GEV (GEV)
Daily ERM3 factor decomposition: how much of GEV's variance is explained by the market, its sector, and its subsector — and the ETF notionals that would neutralize each layer.
- Price
- $996.57
- Market cap
- $269.1B
- 23-day vol
- 59.8%
- Sector proxy
- XLI
- Subsector proxy
- IYJ
Risk DNA
37% of GEV's variance is systematic (explainable by market, sector, and subsector factors); the rest is stock-specific.
Market 23.6%Sector 9.1%Subsector 4.6%Stock-specific 62.7%
ETF hedge ratios
Dollars of ETF to short per $1 of GEV 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 | $-1.84 | — | — | 23.6% |
| L2 | $-0.66 | $-1.26 | — | 32.7% |
| L3 | $-0.91 | $-2.55 | $1.54 | 37.3% |
Data as of July 28, 2026. Updated daily from the ERM3 pipeline.
Go deeper on GEV
Ask the AI risk analyst for GEV's full history, peer comparison, or how it changes your portfolio's risk.