COHU vs JBL: Correlation
Measured on weekly returns over the past three years, Cohu, Inc. (COHU) and Jabil (JBL) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COHU and JBL?
Over the past 3 years, COHU and JBL moved with a correlation of 0.56, which is moderate. The past 12 months show a tighter link (0.68) than the 3-year average (0.56). Over 5 years the correlation is 0.61, and the annualized covariance of weekly returns is 1021.0 %².
Within COHU's tracked universe of 24 assets, JBL comes in at #15 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months COHU outperformed by 104.4 percentage points (+154.8% for COHU against +50.4% for JBL).
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.
COHU vs JBL: side by side
| COHU (Cohu, Inc.) | JBL (Jabil) | |
|---|---|---|
| 1-year return | +154.8% | +50.4% |
| 5-year return | +41.3% | +405.5% |
| Volatility (ann.) | 44.8% | 40.6% |
| Beta vs S&P 500 | 1.74 | 1.47 |
| Max drawdown (3Y) | -64.7% | -36.8% |
| Market cap | $2.4B | $32.7B |
| P/E (trailing) | – | 38.9 |
| Dividend yield | 0.00% | 0.10% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | COHU | JBL |
|---|---|---|
| 2022 | -15.9% | -2.5% |
| 2023 | +10.4% | +87.4% |
| 2024 | -24.6% | +13.3% |
| 2025 | -12.8% | +58.7% |
| 2026 | +122.1% | +37.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COHU and JBL good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between COHU and JBL?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.68 over the last year and 0.61 over 5 years.
Is JBL a good diversifier for COHU?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 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/cohu-vs-jbl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cohu-vs-jbl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: COHU correlations · JBL correlations
