BTX vs JBL: Correlation
Measured on weekly returns over the past three years, BlackRock Technology and Private Equity Term Trust (BTX) and Jabil (JBL) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTX and JBL?
Over the past 3 years, BTX and JBL moved with a correlation of 0.58, which is moderate. The relationship has been stable: the 1-year correlation (0.53) sits close to the 3-year figure. Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 574.7 %².
Within BTX's tracked universe of 20 assets, JBL comes in at #10 by 3-year correlation. Over the last 12 months JBL came out ahead by 10.9 percentage points (+39.5% against +50.4%). Risk is not evenly split, since JBL carries 1.7 times the volatility of the other side.
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.
BTX vs JBL: side by side
| BTX (BlackRock Technology and Private Equity Term Trust) | JBL (Jabil) | |
|---|---|---|
| 1-year return | +39.5% | +50.4% |
| 5-year return | -21.7% | +405.5% |
| Volatility (ann.) | 24.4% | 40.6% |
| Beta vs S&P 500 | 1.23 | 1.47 |
| Max drawdown (3Y) | -31.7% | -36.8% |
| Market cap | $1.1B | $32.7B |
| P/E (trailing) | 23.8 | 38.9 |
| Dividend yield | 0.00% | 0.10% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | BTX | JBL |
|---|---|---|
| 2022 | -47.8% | -2.5% |
| 2023 | +19.3% | +87.4% |
| 2024 | +13.4% | +13.3% |
| 2025 | +0.9% | +58.7% |
| 2026 | +45.3% | +37.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTX and JBL good diversifiers for each other?
To a limited degree. At 0.58 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 BTX and JBL?
As of 2026-08-27, the correlation of weekly returns between BTX and JBL is 0.58 over 3 years, 0.53 over 1 year and 0.56 over 5 years.
Is JBL a good diversifier for BTX?
To a limited degree. At 0.58 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 0.58 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/btx-vs-jbl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/btx-vs-jbl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BTX correlations · JBL correlations
