GE Aerospace (GE)
Daily ERM3 factor decomposition: how much of GE's variance is explained by the market, its sector, and its subsector — and the ETF notionals that would neutralize each layer.
- Price
- $285.64
- Market cap
- $299.5B
- 23-day vol
- 22.7%
- Sector proxy
- XLI
- Subsector proxy
- IYJ
Risk DNA
50% of GE's variance is systematic (explainable by market, sector, and subsector factors); the rest is stock-specific.
GE carries 50% stock-specific risk against a peer average of 77% — less of what happens here is specific to this name than is typical for its cohort.
ETF hedge ratios
Dollars of ETF to short per $1 of GE held — executable hedge weights, not regression betas. L1 hedges market only; L3 adds sector and subsector layers.
| Level | Market (SPY) | Sector (XLI) | Subsector (IYJ) | Explained risk |
|---|---|---|---|---|
| L1 | $-0.99 | — | — | 22.5% |
| L2 | $0.20 | $-1.26 | — | 48.9% |
| L3 | $0.26 | $-0.95 | $-0.38 | 50.2% |
Data as of October 24, 2026. Updated daily from the ERM3 pipeline.
Go deeper on GE
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