 10 years, GRMN returned 22.02%/yr vs 9.96%/yr for GE. At a 0.37 correlation, their price movements are largely independent.

Performance

GRMN vs. GE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Garmin Ltd. (GRMN) and General Electric Company (GE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GRMN achieves a 17.83% return, which is significantly higher than GE's 9.01% return. Over the past 10 years, GRMN has outperformed GE with an annualized return of 22.02%, while GE has yielded a comparatively lower 9.96% annualized return.

GRMN

• 1D: -0.20%
• 1M: 2.62%
• YTD: 17.83%
• 6M: 14.71%
• 1Y: 16.14%
• 3Y*: 32.81%
• 5Y*: 12.86%
• 10Y*: 22.02%

GE

• 1D: 0.76%
• 1M: 13.77%
• YTD: 9.01%
• 6M: 12.13%
• 1Y: 40.45%
• 3Y*: 58.72%
• 5Y*: 38.14%
• 10Y*: 9.96%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GRMN vs. GE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GRMN Garmin Ltd.	17.83%	-0.06%	63.25%	43.12%	-30.20%	15.90%	25.86%	58.13%	9.84%	27.60%
GE General Electric Company	9.01%	85.73%	64.83%	95.71%	-10.92%	9.69%	-2.73%	54.00%	-55.39%	-42.92%

Correlation

The correlation between GRMN and GE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (10Y) Calculated over the trailing 10-year period	0.38
Correlation (All Time) Calculated using the full available price history since Dec 12, 2000	0.37

The correlation between GRMN and GE shifts across timeframes, from 0.30 (1 year) to 0.43 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap GRMN : $46.09B GE : $351.79B
EPS GRMN : $8.97 GE : $8.15
PE Ratio GRMN : 26.55 GE : 41.14
PEG Ratio GRMN : 2.13 GE : 0.01
PS Ratio GRMN : 6.18 GE : 7.37
PB Ratio GRMN : 4.97 GE : 19.48
Total Revenue (TTM) GRMN : $7.46B GE : $48.35B
Gross Profit (TTM) GRMN : $4.41B GE : $16.84B
EBITDA (TTM) GRMN : $2.26B GE : $11.01B

Return for Risk

GRMN vs. GE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GRMN

GRMN Risk / Return Rank: 57
GRMN Sharpe Ratio Rank: 62
GRMN Sortino Ratio Rank: 54
GRMN Omega Ratio Rank: 56
GRMN Calmar Ratio Rank: 57
GRMN Martin Ratio Rank: 57

GE

GE Risk / Return Rank: 76
GE Sharpe Ratio Rank: 80
GE Sortino Ratio Rank: 74
GE Omega Ratio Rank: 73
GE Calmar Ratio Rank: 76
GE Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GRMN vs. GE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Garmin Ltd. (GRMN) and General Electric Company (GE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GRMN	GE	Difference
Sharpe ratio: Return per unit of total volatility	0.53	1.29	-0.75
Sortino ratio: Return per unit of downside risk	0.90	1.82	-0.92
Omega ratio: Gain probability vs. loss probability	1.12	1.23	-0.11
Calmar ratio: Return relative to maximum drawdown	0.58	1.95	-1.37
Martin ratio: Return relative to average drawdown	1.27	5.26	-4.00

GRMN vs. GE - Sharpe Ratio Comparison

The current GRMN Sharpe Ratio is 0.53, which is lower than the GE Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of GRMN and GE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GRMN vs. GE - Drawdown Comparison

The maximum GRMN drawdown since its inception was -87.71%, roughly equal to the maximum GE drawdown of -85.53%. Use the drawdown chart below to compare losses from any high point for GRMN and GE.

Drawdown Indicators

	GRMN	GE	Difference
Max Drawdown Largest peak-to-trough decline	-87.71%	-85.53%	-2.18%
Max Drawdown (1Y) Largest decline over 1 year	-27.97%	-20.85%	-7.12%
Max Drawdown (3Y) Largest decline over 3 years	-27.97%	-21.36%	-6.61%
Max Drawdown (5Y) Largest decline over 5 years	-54.63%	-44.94%	-9.69%
Max Drawdown (10Y) Largest decline over 10 years	-54.63%	-81.18%	+26.55%
Current Drawdown Current decline from peak	-11.00%	-2.88%	-8.12%
Average Drawdown Average peak-to-trough decline	-31.54%	-25.78%	-5.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.79%	7.71%	+5.08%

Volatility

GRMN vs. GE - Volatility Comparison

The current volatility for Garmin Ltd. (GRMN) is 8.24%, while General Electric Company (GE) has a volatility of 11.02%. This indicates that GRMN experiences smaller price fluctuations and is considered to be less risky than GE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GRMN	GE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.24%	11.02%	-2.78%
Volatility (6M) Calculated over the trailing 6-month period	22.18%	27.28%	-5.10%
Volatility (1Y) Calculated over the trailing 1-year period	30.32%	31.64%	-1.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.41%	31.13%	-0.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.36%	36.37%	-8.01%

Dividends

GRMN vs. GE - Dividend Comparison

GRMN's dividend yield for the trailing twelve months is around 1.51%, more than GE's 0.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GE General Electric Company	0.46%	0.47%	0.67%	0.25%	0.38%	0.34%	0.37%	4.12%	4.89%	4.81%	2.94%	2.95%
GRMN Garmin Ltd.	1.51%	1.70%	1.44%	2.27%	3.10%	1.92%	2.01%	2.30%	3.32%	3.42%	4.21%	5.41%

Financials

GRMN vs. GE - Profitability Comparison

The chart below illustrates the profitability comparison between Garmin Ltd. and General Electric Company over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

GRMN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Garmin Ltd. reported a gross profit of 1.04B and revenue of 1.75B. Therefore, the gross margin over that period was 59.4%.

GE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, General Electric Company reported a gross profit of 3.85B and revenue of 12.39B. Therefore, the gross margin over that period was 31.0%.

GRMN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Garmin Ltd. reported an operating income of 431.67M and revenue of 1.75B, resulting in an operating margin of 24.6%.

GE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, General Electric Company reported an operating income of 1.70B and revenue of 12.39B, resulting in an operating margin of 13.7%.

GRMN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Garmin Ltd. reported a net income of 405.08M and revenue of 1.75B, resulting in a net margin of 23.1%.

GE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, General Electric Company reported a net income of 1.94B and revenue of 12.39B, resulting in a net margin of 15.6%.

Frequently Asked Questions

Can I hold both GRMN and GE in my portfolio?

GRMN and GE have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GRMN or GE?

GE has higher volatility (11.02%) compared to GRMN (8.24%). In terms of maximum drawdown, GRMN dropped -87.71% vs GE's -85.53%.

Which has better risk-adjusted returns?

GE currently has the higher Sharpe Ratio (1.29 vs 0.53), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.