ACP vs JL: Correlation
abrdn Income Credit Strategies Fund (ACP) and J-Long Group Limited - Class A (JL) show a negative relationship: their 3-year correlation of weekly returns is -0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACP and JL?
On 3 years of weekly data the ACP/JL correlation comes out at -0.33, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.09) runs above the 3-year figure (-0.33). The 5-year figure is n/a, and annualized covariance runs at -2330.5 %².
Among the 12 assets we track against ACP, JL sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with ACP ahead by 17.5 points (+1.1% versus -16.4%). One caveat on sizing: JL is 36.2 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.
ACP vs JL: side by side
| ACP (abrdn Income Credit Strategies Fund) | JL (J-Long Group Limited - Class A) | |
|---|---|---|
| 1-year return | +1.1% | -16.4% |
| 5-year return | +0.6% | n/a |
| Volatility (ann.) | 16.0% | 580.0% |
| Beta vs S&P 500 | 0.59 | -1.02 |
| Max drawdown (3Y) | -19.0% | -98.6% |
| Market cap | $0.6B | – |
| P/E (trailing) | 7.7 | 6.5 |
| Dividend yield | 18.53% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACP | JL |
|---|---|---|
| 2022 | -22.9% | – |
| 2023 | +19.3% | – |
| 2024 | +4.8% | – |
| 2025 | +6.6% | +67.1% |
| 2026 | +4.9% | -20.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACP and JL good diversifiers for each other?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
FAQ
What is the correlation between ACP and JL?
As of 2026-08-27, the correlation of weekly returns between ACP and JL is -0.33 over 3 years, -0.09 over 1 year and n/a over 5 years.
Is JL a good diversifier for ACP?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
What does a correlation of -0.33 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/acp-vs-jl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/acp-vs-jl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACP correlations · JL correlations
