CMS vs JNJ: Correlation
How closely do CMS Energy (CMS) and Johnson & Johnson (JNJ) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMS and JNJ?
Over the past 3 years, CMS and JNJ moved with a correlation of 0.53, which is moderate. Little has changed lately, as the 1-year reading of 0.61 lands near the 3-year figure. Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 159.2 %².
By 3-year correlation, JNJ places #27 of the 42 assets tracked against CMS. Correlation aside, the last 12 months split them widely, with JNJ ahead by 56.1 points (-2.4% versus +53.7%). Across three years, the rolling one-year figure varied moderately, from 0.35 to 0.66.
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.
CMS vs JNJ: side by side
| CMS (CMS Energy) | JNJ (Johnson & Johnson) | |
|---|---|---|
| 1-year return | -2.4% | +53.7% |
| 5-year return | +23.8% | +76.0% |
| Volatility (ann.) | 16.2% | 18.5% |
| Beta vs S&P 500 | -0.01 | 0.05 |
| Max drawdown (3Y) | -13.2% | -14.4% |
| Market cap | $21.4B | $640.5B |
| P/E (trailing) | 20.8 | 30.9 |
| Dividend yield | 3.21% | 1.94% |
| Sector / category | Utilities | Health Care |
Year-by-year returns
| Year | CMS | JNJ |
|---|---|---|
| 2022 | +0.2% | +6.0% |
| 2023 | -5.2% | -8.6% |
| 2024 | +18.6% | -4.8% |
| 2025 | +8.1% | +47.5% |
| 2026 | +0.0% | +30.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMS and JNJ good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CMS and JNJ?
The CMS/JNJ correlation stands at 0.53 on a 3-year window (1 year: 0.61, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is JNJ a good diversifier for CMS?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 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/cms-vs-jnj.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cms-vs-jnj/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CMS correlations · JNJ correlations
