CION vs JJSF: Correlation
How closely do CION Investment Corporation (CION) and J & J Snack Foods Corp. (JJSF) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CION and JJSF?
Over the past 3 years, CION and JJSF moved with a correlation of 0.44, which is moderate. The past 12 months show a tighter link (0.55) than the 3-year average (0.44). Over 5 years the correlation is 0.23, and the annualized covariance of weekly returns is 402.2 %².
Within CION's tracked universe of 22 assets, JJSF comes in at #13 by 3-year correlation. Their 12-month results are close: -17.7% for CION against -20.0% for JJSF.
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.
CION vs JJSF: side by side
| CION (CION Investment Corporation) | JJSF (J & J Snack Foods Corp.) | |
|---|---|---|
| 1-year return | -17.7% | -20.0% |
| 5-year return | +26.2% | -39.4% |
| Volatility (ann.) | 30.2% | 30.3% |
| Beta vs S&P 500 | 0.86 | 0.31 |
| Max drawdown (3Y) | -40.3% | -59.2% |
| Market cap | $0.4B | $1.6B |
| P/E (trailing) | 123.5 | 34.4 |
| Dividend yield | 17.98% | 3.61% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CION | JJSF |
|---|---|---|
| 2022 | -14.8% | -3.4% |
| 2023 | +35.4% | +13.7% |
| 2024 | +14.8% | -5.4% |
| 2025 | -2.3% | -40.0% |
| 2026 | -14.6% | -0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CION and JJSF good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CION and JJSF?
As of 2026-08-27, the correlation of weekly returns between CION and JJSF is 0.44 over 3 years, 0.55 over 1 year and 0.23 over 5 years.
Is JJSF a good diversifier for CION?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 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/cion-vs-jjsf.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cion-vs-jjsf/)
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Related comparisons
Hubs: CION correlations · JJSF correlations
