BRO vs JKHY: Correlation
Brown & Brown (BRO) and Jack Henry & Associates (JKHY) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRO and JKHY?
On 3 years of weekly data the BRO/JKHY correlation comes out at 0.42, moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. The 5-year figure is 0.45, and annualized covariance runs at 234.6 %².
Within BRO's tracked universe of 35 assets, JKHY comes in at #22 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months JKHY outperformed by 30.8 percentage points (-25.0% for BRO against +5.8% for JKHY). On a rolling one-year basis the correlation drifted between 0.22 and 0.53, a moderate band.
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.
BRO vs JKHY: side by side
| BRO (Brown & Brown) | JKHY (Jack Henry & Associates) | |
|---|---|---|
| 1-year return | -25.0% | +5.8% |
| 5-year return | +27.5% | +2.6% |
| Volatility (ann.) | 24.4% | 23.0% |
| Beta vs S&P 500 | 0.39 | 0.21 |
| Max drawdown (3Y) | -55.8% | -35.4% |
| Market cap | $23.9B | $12.1B |
| P/E (trailing) | 23.3 | 24.7 |
| Dividend yield | 0.89% | 1.38% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | BRO | JKHY |
|---|---|---|
| 2022 | -18.4% | +6.2% |
| 2023 | +25.7% | -5.7% |
| 2024 | +44.3% | +8.7% |
| 2025 | -21.4% | +5.5% |
| 2026 | -9.7% | -6.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRO and JKHY good diversifiers for each other?
Reasonably. At 0.42, BRO and JKHY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BRO and JKHY?
As of 2026-08-27, the correlation of weekly returns between BRO and JKHY is 0.42 over 3 years, 0.50 over 1 year and 0.45 over 5 years.
Is JKHY a good diversifier for BRO?
Reasonably. At 0.42, BRO and JKHY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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/bro-vs-jkhy.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bro-vs-jkhy/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BRO correlations · JKHY correlations
