AMZN vs JNJ: Correlation
How closely do Amazon (AMZN) and Johnson & Johnson (JNJ) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMZN and JNJ?
On 3 years of weekly data the AMZN/JNJ correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.53) than the 3-year average (-0.27). The 5-year figure is -0.14, and annualized covariance runs at -156.7 %².
Among the 38 assets we track against AMZN, JNJ sits near the bottom by co-movement, at rank #34. The last year tells two different stories: JNJ led by 41.9 percentage points, +11.8% for AMZN against +53.7% for JNJ. The relationship is regime-dependent: the rolling one-year correlation swung between -0.54 and -0.01 over the past three years, so this pair behaves very differently depending on the market environment. Note the risk asymmetry: AMZN runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AMZN vs JNJ: side by side
| AMZN (Amazon) | JNJ (Johnson & Johnson) | |
|---|---|---|
| 1-year return | +11.8% | +53.7% |
| 5-year return | +49.8% | +76.0% |
| Volatility (ann.) | 31.0% | 18.5% |
| Beta vs S&P 500 | 1.48 | 0.05 |
| Max drawdown (3Y) | -30.9% | -14.4% |
| Market cap | $2,764.1B | $640.5B |
| P/E (trailing) | 20.9 | 30.9 |
| Dividend yield | 0.00% | 1.94% |
| Sector / category | Consumer Discretionary | Health Care |
Year-by-year returns
| Year | AMZN | JNJ |
|---|---|---|
| 2022 | -49.6% | +6.0% |
| 2023 | +80.9% | -8.6% |
| 2024 | +44.4% | -4.8% |
| 2025 | +5.2% | +47.5% |
| 2026 | +11.0% | +30.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMZN and JNJ good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AMZN and JNJ?
The AMZN/JNJ correlation stands at -0.27 on a 3-year window (1 year: -0.53, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is JNJ a good diversifier for AMZN?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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/amzn-vs-jnj.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/amzn-vs-jnj/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMZN correlations · JNJ correlations
