AEIS vs JBL: Correlation
How closely do Advanced Energy Industries, Inc. (AEIS) and Jabil (JBL) trade together? Their weekly returns over three years give a correlation of 0.65, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEIS and JBL?
On 3 years of weekly data the AEIS/JBL correlation comes out at 0.65, strong. Little has changed lately, as the 1-year reading of 0.69 lands near the 3-year figure. The 5-year figure is 0.64, and annualized covariance runs at 1160.4 %².
Within AEIS's tracked universe of 32 assets, JBL comes in at #8 by 3-year correlation. The last year tells two different stories: AEIS led by 36.6 percentage points, +87.0% for AEIS against +50.4% for JBL.
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.
AEIS vs JBL: side by side
| AEIS (Advanced Energy Industries, Inc.) | JBL (Jabil) | |
|---|---|---|
| 1-year return | +87.0% | +50.4% |
| 5-year return | +222.9% | +405.5% |
| Volatility (ann.) | 43.9% | 40.6% |
| Beta vs S&P 500 | 1.69 | 1.47 |
| Max drawdown (3Y) | -39.9% | -36.8% |
| Market cap | $11.5B | $32.7B |
| P/E (trailing) | 52.4 | 38.9 |
| Dividend yield | 0.14% | 0.10% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | AEIS | JBL |
|---|---|---|
| 2022 | -5.4% | -2.5% |
| 2023 | +27.5% | +87.4% |
| 2024 | +6.6% | +13.3% |
| 2025 | +81.6% | +58.7% |
| 2026 | +37.3% | +37.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEIS and JBL good diversifiers for each other?
To a limited degree. At 0.65 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AEIS and JBL?
The AEIS/JBL correlation stands at 0.65 on a 3-year window (1 year: 0.69, 5 years: 0.64), computed from weekly returns as of 2026-08-27.
Is JBL a good diversifier for AEIS?
To a limited degree. At 0.65 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.65 mean?
On the −1 to +1 scale, 0.65 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aeis-vs-jbl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aeis-vs-jbl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AEIS correlations · JBL correlations
