DOX vs JKHY: Correlation
How closely do Amdocs Limited (DOX) and Jack Henry & Associates (JKHY) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOX and JKHY?
Across a 3-year window, the weekly returns of DOX and JKHY correlate at 0.49, moderate. Little has changed lately, as the 1-year reading of 0.52 lands near the 3-year figure. Stretching to 5 years gives 0.49, with an annualized covariance of 240.4 %².
Within DOX's tracked universe of 22 assets, JKHY comes in at #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with JKHY ahead by 31.4 points (-25.6% versus +5.8%).
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.
DOX vs JKHY: side by side
| DOX (Amdocs Limited) | JKHY (Jack Henry & Associates) | |
|---|---|---|
| 1-year return | -25.6% | +5.8% |
| 5-year return | -8.4% | +2.6% |
| Volatility (ann.) | 21.3% | 23.0% |
| Beta vs S&P 500 | 0.54 | 0.21 |
| Max drawdown (3Y) | -45.5% | -35.4% |
| Market cap | $6.5B | $12.1B |
| P/E (trailing) | 14.8 | 24.7 |
| Dividend yield | 3.52% | 1.38% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | DOX | JKHY |
|---|---|---|
| 2022 | +23.8% | +6.2% |
| 2023 | -1.4% | -5.7% |
| 2024 | -0.9% | +8.7% |
| 2025 | -3.1% | +5.5% |
| 2026 | -20.6% | -6.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOX and JKHY good diversifiers for each other?
Reasonably. At 0.49, DOX and JKHY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DOX and JKHY?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.52 over the last year and 0.49 over 5 years.
Is JKHY a good diversifier for DOX?
Reasonably. At 0.49, DOX and JKHY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 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/dox-vs-jkhy.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dox-vs-jkhy/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DOX correlations · JKHY correlations
