ARES vs JEF: Correlation
How closely do Ares Management (ARES) and Jefferies Financial Group Inc. (JEF) trade together? Their weekly returns over three years give a correlation of 0.64, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARES and JEF?
Over the past 3 years, ARES and JEF moved with a correlation of 0.64, which is strong. The relationship has been stable: the 1-year correlation (0.62) sits close to the 3-year figure. Over 5 years the correlation is 0.66, and the annualized covariance of weekly returns is 889.9 %².
By 3-year correlation, JEF places #10 of the 32 assets tracked against ARES. Twelve-month performance is nearly a tie, at -17.7% for ARES and -15.9% for JEF.
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.
ARES vs JEF: side by side
| ARES (Ares Management) | JEF (Jefferies Financial Group Inc.) | |
|---|---|---|
| 1-year return | -17.7% | -15.9% |
| 5-year return | +118.7% | +73.8% |
| Volatility (ann.) | 35.5% | 39.3% |
| Beta vs S&P 500 | 1.55 | 1.57 |
| Max drawdown (3Y) | -50.0% | -54.4% |
| Market cap | $47.0B | $10.7B |
| P/E (trailing) | 65.0 | 14.8 |
| Dividend yield | 3.48% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | ARES | JEF |
|---|---|---|
| 2022 | -12.8% | -8.5% |
| 2023 | +79.5% | +27.7% |
| 2024 | +52.7% | +98.8% |
| 2025 | -6.2% | -18.8% |
| 2026 | -9.8% | -12.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARES and JEF good diversifiers for each other?
Only partially. A correlation of 0.64 means ARES and JEF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ARES and JEF?
As of 2026-08-27, the correlation of weekly returns between ARES and JEF is 0.64 over 3 years, 0.62 over 1 year and 0.66 over 5 years.
Is JEF a good diversifier for ARES?
Only partially. A correlation of 0.64 means ARES and JEF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.64 mean?
A reading of 0.64 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ares-vs-jef.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ares-vs-jef/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARES correlations · JEF correlations
