BTI vs JNJ: Correlation
British American Tobacco Industries, p.l.c. (BTI) and Johnson & Johnson (JNJ) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTI and JNJ?
Over the past 3 years, BTI and JNJ moved with a correlation of 0.39, which is moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.39 over 3. Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 161.8 %².
Among the 21 assets we track against BTI, JNJ ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months JNJ outperformed by 48.9 percentage points (+4.8% for BTI against +53.7% for JNJ).
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.
BTI vs JNJ: side by side
| BTI (British American Tobacco Industries, p.l.c.) | JNJ (Johnson & Johnson) | |
|---|---|---|
| 1-year return | +4.8% | +53.7% |
| 5-year return | +119.4% | +76.0% |
| Volatility (ann.) | 22.5% | 18.5% |
| Beta vs S&P 500 | 0.06 | 0.05 |
| Max drawdown (3Y) | -15.3% | -14.4% |
| Market cap | $121.2B | $640.5B |
| P/E (trailing) | 14.5 | 30.9 |
| Dividend yield | 4.27% | 1.94% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | BTI | JNJ |
|---|---|---|
| 2022 | +15.1% | +6.0% |
| 2023 | -20.1% | -8.6% |
| 2024 | +35.4% | -4.8% |
| 2025 | +65.8% | +47.5% |
| 2026 | +2.2% | +30.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTI and JNJ good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BTI and JNJ?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.40 over the last year and 0.36 over 5 years.
Is JNJ a good diversifier for BTI?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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/bti-vs-jnj.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bti-vs-jnj/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BTI correlations · JNJ correlations
