CISS vs JWEL: Correlation
Measured on weekly returns over the past three years, C3is Inc. (CISS) and Jowell Global Ltd. (JWEL) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CISS and JWEL?
Over the past 3 years, CISS and JWEL moved with a correlation of 0.46, which is moderate. The past 12 months show a tighter link (0.83) than the 3-year average (0.46). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 119504.7 %².
Among the 42 assets we track against CISS, JWEL ranks #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months JWEL outperformed by 121.1 percentage points (-99.5% for CISS against +21.6% for JWEL). Risk is not evenly split, since CISS carries 17.1 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.
CISS vs JWEL: side by side
| CISS (C3is Inc.) | JWEL (Jowell Global Ltd.) | |
|---|---|---|
| 1-year return | -99.5% | +21.6% |
| 5-year return | n/a | -97.2% |
| Volatility (ann.) | 2098.5% | 122.5% |
| Beta vs S&P 500 | 2.24 | 1.34 |
| Max drawdown (3Y) | -100.0% | -81.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CISS | JWEL |
|---|---|---|
| 2022 | – | -98.1% |
| 2023 | – | -67.8% |
| 2024 | -98.9% | +44.9% |
| 2025 | -97.3% | -25.8% |
| 2026 | -93.4% | +2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CISS and JWEL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CISS and JWEL?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.83 over the last year and n/a over 5 years.
Is JWEL a good diversifier for CISS?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
A reading of 0.46 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CISS correlations · JWEL correlations
