CMI vs JYD: Correlation
How closely do Cummins (CMI) and Jayud Global Logistics Limited - Class A (JYD) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMI and JYD?
On 3 years of weekly data the CMI/JYD correlation comes out at 0.31, moderate. Little has changed lately, as the 1-year reading of 0.22 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 1094.0 %².
By 3-year correlation, JYD places #26 of the 36 assets tracked against CMI. The last year tells two different stories: CMI led by 134.6 percentage points, +45.1% for CMI against -89.5% for JYD. Risk is not evenly split, since JYD carries 5.3 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.
CMI vs JYD: side by side
| CMI (Cummins) | JYD (Jayud Global Logistics Limited - Class A) | |
|---|---|---|
| 1-year return | +45.1% | -89.5% |
| 5-year return | +169.6% | n/a |
| Volatility (ann.) | 25.9% | 136.8% |
| Beta vs S&P 500 | 1.05 | 1.58 |
| Max drawdown (3Y) | -30.5% | -99.8% |
| Market cap | $79.0B | – |
| P/E (trailing) | 29.6 | – |
| Dividend yield | 1.38% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | CMI | JYD |
|---|---|---|
| 2022 | +14.1% | – |
| 2023 | +1.7% | – |
| 2024 | +48.9% | +188.3% |
| 2025 | +49.4% | -96.9% |
| 2026 | +13.6% | -81.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMI and JYD good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CMI and JYD?
The CMI/JYD correlation stands at 0.31 on a 3-year window (1 year: 0.22, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is JYD a good diversifier for CMI?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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/cmi-vs-jyd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cmi-vs-jyd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CMI correlations · JYD correlations
